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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. (Quorum) (TSX VENTURE:QIS) announced today that as part of its 2008 Strategic Plan, the company is in the midst of a business and operations transformation planning process designed to improve the Corporation's ability to take advantage of accelerated growth opportunities that are available to the Company. The process is being led by Michael (Mick) Podovilnikoff, a senior executive with extensive experience working with high-tech mid-sized companies and major corporations, most recently Telus, one of Canada's leading telecommunications companies. The objective of the planning process is to streamline Quorum's business processes to become more efficient, scalable and profitable. Quorum has 243 dealership customers in North America, including 54 in the U.S. The additional opportunity in the North American dealership management system (DMS) market is significant and with increased efficiencies and scalability, Quorum can capitalize on the opportunities. "Quorum's implementation process has been refined to the point where we are very effective at bringing new customers onto our system. As we respond to the Company's sales growth, we are looking to improve the efficiency and scalability of the process. The business transformation team has come up with numerous innovative ideas, many of which will also make the process more effective and increase customer satisfaction as well," said Maury Marks, President and CEO of Quorum. "It is an exciting time because all of the pieces of our current strategy appear to be coming together - sales growth is being fuelled by a major competitor leaving the GM IDMS program, the deployment of multiple advanced integration points under the GM IDMS program, and the opening of the Chrysler market, "stated Maury Marks. "Working with Mick to transform key areas of our company is critical to our ability to meet a higher level of sales demand." About Quorum Headquartered in Calgary, Alberta, Quorum's focus is on developing, marketing, implementing and supporting its XSELLERATOR(TM) product for the automotive vertical. XSELLERATOR is a dealership and customer management software product which automates, integrates and streamlines 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. For additional information, please go to www.QuorumDMS.com.
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