Tekion is a cutting-edge technology company that has developed a cloud-native platform specifically for the automotive retail industry. This platform leverages advanced technologies such as Big Data, the Internet of Things (IoT), and Machine Learning (ML) to revolutionize how car dealerships operate. Tekion's primary product is its Dealer Management System (DMS), which is the first and fastest cloud-native solution in the market.

The company serves a wide range of clients within the automotive sector, including multi-dealership groups and Original Equipment Manufacturers (OEMs). Tekion's platform provides a centralized view and performance metrics for entire dealership groups, enabling better management and operational efficiency.

Tekion operates in the global automotive retail market, which includes car dealerships, service centers, and OEMs. The company's business model is based on providing a subscription-based software-as-a-service (SaaS) platform. This means that dealerships pay a recurring fee to use Tekion's software, which is hosted on the cloud.

The company makes money through these subscription fees, as well as by offering additional services that enhance dealership operations. For example, Tekion's machine learning algorithms help dealerships identify personalized upsell and cross-sell opportunities, which can increase profitability. The platform also integrates with most major OEMs and ecosystem partners at no additional cost, providing seamless operations and reducing expenses for its clients.

In summary, Tekion is transforming the automotive retail industry by offering a comprehensive, cloud-native platform that enhances dealership efficiency, profitability, and customer experience.

Keywords: cloud-native, automotive retail, Dealer Management System, Big Data, IoT, Machine Learning, SaaS, OEM integration, profitability, operational efficiency.