ARI Network Services Buys TCS Technologies - Quick Facts

(RTTNews) - ARI Network Services Inc. (ARIS) announced it has acquired TCS Technologies, a provider of software, websites and digital marketing services designed exclusively for dealers, wholesalers, retreaders and manufacturers within the automotive tire and wheel vertical. Terms of the deal were not disclosed. The company expects the acquisition to generate incremental revenue of approximately $5 million and be accretive to EBITDA for fiscal 2015.

TCS will maintain normal operations out of its headquarters located in Cookeville, Tenn., under the continued leadership of Barry Reese, who will assume the role of VP and GM of TCS Technologies, an ARI Company.