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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Quorum Information Technologies Inc | TSXV:QIS | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.02 | -2.30% | 0.85 | 0.86 | 0.87 | 0.88 | 0.85 | 0.88 | 7,000 | 20:59:06 |
Quorum Information Technologies Inc. (TSX VENTURE:QIS) (Quorum) announced today that the newest addition to Quorum's suite of Dealership Management System software products - XPRESS - has been accepted as an offering under the GM Integrated Dealer Management System (IDMS) program in both the US and Canada. The new system compliments Quorum's flagship product, XSELLERATOR(TM), which is a state-of-the-art, highly-functional dealership and customer management software product which automates, integrates and streamlines every process across departments in a dealership. Converting to a modern DMS platform can be a significant undertaking. XPRESS is aimed at providing smaller dealerships with a way to quickly take advantage of a modern platform, a central customer and vehicle database, and other essential features of a DMS with less disruption to their business, and a lower cost of conversion from their current system. XPRESS provides dealerships with the option of building on to the system at their own pace as they become comfortable with the software and are ready to embrace more sophisticated features. XPRESS is available immediately to dealers in both the United States and Canada. "General Motors recognizes the reality for smaller dealerships that a major technology conversion can sometimes be intimidating. It is our goal to provide GM Dealers with the best options to help them maximize their productivity and profitability. Quorum's XPRESS IDMS product is an excellent alternative for dealers in this situation," commented Scott MacGirr, GM's Business Owner for the North American IDMS Program. "We've found that although the benefits of moving from an older system to a new, robust and modern DMS are enormous, for some dealers the rate and scope of the change can be daunting. XPRESS is an excellent solution for those dealers. They can now reap some key benefits of such a move right away, then ease into using advanced functionality when they are ready. We are truly excited that Quorum can now offer XPRESS as a GM IDMS product. This will help even more GM dealers to be able take advantage of the IDMS program," commented Maury Marks, president and CEO of Quorum. Quorum also announced that it has granted incentive stock options to directors and officers to purchase up to 1,035,000 common shares at $0.49 share for a period of five (5) years. The Board Chairman and CEO did not participate in the stock option grant. About Quorum Headquartered in Calgary, Alberta, Quorum's focus is on developing, marketing, implementing and supporting its DMS products for the automotive vertical. Quorum's suite of dealership and customer management software products automate, integrate and streamline every process across departments in a dealership. One of the select North American suppliers of General Motors' IDMS, Quorum is the third largest DMS provider for GM's Canadian dealerships with over 20% of the market. Quorum is a Microsoft Gold Certified Partner and Field-Level Managed ISV in both Canada and the United States. Quorum Information Technologies is traded on the Toronto Venture Exchange (TSX-V) under the symbol QIS.
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