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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