Reynolds and Reynolds
The Reynolds and Reynolds Company is a private corporation based in Dayton, Ohio. Its primary business is providing business forms, management software and professional services to car dealerships. It also produces forms used in medicine and insurance. The company went public in 1961, but was re-formed as a private company in 2006.
About Reynolds and Reynolds in brief
The Reynolds and Reynolds Company is a private corporation based in Dayton, Ohio. Its primary business is providing business forms, management software and professional services to car dealerships. It also produces forms used in medicine and insurance. The company went public in 1961, but was re-formed as a private company in 2006. It was merged with Universal Computer Systems in 2006, resulting in a culture clash between the two companies. In the 1960s, Reynolds opened new printing facilities in North Hollywood, Los Angeles, New Jersey and Canada. In 1963, Reynolds expanded into Canada through the acquisition of the automotive business unit of Windsor Office Supply. In 1986, the company acquired Arnold Corporation, which increased Reynolds’ revenues 50 percent. In November 2002, it acquired Networkcar Inc. and further developed its telematics device, CAReader. In 2006, Reynolds sold Networkcar to Hughes Telematics for USD 17 million. By the end of the year, Reynolds had more than USD 200 million in annual revenue. By 2000, 42 percent of Reynolds’ revenue came from business forms and computer businesses outside the automotive industry for a total of USD 155 million. It later acquired a business company, Fiscal Fiscal Information, which serves radiologists and later later became Reynolds Healthcare Systems in 1994.
It is also the owner of CarsDirect.com and Reynolds and. Reynolds introduced a car shopping website called CarsDirect Connect. In 2009, it was acquired by CarDirect. com and Reynolds also acquired the HAC Group, a learning, customer relationship management and web services company for retailers and manufacturers. In 2010, Reynolds acquired a company called Arnold Corporation called Arnold Services and a medical forms company called National Medical Computer Services. In 2012, Reynolds bought a company that provides medical forms and document management software to the insurance industry. It has also acquired several smaller technology companies in the 1990s and later developed its software products to manage sales logistics at dealerships and other industries. In 2013, it bought a business that manages sales logistics for car manufacturers, including General Electric and General Motors. In 2014, it purchased a company which provides sales logistics software to car manufacturers and other insurance companies for more than $100 million. In 2015, Reynolds announced that it would be closing its distribution centers in Texas and New Jersey to focus on its cloud-based sales and marketing business.