Dealer.com picked up for $1bn

Dealertrack Technologies, which makes software used by car dealerships, will acquire Dealer.com for around $1bn (£610m) in cash and stock from Apax Funds. “Dealer.com and its team, whom we’ve long admired and respected, complement our solutions, and significantly enhance our ability to deliver a market leading suite of integrated technologies capable of transforming automotive retailing,” said Dealertrack chief executive Mark O’Neil.