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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.88 | 0.87 | 0.88 | 0.88 | 0.88 | 0.88 | 1,000 | 14:30:00 |
Q Analytics is now utilized by 20% of Quorum’s XSellerator Dealership Management System (DMS) customers at the management level. Due to its popularity, Quorum is strategically consolidating dealership and other data on Microsoft Azure Synapse – a limitless analytics service that brings together data integration, enterprise data warehousing, and big data analytics. This step should allow Q Analytics to provide improved analytics for dealership customers and critical Business Intelligence (BI) insights into their operations and a consolidated dataset for future Artificial Intelligence (AI) projects.
“Q Analytics, utilizing Microsoft Power BI, has been a successful product and the next logical step is the move to Microsoft Azure Synapse,” said Maury Marks, Quorum President and CEO. “There are many benefits to this project that will significantly increasing the value of our Q Analytics solution and scale the adoption of Q Analytics to all dealership staff. We will start migrating dealerships to Azure Synapse early in 2021.”
“Microsoft Azure Synapse will help Quorum power customer service, innovation and efficiency, adding increased value for its dealership customers,” said Suzanne Gagliese, One Commercial Partner Lead, Microsoft Canada. “The transition to Azure Synapse allows the Q Analytics platform to collect and analyze all of their data, break down data silos and provide immediate business intelligence.”
For more information on Quorum, please visit: www.QuorumInformationSystems.com
About Quorum Information Technologies Inc.
Quorum is a North American company focused on developing, marketing, implementing and supporting its portfolio of software and services for automotive dealerships that includes:
Quorum Information Technologies Inc. is traded on the Toronto Venture Exchange (TSX-V) under the symbol QIS. For additional information please go to www.QuorumInformationSystems.com.
Forward-Looking InformationThis press release may contain certain forward-looking statements and forward-looking information ("forward-looking information") within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "expect", "may", "will", "project", "should" or similar words suggesting future outcomes. Quorum believes the expectations reflected in such forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon.
Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties some of which are described herein. Such forward-looking information necessarily involves known and unknown risks and uncertainties, which may cause Quorum's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking information.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed this release and neither accepts responsibility for the adequacy or accuracy of this release.
Contact: Maury Marks403-777-0036Investors@QuorumInfoTech.com
PDF available: http://ml.globenewswire.com/Resource/Download/f9c01043-2870-4fe7-96d0-74ca6925f1ae
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