Quorum Information Technologies Acquires VINN Automotive Technologies
June 27, 2023
Quorum Information Technologies Inc., a Calgary-based SaaS provider to automotive dealerships, closed the acquisition of VINN Automotive Technologies Limited, a North American automotive marketplace and concierge service. Quorum paid $0.75 million in cash (with an 80% holdback) and plans to integrate VINN with its MyDeal product to expand digital retailing, lead generation and revenue streams while leveraging VINN's tax loss carryforwards.
- Buyers
- Quorum Information Technologies Inc.
- Targets
- VINN Automotive Technologies Limited
- Industry
- Cloud & SaaS
- Location
- British Columbia, Canada
- Transaction Type
- Buyout
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