BURLINGTON, Vt. — Dealer.com has named Rick Gibbs, who founded the company in 1998 and currently serves as CTO, as its new president.

As president, Gibbs will help guide the company as it significantly increases employee headcount and accelerates product development and delivery volume over the years ahead.

"Rick's appointment sends a strong signal to the industry that we are first and foremost a technology company that empowers auto dealers, dealer groups and OEMs. We see a growing trend of powerful software as a service business models being driven by technologists," commented Mark Bonfigli, Dealer.com's CEO.

"Rick's expertise and dedication have been critical in enabling us to nearly quadruple our revenues over the last three years – among the most challenging years ever in the auto industry," Bonfigli continued. "He has continued to refine product management and added business analysis groups to benchmark best practices that keep our clients two to four years ahead of the competition. Assuming the role of president and CTO, Rick will now help guide us to entirely new levels of technology development, growth and expansion."

Commenting on his new position, Gibbs said, "I'm honored and thrilled to take on the role of president and excited about the opportunities ahead for Dealer.com. We have an industry-leading pipeline of products, a very strong and financially sound company, and are well-positioned for continued growth."

Prior to co-founding Dealer.com, Gibbs consulted for a number of Fortune 500 companies, designing and building next-generation web applications and interactive training systems. Gibbs is a graduate of Clarkson University, with a degree in computer engineering.