Quorum Information Technologies Inc.

Quorum Information Technologies Inc. provides advanced dealership management solutions tailored for automotive dealerships, optimizing operations across departments to enhance efficiency and customer satisfaction. Founded in 1996, Quorum Information Technologies Inc. is based in Calgary, Canada, specializing in dealership management systems for the automotive sector.

The firm has executed one major deal as of March 4, 2019, indicating its active involvement in the industry. The company was established by a group of entrepreneurs with relevant experience in technology and automotive services, aiming to address specific operational challenges faced by dealerships. Quorum DMS specializes in delivering comprehensive dealership management solutions that streamline operations across various departments within automotive dealerships. Their core offerings include Fixed Operations, Variable Operations, Accounting, Analytics, and Communications, designed to enhance efficiency, drive revenue, and improve customer satisfaction.

Quorum DMS products enable users to automate key processes, manage inventory, generate dynamic reports, and facilitate real-time communication between staff and customers. End users primarily consist of automotive dealerships across North America that seek to optimize their operational workflows, boost sales, and enhance the overall customer experience. The solutions are designed for the North American automotive market, specifically targeting dealerships that require integrated systems to manage their diverse operational needs effectively. Quorum DMS operates on a subscription-based revenue model, catering primarily to automotive dealerships as their clientele.

Clients typically pay for access to the platform, which includes various modules tailored to their operational needs such as accounting, analytics, and customer communications. Revenue is generated through annual or monthly subscription fees associated with these services, ensuring a steady cash flow as clients utilize the system for their day-to-day operations. The pricing structure is tiered based on the size of the dealership and the range of services chosen, allowing for flexibility in scaling operations. Quorum DMS's flagship services include their Dealer Management System (DMS) and QAnalytics, which are pivotal for clients looking to leverage data-driven insights to enhance dealership performance.

As of the most recent deal on March 4, 2019, Quorum Information Technologies Inc. is focused on expanding its product offerings and enhancing existing services to meet the evolving needs of automotive dealerships. The company aims to introduce new features within its DMS and analytics platforms, targeting a launch within the next 12 to 18 months. Additionally, there are plans to expand into new geographic markets beyond North America, specifically targeting markets in Europe and Asia by 2025.

Recent funding from the latest investment round will be utilized to support these product development initiatives and market expansion efforts.