izmo Ltd Expands Global Reach with Acquisition of Geronimo Web

On July 9, 2024, izmo Ltd announced in a stock exchange filing its strategic acquisition of Geronimo Web, a leading provider of digital marketing programs for automotive OEMs and dealerships. Geronimo Web’s expertise positions izmo as one of the largest providers of digital web platforms in Europe, the USA, and South America—key markets with significant growth potential.

This acquisition will expand izmo’s clientele to over 4,000 automotive dealers worldwide, offering services in 37 countries and 16 languages. Geronimo Web brings a substantial dealer client base and long-standing OEM relationships, enhancing izmo’s product portfolio to support clients in advancing their digital retail strategies.

Dealers using Geronimo’s platform will now gain access to izmo’s comprehensive suite of products, including izmoEmporio (3D virtual showroom), Digital+ (Digital Transformation Program), and MarketingFactory.

Speaking of this development, the Managing Director of izmo Ltd, Mr Sanjay Soni, said, “We are excited to announce the acquisition of Geronimo Web through our US-based subsidiary, izmo Inc. Geronimo is a market leader and a trusted name in digital marketing platforms, and this move makes izmo amongst the top digital web platform providers in key markets of the US, Europe and South America.

He further added, “The acquisition will expand our reach to over 4,000 dealers across 37 countries. We hope to benefit from Geronimo’s strong relationship with OEMs and wide dealer client base, which will give izmo a ready market to tap for their wide range of products.”

The Managing Director also stated that together, izmo Ltd aims to revolutionise the automotive retail landscape and offer greater value to its customers while creating sustainable value for all stakeholders. The company expresses gratitude to the entire izmo team for their dedication and relentless efforts, which drive the company forward.

About izmo Ltd

izmo Ltd delivers automotive retail solutions to dealerships worldwide. Its product offerings include Parts Distribution CRM, Digital Retail Web Platforms, Data Analytics, Search Engine Marketing, etc.

On July 9, 2024, the share price of izmo Limited opened at ₹405.15, touching the day’s high at ₹443.00, as of 12:44 PM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.