Webfair AG

Webfair AG is one of Europe's leading suppliers of automotive sales and service quality management systems. Based in Munich, Germany, Webfair provides performance-driven solutions that allow organizations to more effectively collect and analyze information on the performance and quality of their retail outlets and networks. Webfair is known for its Internet-based AssessNet program that automates the evaluation, assessment and auditing of compliance with manufacturer standards across international dealer networks. Based on standard technology and with full multi-language capability, Webfair AssessNet supports the capture of dealer information and the evaluation and assessment of dealers, resulting in greater visibility across the network and a reduction in OEM administration costs.

In March 2006 Urban Science, a leading global retail sales network consulting firm, joined forces with Webfair." The addition of Webfair further strengthens Urban Science's ability to analyze the performance and quality of our clients' sales and service networks," said Urban Science founder and president Jim Anderson. "Combining Webfair's dealer monitoring and assessment capabilities with Urban Science's network planning expertise will give our customers in all of our global markets even better information on which to base critical retail decisions."

In the meantime IVC successfully sold its equity stake on basis of a performance driven earn out transaction to Urban Science.