CALGARY, ALBERTA–(Marketwire – Feb. 8, 2010) – Quorum Information Technologies Inc. (Quorum) (TSX VENTURE:QIS) announced today that it has attained 25% market share, and is now the second largest provider of Dealership Management Systems to General Motors dealerships in Canada.
Quorum's flagship product, XSELLERATOR(TM), has enjoyed wide market acceptance across Canada in the last few years. Now, with recent sales, the company is proud to be able to serve such a broad segment of the GM dealership community in Canada, recently overtaking the number 2 position.
In the last two years, Quorum focused on making significant improvements in its implementation and support services offerings to make them more effective, efficient and scalable. “That strategy has certainly paid off with improved customer satisfaction, recent record sales, and five consecutive quarters of profitability, despite the challenging economy and challenges in the automotive industry,” commented Maury Marks, Quorum's President and CEO.
Mark Allen, Vice President Sales Marketing & Services said, “The improved state of the industry is one of the reasons for our strong showing. We have the right mix of value and price, which appeals to dealerships that want to take advantage of a modern system, but save money at the same time.”
“We would like to thank our loyal customers who have helped us reach this significant achievement,” added Allen, “From our early customers who believed in our vision of the original product, to those who have joined more recently as a result of our strong product offering bolstered by our unique relationship with GM. Collectively we have produced the most integrated system available to GM dealers in Canada today. The bottom line is that Quorum has a solid base of customers and we look forward to working together to achieve the next milestones.”
Quorum is a North American company focused on developing, marketing, implementing and supporting its XSELLERATOR(TM) product for GM, Chrysler and Hyundai dealers. XSELLERATOR is a dealership and customer management software product which automates, integrates and streamlines every process across departments in a dealership. One of the select North American suppliers of General Motors' IDMS, Quorum is the second largest DMS provider for GM's Canadian dealerships with 25%of the market. Quorum is a Microsoft Gold Certified Partner and Field-Level Managed ISV in both Canada and the United States. Quorum Information Technologies is traded on the Toronto Venture Exchange (TSX-V) under the symbol QIS. For additional information please go to www.QuorumDMS.com.
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