Vitu, a leading innovator in vehicle-to-government (V2Gov) technology, announced this week that it has successfully closed on its acquisition of the Dealertrack registration and titling businesses from Cox Automotive.

Through a development first revealed just before Thanksgiving, the acquired businesses include RTS (Registration and Titling Solutions), RegUSA (Nationwide Title and Registration), Accelerated Title, and CMS (Collateral Management Services).

According to a news release, this acquisition does not impact any other Cox Automotive Dealertrack solutions or services.

Terms of the agreement are not being disclosed.

CMS can provide business outsourcing and a self-management platform for vehicle title administration, including Accelerated (expedited) Title services, which can connect dealer and finance company networks to expedite title releases during vehicle trade-in and contract payoff.

RTS offers registration and titling services for both in-state and out-of-state vehicle sales and inquiries.

Vitu co-founder and CEO Don Armstrong said the company welcomes its new employees and looks forward to continuing to provide outstanding service and support to current and new customers and partners.

“The combined expertise, experience, and strengths of our now one Vitu team enhances our ability to better serve partners and governments today, and pave the way for the digital titling and registration ecosystem of tomorrow.,” Armstrong said.