KAR Consolidates Repo Management Team
KAR Auction Services has consolidated its Recovery Database Network management team following the company’s acquisition of Clearplan.
CARMEL, Ind. — Remarketing and technology services provider KAR Auction Services Inc. announced a consolidated management team for its software as a service businesses Recovery Database Network and recently acquired Reno, Nev.-based Clearplan.
The integrated management team increases synergies for these complementary business units, and the consolidation will enable the development and delivery of tools with increased convenience, accuracy, and transparency for its asset recovery customers and automotive lenders, according to Peter Kelly, KAR’s president of digital services.
“KAR’s acquisition of market leader Clearplan aligns with our goal to further develop the data-driven, user-friendly communications platform for customers in the repo industry,” Kelly said. “An integrated management team for RDN and Clearplan, one with tremendous domain expertise and a proven track record, will enable us to deliver the most powerful software platform in the industry and to offer smarter, faster and more effective solutions for our customers.”
Under the new management structure, all RDN and Clearplan employees will report to Clearplan president Justin Zane as part of KAR’s digital services group of companies.
“Established brands in the recovery industry, Clearplan and RDN have worked closely for several years now. By aligning the two, we can further enhance existing services and provide new product offerings to our lender and agent network,” said Zane. “It's our goal to provide industry-leading products through a proven team that the repossession and lender community has come to know and trust.”
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