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AutoQuotes Parent Company Gets an Investment to Expand European Operations

AutoQuotes’ parent company Revalize has received what it describes as a “significant minority investment” from Hg, a software and services investor. As part of the transaction, Revalize plans to acquire three European software companies: PROCAD Group in Germany, SpecPage in Switzerland and TENADO, also in Germany.

Private equity firm Luminate Capital Partners sold AutoQuotes to TA Associates in July. As part of this deal, AutoQuotes became part of Revalize, a cloud-based software platform for manufacturers, per a release announcing the deal at the time. Former AutoQuotes executive Jim Contardi serves as CEO of Revalize.