Dealertrack Posts Record Revenue for 2013

The tech firm touted a 24% increase in revenue for 2013. It also noted that more than 1,000 dealers visited the company’s booth at the NADA Convention & Expo.
The tech firm touted a 24% increase in revenue for 2013. It also noted that more than 1,000 dealers visited the company’s booth at the NADA Convention & Expo.
Dealertrack has completed its acquisitions of CRM-provider Customer Focused Marketing Inc. and VINtek. The agreements were announced in August and September, respectively.
Dealertrack has reached an agreement to acquire VINtek for an estimated $53.4 million. The deal is expected to close at the end of the year.
VINtek reached a milestone when it signed its 3,000th lender to its automotive collateral management technology and ELT services.
Deere Employees Credit Union has selected VINtek as its provider of automotive collateral management services, including ELT.
VINtek welcomes Akshaya Mehta to its executive team. He will oversee technology and strategic planning.
VINtek will work with Florida and Georgia on new bills that will implement electronic lien and title programs by Jan. 1, 2013.
VINtek will manage automotive collateral and electronic lien and titling for Navy Army Federal Credit Union’s more than 90,000 members through the VINtekTIME platform.
VINtek has signed its 2,500th customer for its VINtekTIME cloud-based automotive collateral management technology.
Under the new bill, the Texas Department of Motor Vehicles will join states like Arizona and California in transitioning to electronic lien and titling. The move is expected to reduce costs and eliminate the state’s exposure to fraud.
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