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May 24, 2015 1:58 AM ET

Internet Software and Services

Company Overview of DealerTrack Canada, Inc.

Company Overview

DealerTrack Canada, Inc. develops Web-based software solutions and services for credit application processing in Canada. The company offers Dealer Management System (DMS), an open track integration platform that enables the users to access solution providers of CRM, inventory, desking, menu, multi-channel marketing, service appointments, and more. It also provides DMS Reporting, a tool that allows users to create dealership reports; DMS Bar Code Scanning to scan barcodes of vehicles and parts; DMS Buy-Here Pay-Here that allows users to access up-to-date information on payments, bank deposits, and collections; customer relationship management and Internet lead management solutions; DMS Daily ...

2700 Matheson Boulevard, East

East Tower

Suite 702

Mississauga, ON L4W 4V9

Canada

Phone:

905-281-6229

Fax:

905-290-8550

Key Executives for DealerTrack Canada, Inc.

Chief Executive Officer
Age: 55
Chief Financial Officer
Director of Marketing & Product Development
Senior Director of Lender Solutions
Compensation as of Fiscal Year 2014.

DealerTrack Canada, Inc. Key Developments

Dealertrack Canada Introduces Inventory+

Dealertrack Canada introduced Inventory+, an advanced inventory management tool with powerful 360(0) market insight, new mobile capability and workflow accelerating innovations. Dealertrack Inventory+, which combines the power of its Tradetracker, AAX and eCarList offerings, transforms vehicle and market information into increased trades, optimized turn rates and increased profits-per-day. Delivering robust tools and analytics, Inventory+ covers dealers across the entire lifecycle of the vehicle inventory process, including: Appraising, Stocking and Sourcing, Pricing, Marketing and Merchandising, Reporting, Mobile Application, Group Solutions and Dealer Results Management. Dealertrack delivers new, improved and powerful workflows and analytics with Inventory+. For example, the cornerstone of the Inventory+ solution is the new Appraisal Workflow functionality. The Appraisal Workflow tool expedites the appraisal process by creating a uniformed and totally integrated workflow process for dealers. Using a simplified, user-friendly seven-step process, Appraisal Workflow allows dealers to easily capture, input and manage all key information, including legal disclosures, photographs, reconditioning information, ACV Tracker, book-out data and values of vehicles in their inventory. Typically, when it comes to inventory management and reporting, dealers focus on either profits or turns. Inventory+ allows dealers to focus on both profits and turns for positive results. With Dealertrack Inventory+, dealers can create a simple and powerful metric - Profits-Per-Day(TM) (PPD) - that can help them better manage both turn and gross profits.

Dealertrack Technologies, Inc. and Dealertrack Canada, Inc. Enter into a Credit Agreement with JPMorgan Chase Bank, N.A

Dealertrack Technologies, Inc. and Dealertrack Canada, Inc. entered into a credit agreement with JPMorgan Chase Bank, N.A., as Administrative Agent, the several lenders from time to time party thereto and the other agents from time to time party thereto. The New Credit Agreement provides the Borrowers with credit facilities aggregating $800 million, including a $575 million term loan B facility and a $225 million revolving credit facility. The proceeds of the Term Facility were used to pay the cash consideration for the Merger to the Sellers, to effectuate the payment in full of any amounts due under that certain Credit Agreement dated as of April 20, 2011, by and among Dealertrack, the Canadian Borrower, the several lenders party thereto from time to time, JPMorgan Chase Bank, N.A., as administrative agent and the other agents from time to time party thereto to pay the fees and expenses related to the Merger and the refinancing of the 2011 Credit Agreement and for general corporate purposes of Dealertrack and its subsidiaries. The proceeds of the Revolving Facility may be used for general corporate purposes of Dealertrack and its subsidiaries. Up to $25 million of the Revolving Facility may be used to obtain letters of credit, up to $25 million of the Revolving Facility may be used to obtain swing line loans, and up to $35 million of the Revolving Facility may be used to obtain revolving loans and letters of credit in Canadian Dollars. The 2011 Credit Agreement was terminated on the Signing Date. The New Credit Agreement provides that, subject to certain conditions, Dealertrack may request, at any time and from time to time, the establishment of one or more additional term loan facilities and/or the Borrowers may request increases to the Revolving Facility in an aggregate principal amount not to exceed the sum of $200 million plus an additional amount if, after giving effect to such additional amount on a pro forma basis, Dealertrack’s consolidated first lien leverage ratio does not exceed 4.00 to 1.00. Interest on loans made under the New Credit Agreement’s Term Facility accrues, at Dealertrack’s option, at a rate per annum equal to the ABR plus a margin ranging from 1.50% to 1.75% depending upon Dealertrack’s consolidated first lien leverage ratio or LIBOR for an interest period to be selected by Dealertrack plus a margin ranging from 2.50% to 2.75% depending upon Dealertrack’s consolidated first lien leverage ratio. Interest on loans made under the New Credit Agreement’s Revolving Facility in U.S. Dollars accrues, at the Borrowers’ option, at a rate per annum equal to the ABR plus a margin ranging from 0.50% to 1.25% depending upon Dealertrack’s consolidated first lien leverage ratio or LIBOR for an interest period to be selected by Dealertrack plus a margin ranging from 1.50% to 2.25% depending upon Dealertrack’s consolidated first lien leverage ratio. Interest on loans made under the New Credit Agreement’s Revolving Facility in Canadian Dollars accrues at a rate per annum equal to the ABR plus a margin ranging from 0.50% to 1.25% depending upon Dealertrack’s consolidated first lien leverage ratio or the CDOR Rate for an interest period to be selected by Dealertrack plus a margin ranging from 2.50% to 2.75% depending upon Dealertrack’s consolidated first lien leverage ratio.

Quorum Information Technologies Inc. Announces Integration with DealerTrack Canada

Quorum Information Technologies Inc. announced that it has developed integration with DealerTrack Canada. Quorum's DMS, XSellerator features real-time push integration into DealerTrack's network, supplying purchaser, vehicle and deal information to their system.

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