DealerTrack Canada Adds TransUnion as Credit Application Data Resource
May 16 2011 - 8:01AM
PR Newswire (Canada)
TORONTO, May 16, 2011 /CNW/ -- Agreement Expands DealerTrack
Canada's Network to Deliver a Broader Range of Industry Credit
Resources to Canadian Dealers DealerTrack Canada, a subsidiary of
DealerTrack Holdings, Inc. (Nasdaq: TRAK), a leading provider of
on-demand software and data solutions for the North American
automotive retail industry, today announced an agreement to offer
TransUnion credit report solutions through DealerTrack Canada's
Credit Application Network, giving Canadian dealers greater access
to industry credit management resources. (Logo:
http://photos.prnewswire.com/prnh/20110124/NY34748LOGO ) "The
addition of TransUnion to our network brings tremendous value to
our dealers by offering another option for obtaining credit report
information," said Michael Collins, vice president and general
manager of DealerTrack Canada. "With the DealerTrack network,
dealers can access credit bureaus, update deal status, check on
contracts-in-transit and produce all necessary loan documentation,
helping to streamline finance processes and simplifying electronic,
real-time credit decisions." "This agreement will give more
Canadian dealers access to TransUnion's family of solutions for the
automotive industry through the DealerTrack Canada network," said
Derrick Breau, group vice president, TransUnion of Canada. "As a
result automotive dealers will gain a deeper understanding of
potential customers' financing needs and credit history prior to
making a deal." About TransUnion As a global leader in credit and
information management, TransUnion creates advantages for millions
of people around the world by gathering, analyzing and delivering
information. For businesses, TransUnion helps improve efficiency,
manage risk, reduce costs and increase revenue by delivering
comprehensive data and advanced analytics and decisioning. For
consumers, TransUnion provides the tools, resources and education
to help manage their credit health and achieve their financial
goals. Through these and other efforts, TransUnion is working to
build stronger economies worldwide. Founded in 1968 and
headquartered in Chicago, TransUnion employs more than 3,600
employees in 25 countries on five continents. About DealerTrack
Canada (www.dealertrack.ca) DealerTrack Canada, Inc., a subsidiary
of DealerTrack Holdings, Inc., is the leading provider of on-demand
credit application processing solutions in Canada. The DealerTrack
Canada Network connects more than 6,000 Canadian automobile,
marine, recreational vehicle, motorcycle, and power sport dealers
to all major Canadian financial institutions and more than 50
Credit Unions and strategic industry partners. DealerTrack Canada's
solution offerings include the Company's web-powered Dealer
Management System (DMS); DealerTrack AAX, a comprehensive inventory
management solution; and TradeTracker, an online trade appraisal
management tool. The family of DealerTrack Canada solutions allows
Canadian dealers to streamline their business operations and
processes, work more efficiently and reduce costs, while increasing
their business' return-on-investment. Safe Harbor for
Forward-Looking and Cautionary Statements Statements in this press
release regarding the benefits of providing dealers with access to
TransUnion credit resources and any conclusions or statements based
thereon, and all other statements in this release other than the
recitation of historical facts are forward-looking statements (as
defined in the Private Securities Litigation Reform Act of 1995).
These statements involve a number of risks, uncertainties and other
factors that could cause actual results, performance or
achievements of DealerTrack to be materially different from any
future results, performance or achievements expressed or implied by
these forward-looking statements. Factors that might cause such a
difference include the adoption of dealers and lenders of
DealerTrack's solutions, the adoption of dealers of TransUnion's
solutions and other risks listed in our reports filed with the
Securities and Exchange Commission (SEC), including our Annual
Report on Form 10-K for the year ended December 31, 2010. These
filings can be found on DealerTrack's website at
www.dealertrack.com and the SEC's website at www.sec.gov.
Forward-looking statements included herein speak only as of the
date hereof and DealerTrack disclaims any obligation to revise or
update such statements to reflect events or circumstances after the
date hereof or to reflect the occurrence of unanticipated events or
circumstances. TRAK-G Debbie Oberender, DealerTrack Canada,
905-281-6229, debbie.oberender@dealertrack.com Web Site:
http://www.dealertrack.com
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