Desjardins Group Joins the DealerTrack Canada Network
June 09 2011 - 8:01AM
PR Newswire (Canada)
TORONTO, June 9, 2011 /CNW/ -- DealerTrack Canada, Inc., a
subsidiary of DealerTrack Holdings, Inc. (Nasdaq: TRAK) and a
leading provider of on-demand software and data solutions for the
automotive, recreational vehicle (RV) and powersport industries,
today announced the addition of Desjardins Group onto the
DealerTrack Canada Network. Desjardins, the leading cooperative
financial group in Canada, will now be able to receive electronic
credit applications from all of its authorized automotive, RV and
powersport dealers throughout Quebec. (Logo:
http://photos.prnewswire.com/prnh/20110124/NY34748LOGO ) According
to Andre Chatelain, Vice-President of Desjardins Card Services,
"Desjardins' presence on the DealerTrack Network provides easier
access to Desjardins' financing offer for automobile and durable
goods dealers in Quebec and select Ontario dealers. It will also
improve the dealer's and their customers' experiences." "Desjardins
Group is a major financial institution in Quebec, and adding them
to the DealerTrack Network is a significant milestone for our
company. We are confident that the expansion of our network of
lenders to include Desjardins will significantly broaden the range
of options for Quebec and select Ontario dealers seeking financing
for their customers, and help them close deals more quickly," said
Michael Collins, vice president and general manager, DealerTrack
Canada, Inc., in Mississauga. "DealerTrack is committed to giving
dealers access to the most comprehensive roster of financial
resources to help identify the most appropriate financing source
for their customers." About Desjardins Group Awarded the coveted
title "Bank of the Year 2010 - Canada" by the UK magazine The
Banker, Desjardins Group is the leading cooperative financial group
in Canada and the sixth largest in the world, with assets of over
$175 billion. Drawing on the strength of its caisse network in
Quebec and Ontario, and its subsidiaries across Canada, it offers a
full range of financial products and services to its 5.8 million
members and clients. Desjardins specializes in Wealth Management
and Life and Health Insurance, in Property and Casualty Insurance,
in Personal Services, in Business and Institutional Services. As
one of the largest employers in the country and one of Canada's 10
Most Admired Corporate Cultures(TM) of 2010, Desjardins is
supported by the skills of its 42,200 employees and the commitment
of nearly 6,000 elected officers. For more information, visit
www.desjardins.com. About DealerTrack Canada, Inc.
(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 Desjardins joining DealerTrack Canada's lender
network and the benefits thereof 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 by dealers and lenders of DealerTrack's solutions, the
performance by DealerTrack's third-party partners 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, Inc., +1-905-281-6229,
debbie.oberender@dealertrack.com; Nathalie Genest, Advisor,
Information and Media Relations, Desjardins Group, +1-514-281-7275
- 1 866 866-7000, ext. 7275, nathalie.genest@desjardins.com Web
Site: http://www.dealertrack.ca
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