Calgary, Alberta, Canada, Nov 5, 2018 -- Quorum Information Technologies Inc. (TSX Venture: QIS) ("Quorum" or the "Corporation") announced that it has completed the arm's-length acquisition (the "Transaction") of DealerMine Inc., DealerMine USA Holdings Inc., and DealerMine USA Inc. (collectively, "DealerMine") pursuant to a share purchase agreement dated October 31, 2018 (the "Agreement") between Quorum and Powerband Global Inc. ("Powerband").
Headquartered in Saint John, New Brunswick, Canada, with automotive dealership customers across Canada and the United States, DealerMine’s key products and services include the following:
Service Customer Relationship Management ("CRM") software;
Sales CRM software; and
Business Development Centre ("BDC") / call centre services.
Maury Marks, Quorum’s President and CEO stated, "The DealerMine team, under Robert Quirion’s (President of DealerMine) leadership, has a proven track record of developing exceptional CRM products for Sales and Service as well as providing exceptional BDC/call centre services that are successful in the North American retail automotive market. They also have many other innovative products like integrated Desking and OnLine Service Scheduling that complement their Sales and Service CRM offerings and have incredible growth potential. Robert and the DealerMine management team will remain in place to manage the business from Saint John, New Brunswick. The DealerMine team will continue to provide their products and services to their expanding customer base and will continue to be Dealership Management System ("DMS") agnostic as they grow their business. We are delighted with the strong DealerMine brand in the automotive retail market and the company’s reputation of helping dealerships increase both their revenue and customer satisfaction."
Marks continued, "At the time of the Transaction, only a few current Quorum customers subscribe to the DealerMine suite of products and, therefore, we plan to offer their Service CRM products and BDC services, in particular, to Quorum Dealership Management System ("DMS") customers. Together we can provide Quorum DMS customers with a more integrated end-to-end business process for their dealerships’ service and parts operations and help drive more revenue growth in these critical departments."
Robert Quirion commented, "We see the acquisition of DealerMine by Quorum as a key strategic move that will help Quorum form a true full-service software and services company for the automotive retail sector across North America. We are delighted that our management team and staff will continue to have the autonomy to innovate, grow our business and support our exceptional customers. For our customers, it will be business as usual and they will experience the same product innovation and support from our organization that they have come to expect."
Posted by Veronica Silva Cusi, news correspondent
About DealerMine CRM:
With over 500 hundred dealership customers in North America, DealerMine CRM allows dealerships to maximize revenues and profitability with every customer interaction through data mining, multi-channel marketing OEM integrations and BDC operations. Headquartered in Saint John, New Brunswick, Canada, the DealerMine CRM product offering includes Service CRM, Sales CRM, Equity Mining, Online Service Scheduling, Telephony, Desking, BDC and Training.
Published: Wednesday, November 7, 2018
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