MANHATTAN BEACH, Calif. — TSi Auto Solutions, a business management solutions provider to automakers, dealer groups and others, this week announced an acquisition the company believes should increase its customer base by 30 percent.

Executives revealed they have secured AutoSoft, a company based in Seattle that has been connected with four of the largest domestic automakers. They contend the acquisition elevates TSi's reach to more than 10,000 users worldwide.

TSi reiterated that it provides OEMs, dealer groups, banks and captive finance companies with analytical solutions that can deliver robust views of dealerships' performance data and financial status. Its Web-based, real-time proprietary technology can streamline, consolidate and cleanse data while providing an extensive range of reporting options.

Management asserts the acquisition of AutoSoft brings together two highly regarded data solution providers while expanding reporting and customer support throughout North America. Executives noted AutoSoft has more than 20 years of experience in providing financial reporting and analytics products, most notably Profit Planner, to a number of large U.S.-based automakers.

"AutoSoft has proven to be a valuable partner to their clients with an impeccable track record of consistently providing exceptional customer service," explained Dan Wood, president and chief executive officer of TSi Auto Solutions.

"We look forward to combining our analytics technology to deliver one of the most extensive financial and risk management solutions to even more U.S.-based customers," Wood continued.

TSi went on to emphasize that this acquisition is timely considering how much dealers and financial service providers have experienced unprecedented financial turmoil. Executives believe the combined strengths of TSi and AutoSoft can give their clients a competitive edge with access to real time, accurate data from their retail automotive network.

The companies assert account and risk managers as well as dealer group corporate executives can now fully assess the health and performance of dealerships, monitor loan covenants and identify new financial opportunities.

"TSi is a highly respected partner and the team brings extraordinary bench strength around product development and customer support," stated David Simmons, founder of AutoSoft.

"Combining our extensive experience will expedite our growth and help us provide additional innovative solutions to our clients," Simmons added.