Brookfield Business Partners Provides Update on Restoration of Systems at its Dealer Software and Technology Services Operation
July 03 2024 - 7:00AM
Brookfield Business Partners (NYSE: BBUC, BBU; TSX: BBUC, BBU.UN)
announced today an update on the restoration of systems at its
dealer software and technology services operation, CDK Global (“the
business” or “CDK”).
On June 19, CDK detected and promptly responded
to unauthorized cyber activity on its network. CDK proactively shut
all systems down, engaged third-party experts to address and
investigate the issue and notified law enforcement.
CDK has successfully brought substantially all
customers back onto its core dealer management system in advance of
the July 4 holiday weekend in the U.S. The business is also working
to bring back online other applications including its Customer
Relationship Management and Services solutions. In the interim, CDK
continues to actively engage with its customers to support their
sales and service efforts.
We do not expect this incident to have a
material impact on Brookfield Business Partners.
CDK is the leading provider of software
solutions to automotive dealers. Since our acquisition in 2022, CDK
has made significant investment in its technology and product
offering and is committed to continuing to be a best-in-class
partner to its customers.
About Brookfield Business
Partners
Brookfield Business Partners is a global
business services and industrials company focused on owning and
operating high-quality businesses that provide essential products
and services and benefit from a strong competitive position.
Investors have flexibility to invest in our company either through
Brookfield Business Corporation (NYSE, TSX: BBUC), a corporation,
or Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN), a
limited partnership. For more information, please visit
https://bbu.brookfield.com.
Brookfield Business Partners is the flagship
listed vehicle of Brookfield Asset Management’s Private Equity
Group. Brookfield Asset Management is a leading global alternative
asset manager with over $925 billion of assets under
management.
For more information, please contact:
Media: |
Investors: |
Marie Fuller |
Alan Fleming |
Tel: +44 207 408 8375 |
Tel: +1 (416) 645-2736 |
Email: marie.fuller@brookfield.com |
Email: alan.fleming@brookfield.com |
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