Bob Brockman and UCS buy Reynolds and Reynolds Dealer Systems so R&R can go Private

Posted by on Friday, August 18, 2006 at 5:53 pm. 3 Comments.

Ucs
A long time ago in a land far away, I used to know the folks at UCS. Congratulations to Bob Brockman and the team at UCS for the purchase of Reynolds and Reynolds Dealer Systems. This weeks Houston Business Journal has a write up but it isn’t online yet. Resources:

Reading between the lines it is an awesome exit plan. Execs at UCS get the cash. R&R gets to go private and avoid the huge expense of SARBOX. R&R CEO stays CEO. Keeps the R&R Brand. The shareholders get a fair price. The UCS employees have got to be a bit “nervous” but stuff happens. Fin O’Neil, R&R’s CEO gains another 5% market share in the US. Everyone rides into the sunset.

Anyone else think it’s time to take another look at the expense of SARBOX and why the only tech exit strategy these days is to be bought?  Can we please bring back innovation even if it means dorky IPOs?

update: Apparently Mr. Brockman is going to be CEO after all 30-Oct-2006. From the press release on reyrey.

The company also announced that Fin O’Neill, Reynolds’ president and CEO, will be Vice Chairman, Office of the CEO, for the merged company. He will be responsible for helping lead the integration of the two companies and helping ensure that customer voices are heard and reflected in Reynolds’ policies and procedures, as well as in products and services.

Robert Brockman will serve as Chairman, Office of the CEO, for the new company.

Filed under Current Affairs.

3 Comments on “Bob Brockman and UCS buy Reynolds and Reynolds Dealer Systems so R&R can go Private”

  1. Reynolds Employee says:

    Brockman is pretty much taking over… Originally everything thought the same as your first post, that UCS employees would have to be nervous. As it turns out, it’s the other way around. As far as the Software Development for the car dealership system, the whole chain of command on the Reynolds side is being asked to leave (purely car-dealership software side). I’m fortunate enough not to be on that side (I’m in order processing), but I thought I would give you an update. Reynolds associates are the ones in trouble…

    Posted on November 2, 2006 at 6:26 am.

  2. Josh Stafin says:

    Bob Brockman sucks! He can suck my spock.

    Posted on January 18, 2008 at 2:32 pm.

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