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QIS Quorum Information Technologies Inc

0.85
-0.02 (-2.30%)
19 Jul 2024 - Closed
Delayed by 15 minutes
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 Focused on Scalability to Meet Sales Demand

13/08/2008 3:42pm

Marketwired Canada


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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