Country for PR: United Kingdom
Contributor: PR Newswire Europe
Tuesday, March 02 2021 - 02:57
International Business Of CDK Global Becomes Keyloop
LONDON, March 1, 2021 /PRNewswire-AsiaNet/ --

A new name, new ownership, new leadership and Keyloop's commitment to dynamic 

Today, Francisco Partners (FP) completed its acquisition of CDK Global 
International, a former division of CDK Global (NASDAQ: CDK) for $1.45 billion 
( The acquisition by FP, a leading 
global investment firm that specializes in partnering with technology 
businesses, represents its conviction that Keyloop is uniquely positioned to 
help those involved in the automotive sector, both dealers and OEMs, respond to 
major changes over the coming decade as they transform the automotive retail 

Tom Kilroy is joining Keyloop immediately as the new CEO. Neil Packham, former 
CEO of CDK Global International, will continue to support the business in an 
advisory capacity as it moves forward. Tom Kilroy joins from FP, where he was 
an Operating Partner. Prior to this, he held the position of Chief Operating 
Officer of Finastra; a fintech company with over 10,000 employees and revenues 
of ~$2 billion. He brings deep experience of best-practices from global 
technology businesses providing mission-critical software.  

Keyloop intends to move swiftly and decisively to deliver on its mission of 
transforming the car buying and ownership experience in partnership with 
dealers and OEMs. The automotive retail experience is changing with the advent 
of connected cars, new retailing models and greatly increased digital 
engagement. Keyloop is poised to play a pivotal role in this evolution. 

Tom Kilroy commented on today's announcements: 

"Keyloop's strong performance, impressive history and brilliant people are the 
key attributes that made it such an attractive company. FP acquired Keyloop not 
only because it recognized the superior product portfolio it has today, but 
also the potential for innovation in one of the world's most critically 
important and rapidly evolving industries.

"We have all seen how technology players have set new standards for exceptional 
digital retail experiences. Now automotive consumers are starting to demand the 
same. As dealerships attract and serve the next generation of car buyers, 
digital transformation must be top of their agenda, and Keyloop will be the 
partner to help both them and the OEMs achieve this."

"We are launching our company as Keyloop with the goal of enhancing the 
automotive customer experience for the better." 

Click here [  ] for 
access to Keyloop's virtual press room, where you will find a range of assets 
to accompany this story (translated versions will be coming online throughout 
the week) including current press releases, FAQs, media backgrounder and logos.

About Keyloop
Keyloop's mission is to create and connect technology that advances the car 
buying and ownership experience in partnership with dealers and OEMs. It is a 
leading global provider of software solutions to the auto retail industry, 
serving approximately 16,000 dealer sites and most automotive manufacturers, in 
over 90 countries. Headquartered in the UK, Keyloop also has operations across 
EMEA and Asia. For more information, please visit

About Francisco Partners
Francisco Partners is a leading global investment firm that specializes in 
partnering with technology and technology-enabled businesses. Since its launch 
over 20 years ago, Francisco Partners has invested in more than 300 technology 
companies, making it one of the most active and longstanding investors in the 
technology industry. With more than $25 billion in assets under management, the 
firm invests in opportunities where its deep sectoral knowledge and operational 
expertise can help companies realize their full potential. For more information 
on Francisco Partners, please visit

Profile of Tom Kilroy
Prior to joining FP, Tom was the Chief Operating Officer of Finastra, a fintech 
software company with over 10,000 employees, more than 8,600 customers 
(including 90 of the world's top 100 banks) and revenues of ~$2 billion. During 
ten years with that company, Tom held various roles responsible for driving 
growth and profitability. In 2017, he led the integration of Misys and D+H. In 
2012, as Interim CEO, Tom led the take-private of Misys plc and was then a 
central part of the team that transformed it under private ownership. Prior to 
that, Tom spent eight years at GE Healthcare, a division of General Electric.

Logo -  

Source: Keyloop