Dealertrack Completes Acquisition of Dealer.com
March 03 2014 - 7:00AM
Business Wire
Dealertrack Technologies (Nasdaq:TRAK) today announced the
completion of its acquisition of Dealer.com, a leading provider of
comprehensive digital marketing solutions and services for the
automotive retail industry.
Established in 1998, Dealer.com has been a pioneer in providing
website and advertising products for OEMs and automotive
dealerships. Dealertrack will retain the Dealer.com name in the
marketplace to represent Dealertrack’s advanced and complementary
set of digital marketing products and services.
Rick Gibbs, former Chief Executive Officer of Dealer.com and one
of its co-founders, will lead Dealertrack’s newly formed Digital
Marketing Solutions team, as Executive Vice President and Group
President. Dealertrack’s Digital Marketing management will be based
at Dealer.com’s current headquarters in Burlington, Vermont.
The agreement to acquire Dealer.com was announced on December
19, 2013. For the full announcement press release, click here for
the Dealertrack Press Room.
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
20,000 dealers with more than 1,400 lenders, Dealertrack
Technologies delivers the industry’s most comprehensive solution
set for automotive retailers, including Dealer Management System
(DMS), Inventory, Sales and F&I, Digital Marketing, and
Registration and Titling solutions.
Safe Harbor for Forward-Looking and
Cautionary Statements
Statements in this press release regarding the benefits to
Dealertrack, its acquisitions of Dealer.com, as well as 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 and acceptance of Dealertrack, Dealer.com and their
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 ending December 31, 2013. 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.
TRAK-G
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20140303005470/en/
Investor Relations:Dealertrack Technologies, Inc.Paul
Rybecky,
516-734-3796paul.rybecky@dealertrack.comorMedia:Kenneth
Engberg,
516-734-3692kenneth.engberg@dealertrack.comorDealer.comAlison von
Puschendorf, 877-327-8422alison.vonpuschendorf@dealer.com
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