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AutoLocate sold to software house

Dealers using AutoLocate, the internet-based stock inventory management system, will soon be able to update their stock live on the web. The move is part of RCP Consultants' new focus for AutoLocate after the Oxfordshire-based software house acquired the system from CAP Network, the motor research operation owed by AM publisher EMAP, for an undisclosed sum. For the past two years, RCP has been developing the inventory technology using CAP Network data. It was also responsible for managing the systems supporting AutoLocate. CAP Network managing director Ian Bissell says the company will continue to work in partnership with RCP “to develop products and services and to present CAP Network data in new and innovative ways”. Bissell says the sale will allow Leeds-based CAP Network to concentrate on its core business of new and used vehicle data, including servicing costs and future residual valuation information. John Richards, RCP's managing director, says the acquisition will help expand the firm's automotive division.

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