DAS Technology Sees Record Year of Growth and Awards
Revenues and EBITDA Surge for DAS Technology
DAS Technology, the leading consumer engagement technology company in the automotive industry, is celebrating a hugely successful year in 2023. The company achieved a remarkable 120% year-over-year increase in dealer and OEM subscription growth, resulting in record-breaking revenue and EBITDA growth. This outstanding performance solidifies DAS Technology’s position as a leader in the dealership software space.
Recognition and Prestigious Awards for DAS Technology
DAS Technology has cemented its reputation as the most-awarded automotive dealer partner, receiving six coveted Dealers’ Choice Awards, including top honors in two lead-generation categories. The company also earned recognition as the largest interactive marketing company and one of the largest software firms. Additionally, DAS Technology was named one of the Top 10 privately held companies in the Phoenix metro market, where it was founded in 2010, making Inc. magazine’s 2023 Power Partner list.
A Year of Achievements
In addition to its impressive achievements in revenue and awards, DAS Technology underwent significant developments in 2023. The company rebranded as DAS Technology while keeping Digital Air Strike as one of its top divisions. It executed its ninth acquisition with 3 Birds and launched multiple new products. Alexi Venneri, DAS Technology co-founder and CEO, expressed pride in the team’s accomplishments and highlighted the importance of their valued clients, patented SaaS technology, and commitment to delivering an exceptional experience to consumers.
Exciting New SaaS Solutions on the Horizon
DAS Technology is set to unveil new SaaS capabilities designed to enhance the consumer experience and drive profitability for dealers. These exciting new features will leverage data and key integrations to meet OEM requirements for customer satisfaction. They include AI-powered lead response and consumer messaging for increased sales performance, smart SMS messaging for direct-to-consumer lead response and post-transaction surveys, expanded vehicle merchandising capabilities, and customer-in-equity and service targeting to drive sales upsells and higher dollars per repair order.
DAS Technology’s Growth and Expansion
Undergoing a rebrand in January 2023, DAS Technology expanded its technology solutions and services within its five divisions: Digital Air Strike, AUTOVATE, Bestride.com, LotVantage, and 3 Birds. The company has made nine acquisitions since its inception and has grown to be a trusted partner for thousands of retailers, partners, and OEMs. Its subscription-based Consumer Experience (CX) technology offers a range of solutions, including consumer sentiment analysis, social media and reputation management, lead response technology, customer retention capabilities, AI-powered messaging, and targeted digital marketing.
Looking Ahead to Another Tremendous Year
DAS Technology’s successful year in 2023 has set the stage for even greater achievements in 2024. The company has exciting plans to release new SaaS solutions throughout the year, with the first announcements scheduled to take place at the National Automobile Dealers Association (NADA) annual convention. With its commitment to innovation and customer satisfaction, DAS Technology is well-positioned to continue its tremendous growth and deliver exceptional value to its clients and partners.
Analyst comment
Positive news: DAS Technology has had a record year of growth, with a significant increase in revenues and EBITDA. The company has received numerous prestigious awards and is well-positioned for further growth in 2024 with the release of new SaaS capabilities.
