LAKE SUCCESS, N.Y. -- DealerTrack Holdings Inc.’s subsidiary, DealerTrack Digital Services Inc., has acquired substantially all of the assets of Global Fax LLC, a leading provider of business process outsourcing solutions to the automotive finance industry.

Global Fax, founded in 1993 and based in Warren, Mich., provides outsourced document scanning, storage, data entry and retrieval services for about 20 national automotive financing customers. Its business began by processing faxed credit applications and has evolved to predominantly processing automotive retail contracts and all related documents.

"DealerTrack is pleased to offer our financing source customers a variety of digital solutions that can provide them with 100 percent of their retail automotive contracts in a digital format," said Mark O'Neil, chairman and CEO of DealerTrack. "While Global Fax's Express Contract Processing service (ECP) has strong growth potential in its own right, this acquisition also represents an opportunity for us to enhance the overall value proposition of eContracting and our eDocs solution for our financing source customers."

"We are excited to join forces with DealerTrack to provide lenders with a complete package of electronic solutions to simplify and streamline their automotive contract processing operations," said Paul Kennedy, president of Global Fax and one of its founders.