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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 and Credit Bureau Connection Announce Strategic Relationship and Launch Industry-Leading Integration

08/09/2010 1:00pm

Marketwired Canada


Quorum Information Technologies Inc. (TSX VENTURE:QIS) (Quorum) and Credit
Bureau Connection Inc. (CBC) announced today that they have entered into an
exclusive strategic relationship, and have launched ground breaking integration
between Quorum's dealer and customer management system, XSellerator(TM) and
CBC's state-of-the-art credit bureau integration services. The result will bring
tremendous value to Quorum's dealership customers.


The integration provided between the systems will offer Quorum's dealers
immediate access to all three credit bureaus operating in the US and Canada at
highly competitive rates. In addition the dealers will be able to route credit
applications to the RouteOne, DealerTrack and CUDL finance networks via CBC and
take advantage of their cutting-edge automated compliance resources. This
functionality is entering pilot testing in US and Canada in October and will be
available to Quorum's dealers in the 4th quarter. DealerTrack integration will
not be available for Canadian dealers initially. 


"Not only are we able to bring a wealth of new functionality to our dealers
through a single strategic relationship with CBC, but the advanced technology of
both systems have afforded us the ability to provide a single-sign-on model,
something that dealers have long sought-after. What that means is the user can
connect from XSellerator to CBC without having to rekey IDs and passwords - a
major complaint across all dealerships. This is truly seamless integration,"
commented Dan Ichelson, Quorum's Vice President of Operations and Development.


Mark Allen, Vice President of Sales, Marketing & Services for Quorum said, "We
are excited to embark on this new relationship with CBC. It exactly aligns with
our strategy to offer a comprehensive premium dealer and customer management
system to dealerships at a price that is far lower than the large providers in
the market."


"We are delighted to be Quorum's partner for credit bureau service and finance
network services. We believe that Quorum is focused on real benefits to its
dealer customers and XSellerator is a great choice for progressive dealerships,"
commented James Mason, Credit Bureau Connection's VP of Sales and Marketing.


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.


About Credit Bureau Connection 

Credit Bureau Connection, an authorized reseller for all three of the major
credit reporting agencies, provides a total solution to their customers credit
reporting needs. Focusing on the automotive industry, we understand the
dealerships requirements.


Credit Bureau Connection offers credit reporting solutions designed for new car
franchises, independent dealers, brokers, auction houses, wholesalers, RV,
motorcycle and marine dealers. CBC provides integrated solution options for
automotive related software. For additional information please go to
www.CreditBureauConnection.com.


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