“As we remain proactive in identifying industry trends and helping our clients navigate the industry’s evolution, we’re excited to have the support and scalability that Reynolds provides,” Kahmann said in a written statement announcing the deal.
Reynolds and Reynolds will use Xzilon as its name for the business unit and products. Xzilon, which is located in Bend, Ore., will operate as a subsidiary of the American Guardian Warranty Services group Reynolds and Reynolds acquired in February.
Reynolds, in Dayton, Ohio, has been on a spending spree in 2023. In June, the company announced its purchase of AutoVision, a 10-employee technology startup designed to help dealers sell more used cars. And in March, Reynolds and Reynolds acquired DealerCorp Solutions, a Canadian retail software provider.
“Our focus is on the future, where the industry is headed, and how we can help any dealership navigate the changing landscape of retail automotive,” Reynolds and Reynolds president Chris Walsh said in a July news release.
Reynolds and Reynolds has been remaking its image since former CEO Bob Brockman left the company in November 2020 after he was indicted in a tax evasion case. Brockman died at age 81 in August 2022. The company, under new leadership in 2021, started its focus on improving relations with dealership customers. At NADA in January, it unveiled a new logo and updated products.
