Quorum announces re-platforming of data resources on Microsoft Azure to enable the future delivery of advanced analytics and ...
January 19 2021 - 7:38AM
Quorum Information Technologies Inc. (TSX Venture: QIS) (Quorum)
announced today that it is working with Microsoft in a
re-platforming and data consolidation project utilizing Microsoft
Azure Synapse Analytics. Quorum launched Q Analytics, utilizing
Microsoft Power BI, a little over a year ago as an enterprise
reporting tool for the Quorum suite of products.
Q Analytics is now utilized by 20% of Quorum’s
XSellerator Dealership Management System (DMS) customers at the
management level. Due to its popularity, Quorum is strategically
consolidating dealership and other data on Microsoft Azure Synapse
– a limitless analytics service that brings together data
integration, enterprise data warehousing, and big data analytics.
This step should allow Q Analytics to provide improved analytics
for dealership customers and critical Business Intelligence (BI)
insights into their operations and a consolidated dataset for
future Artificial Intelligence (AI) projects.
“Q Analytics, utilizing Microsoft Power BI, has
been a successful product and the next logical step is the move to
Microsoft Azure Synapse,” said Maury Marks, Quorum President and
CEO. “There are many benefits to this project that will
significantly increasing the value of our Q Analytics solution and
scale the adoption of Q Analytics to all dealership staff. We will
start migrating dealerships to Azure Synapse early in 2021.”
“Microsoft Azure Synapse will help Quorum
power customer service, innovation and efficiency, adding
increased value for its dealership customers,” said Suzanne
Gagliese, One Commercial Partner Lead, Microsoft Canada. “The
transition to Azure Synapse allows the Q Analytics platform to
collect and analyze all of their data, break down data
silos and provide immediate business intelligence.”
For more information on Quorum, please visit:
www.QuorumInformationSystems.com
About Quorum Information Technologies
Inc.
Quorum is a North American company focused on developing,
marketing, implementing and supporting its portfolio of software
and services for automotive dealerships that includes:
- XSellerator, a Dealership Management System (DMS) that
automates, integrates and streamlines key processes across
departments in a dealership, and emphasizes revenue generation and
customer satisfaction.
- DealerMine CRM, a sales and service Customer Relationship
Management (CRM) system and set of Business Development Centre
services that drives revenue into the critical sales and service
departments in a dealership.
- Autovance, a modern retailing platform that helps dealerships
attract more business through Digital Retailing (DR), improve
in-store profits and closing rates through its desking tool and
maximize their efficiency and CSI through Autovance’s F&I menu
solutions fee.
- Advantage, a full showroom system for both franchised and
independent dealerships and a comprehensive management system that
includes accounting for the independent market.
Quorum Information Technologies Inc. is traded on the Toronto
Venture Exchange (TSX-V) under the symbol QIS. For additional
information please go to www.QuorumInformationSystems.com.
Forward-Looking InformationThis
press release may contain certain forward-looking statements and
forward-looking information ("forward-looking information") within
the meaning of applicable Canadian securities laws. Forward-looking
information is often, but not always, identified by the use of
words such as "anticipate", "believe", "plan", "intend",
"objective", "continuous", "ongoing", "estimate", "expect", "may",
"will", "project", "should" or similar words suggesting future
outcomes. Quorum believes the expectations reflected in such
forward-looking information are reasonable but no assurance can be
given that these expectations will prove to be correct and such
forward-looking information should not be unduly relied upon.
Forward-looking information is not a guarantee
of future performance and involves a number of risks and
uncertainties some of which are described herein. Such
forward-looking information necessarily involves known and unknown
risks and uncertainties, which may cause Quorum's actual
performance and financial results in future periods to differ
materially from any projections of future performance or results
expressed or implied by such forward-looking information.
Neither the TSX Venture Exchange nor its
regulation services provider (as that term is defined in the
policies of the TSX Venture Exchange) has reviewed this release and
neither accepts responsibility for the adequacy or accuracy of this
release.
Contact: Maury
Marks403-777-0036Investors@QuorumInfoTech.com
PDF
available: http://ml.globenewswire.com/Resource/Download/f9c01043-2870-4fe7-96d0-74ca6925f1ae
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