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DataScan Holdings Partners With German Company to Provide Risk Management Services

September 18, 2008

ALPHARETTA, Ga. and NEU-ISENBURG, Germany -- DataScan Holdings LLC and EXCON Externe Controlling Services GmbH have entered into a partnership to provide automotive risk management services and systems to customers in North America and more than 27 countries across Europe. This unified dealer inventory verification service solution is the first of its kind in the industry.

EXCON is a leading company in Europe in automotive risk management, inventory verification, consulting, and repossession services. DataScan is a provider of wholesale floorplan accounting and risk management systems, automotive floorplan inventory verification services, and off-lease vehicle inspections.

DataScan will market EXCON's risk management service solutions to its U.S. and Canadian automotive and financial institution clients.

In Europe, EXCON will market DataScan's state-of-the-art wholesale floorplan accounting and risk management software systems, such as its newly upgraded Wholesale Management Suite software, to its growing client list of auto manufacturers, financial institutions and insurance companies. The upgraded version will offer further support for multi-national organizations, including expanded support for multiple currencies, taxation, and languages with double-byte character sets.

In addition, EXCON and DataScan will jointly market floorplan inspection and verification services in North America and Europe.

"We are pleased to have DataScan as our partner to market EXCON’s risk management solutions in North America," said EXCON's CEO Dr. Johannes Clauss. "Our services and products are a natural fit and complement each other well. EXCON is also excited to market DataScan's best-in-class services and systems to its growing base of European clients."

According to DataScan's president Frank Armstrong, current client demand and increased business opportunities prompted the expansion and partnership.

"Our companies will support each other with local market knowledge," Armstrong said. "By bringing EXCON's service success to the U.S. and Canada, we are enhancing our current products and services – and are better able to serve our clients’ needs. Through our alliance we can also position ourselves strategically for future global growth opportunities."

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