Dealertrack Completes Acquisition of Casey & Casey NPS, Inc.
April 01 2013 - 3:05PM
Business Wire
Dealertrack Technologies (Nasdaq: TRAK) today announced that the
company has completed its acquisition of Casey & Casey NPS,
Inc. (d/b/a Auto Title Express), Louisiana’s first electronic
public license tag agency, and the largest provider of electronic
vehicle registration, lien and title services, among other related
services, in the state. The agreement to acquire Casey & Casey
was announced on February 25, 2013.
Casey & Casey is now part of Dealertrack’s Lender Solutions
Group, a product suite that includes registration and titling,
collateral management and digital document solutions. Dealertrack’s
registration and titling solutions are being used in states that
allow for electronic vehicle registration including California,
Connecticut, Georgia, Illinois, Indiana, Maryland, Massachusetts,
New Jersey, New York, North Carolina, Ohio, Pennsylvania, Virginia
and Wisconsin. Dealertrack also supports cross-state vehicle
registration in all 50 states through the use of its web-based
RegUSA tool, and is a provider offering the administration and
management of electronic liens in each of the current 18 eligible
states.
For the full announcement press release from February 25, click
here.
About Dealertrack Technologies
(www.dealertrack.com)
Dealertrack Technologies’ intuitive and high-value web-based
software solutions and services enhance efficiency and
profitability for all major segments of the automotive retail
industry, including dealers, lenders, OEMs, third-party retailers,
agents and aftermarket providers. In addition to the industry’s
largest online credit application network, connecting more than
19,000 dealers with more than 1,200 lenders, Dealertrack
Technologies delivers the industry’s most comprehensive solution
set for automotive retailers, including Dealer Management System
(DMS), Inventory, Sales and F&I, Interactive and Registration
and Titling solutions.
Safe Harbor for Forward-Looking and
Cautionary Statements
Statements in this press release regarding the benefits of the
acquisition of Casey & Casey, including strengthening our
electronic processing presence in the Southern U.S. and expanding
our relationships with dealers and lenders in the state of
Louisiana 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 Technologies 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
completion of the acquisition of Casey & Casey, the company
meeting its financial goals, 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 ending December 31,
2012. These filings can be found on Dealertrack Technologies’
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 Technologies 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.
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