Dealertrack Technologies Elects Joe Payne to Board of Directors
April 29 2013 - 8:00AM
Business Wire
Dealertrack Technologies, Inc. (NASDAQ: TRAK), today announced
the election of Joe Payne to its Board of Directors. With his
addition, the size of the Company’s Board of Directors increases to
nine members.
“Joe Payne brings a wealth of experience to our Board, and we
expect him to be a valuable asset to our team as we deliver the
market leading suite of integrated technologies capable of
transforming automotive retailing,” said Mark O’Neil, chairman,
president and chief executive officer of Dealertrack Technologies.
“We look forward to leveraging Joe’s expertise in running, managing
and leading several successful software companies over the
years.”
Mr. Payne formerly served as Chairman and CEO of Eloqua. Mr.
Payne led Eloqua through a successful IPO on the NASDAQ (ELOQ) and
eventually sold Eloqua to Oracle. Eloqua is now a wholly-owned
subsidiary of Oracle and the leading provider of cloud-based
marketing applications. He also previously served as President and
COO of iDefense, a VeriSign company providing cyber intelligence,
from 2005 to 2006. From 2002 to 2004, Mr. Payne was President and
CEO of e-Security, Inc., a provider of security software. He has
also served in senior executive roles at eGrail, Inc.,
MicroStrategy, Inc., InteliData Technologies, and Royal Crown
Company, Inc. Mr. Payne previously served on the boards of
directors of Eloqua, Inc., e-Security, Inc., eGrail, Inc., and
Ecutel, Inc. Mr. Payne holds a B.A. and M.B.A. from Duke
University.
For a complete list of Dealertrack’s Board of Directors, 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. For more information visit
www.dealertrack.com.
Safe Harbor for Forward-Looking and
Cautionary Statements
Statements in this press release regarding the benefits of
Dealertrack , the election of Joe Payne to the Dealertrack Board of
Directors, 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
performance of Dealertrack and Mr. Payne, 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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