History
Quorum's Product Vision
To build a single, integrated, end-to-end business process solution for North American automotive dealerships that covers all of their business-critical processes.
The genesis of Quorum’s product vision was a recognition of the changing landscape in the automotive dealer market with more dealerships being acquired by larger dealer groups, as well as an in-depth understanding of the numerous disparate products that Quorum’s customers purchase from a variety of third-party providers.
2017 Autovance Acquisition
Quorum began delivering on its product vision in August 2017 with its acquisition of Autovance Technologies Inc., which provides vehicle sales Digital Retailing, Desking and F&I Menu solutions to help dealerships seamlessly present payment, lease and financing information to customers in person and online.
2018 DealerMine Acquisition
In October 2018, Quorum completed the transformative acquisition of DealerMine Inc. The DealerMine acquisition significantly accelerated Quorum’s strategic vision to be a full-service provider to automotive dealerships by adding DealerMine’s Service CRM (Customer Relationship Management), Sales CRM and call centre services, otherwise known as the Business Development Centre (BDC).
2022 Accessible Accessories Acquisition
On April 1, 2022, Quorum acquired Accessible Accessories Ltd., headquartered in Medicine Hat, Alberta, Canada. Accessible develops, implements, and supports its web-based platform that allows franchised dealerships to sell accessories more effectively. With over 680 automotive franchised dealership customers across Canada at time of acquisition, Accessible is a growing business with a proven team and a large customer base of very successful dealerships.
2023 VINN Automotive Technologies Limited Acquisition
Quorum welcomed another incredible brand June 23 2023, completing the acquisition with VINN Automotive Technologies Limited. This has expanded Quorum's reach into the Business to Consumer (B2C) market as VINN is a premier automotive marketplace that streamlines the vehicle research and purchase process for vehicle shoppers while helping retailers sell more efficiently. VINN provides a 5-star Google rated concierge service that assists consumers through the complex vehicle sales process.
OEM Integration Continues
Quorum’s all vehicle-makes certification strategy is to build integration and achieve certifications with vehicle original equipment manufacturers (OEMs) across its full product suite. To date, Quorum has completed integration with OEMs representing 18 different automotive brands in Canada and 13 different automotive brands in the US.
Founder's History
Quorum Information Technologies was founded by current President and Chief Executive Officer, Maury Marks and his partners in 1996. Growing up in rural Alberta, Maury worked in his family’s General Motors automotive dealership and has been around the automotive retailing industry all of his life.
Taking a break from the family business to attend University, Maury earned a Bachelor of Management (with Distinction) from the University of Lethbridge in Alberta in 1988, and in 1991 he received his Chartered Accountant’s designation after articling with Deloitte and Touche in Calgary.
In 1992 Maury began his own practice of technology consulting for small businesses. It was during this time that his family turned to him to find a new dealer management system for their dealership. Having thoroughly valuated the market he concluded that the industry had largely stagnated and the idea for forming Quorum was conceived. Maury and his partners founded Quorum in 1996.
Quick Links
Contact Investor Relations
Investors@QuorumInfoTech.com
P: 403.777.0036 | P: 877.770.0036 | F: 403.777.0039
Quorum Head Office: B28, 6020 - 2nd Street SE Calgary AB T2H 2L8
