Four days after announcing the purchase of the Tail Light automotive software company, J.D. Power shared another acquisition in the software space on Monday.

This time, the company announced the purchase of We Predict, a UK-based provider of automobile service and warranty analytics software.

Through We Predict’s software, automakers and suppliers are able to gauge future component failures in addition to future warranty claims and costs.

J.D. Power said it will utilize this software to upgrade its vehicle quality and dependability analytics, broaden its repair cost forecasting and offer critical valuation data.

“Robust data and powerful analytics that help manufacturers, suppliers and consumers better predict future repair costs are a key link in the auto industry value chain that will only become more important as fleets of new electric vehicles start rolling off the assembly line,” J.D. Power president and chief executive officer Dave Habiger said in a news release.

“By augmenting our existing offerings with We Predict’s forecasting software, we will be able to deliver a more complete, detailed view of repair-related costs to better anticipate financial risk exposures,” he said.

We Predict CEO James Davies added: “J.D. Power invented the idea of using data and analytics to evaluate vehicle quality and dependability, so the opportunity to become a part of that team and bring our software and operational data into the offering is enormously exciting to all of us at We Predict.

“The industry and consumers need accurate repair cost forecasting now more than ever and we look forward to being the leader in delivering those solutions.”