NextCar, which is the Scott Painter- and Georg Bauer-led fintech and insurtech vehicle subscription platform, announced last week it has finished the acquisition of the Autonomy brand and intellectual property library.

NextCar purchased Autonomy from Micro Focus.

The deal includes the Autonomy.com global domain along with various country and subdomain extensions, plus trademark applications, awards goodwill and related IP.

Autonomy had been in the Hewlett-Packard company, eventually bought up by Micro Focus.

Painter, who is co-founder and chief executive officer of NextCar, said in a news release: “Autonomy, which stands for freedom, is more meaningful post-pandemic. Mobility is at the core of what makes us feel free, so access to it should be flexible, easy, and affordable.

“Customer acquisition cost is one of the critical factors in determining the success of any business. Going to market with a compelling brand that people can relate to in tandem with a magical product and consumer experience creates a moat for any business and is the foundation for scaling this business profitably,” Painter said.

Bauer, who also co-founded Fair with Painter, is NextCar’s president. In the release, he added: “Easy and affordable access to mobility is a challenge for consumers everywhere.

“The ability to immediately become a global brand through our acquisition of an entire IP library that is inclusive of assets in over a dozen countries is an incredibly valuable strategic asset,” Bauer said. “We believe Autonomy will be a pivotal financial and insurance innovation through which consumers get access to a vehicle.”