LAKE SUCCESS, N.Y.–(BUSINESS WIRE)–Expanding its U.S. attendance in the online allotment and titling marketplace, Dealertrack Technologies (Nasdaq: TRAK) today appear that it has entered into an acceding to access Casey & Casey NPS, Inc. (d/b/a Auto Appellation Express), Louisiana’s aboriginal cyberbanking accessible authorization tag agency, and the better provider of cyberbanking agent registration, affirmation and appellation services, amid added accompanying services, in the state. Absolute appliance for the transaction is accepted to be $21.2 actor in cash, accountable to accepted acquirement amount adjustments.
Established in 1957, Casey & Casey has developed from a baby Louisiana agent appointment confined bounded car dealerships to a above technology innovator and apostle for the state’s use of online allotment and titling. In addition, the aggregation offers a cardinal of processing services, including cyberbanking registration, affirmation and titling services, VIN lookup, acting tags, Fast Appellation and the issuance, face-lifting and alteration of authorization plates.
According to Mark Furcolo, accumulation president, Lender Solutions, Dealertrack, “The Casey & Casey aggregation has been active in creating and architecture the online agent allotment and titling bazaar in Louisiana. This accretion will strengthen our cyberbanking processing attendance in the Southern U.S., and added demonstrates the beyond and capabilities of our online registration, affirmation and titling services. Additionally, it will additionally added aggrandize our relationships with dealers and lenders in the state.”
Upon the abutting of the acquisition, Casey & Casey will become allotment of Dealertrack’s Lender Solutions Group, a artefact apartment that includes allotment and titling, accessory administering and agenda certificate solutions. Dealertrack’s allotment and titling solutions are actuality acclimated in states that acquiesce for cyberbanking agent allotment including California, Connecticut, Georgia, Illinois, Indiana, Maryland, Massachusetts, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Virginia and Wisconsin. Dealertrack additionally supports cross-state agent allotment in all 50 states through the use of its web-based RegUSA tool, and is a provider alms the administering and administering of cyberbanking liens in anniversary of the accepted 18 acceptable states.
“The online processing of agent registration, titles and liens has grown, and there are still opportunities for expansion,” said Dan Casey, admiral and arch controlling officer, Casey & Casey, and who will abide allotment of the Dealertrack Lender Solutions administering aggregation afterwards the abutting of the acquisition. “As allotment of Dealertrack, we now accept the assets to advice beforehand online agent processing in the accompaniment of Louisiana.”
The transaction is accepted to abutting in the additional division of 2013.
About Casey & Casey (www.autotitle.com)
Headquartered in Metairie, Louisiana, Casey & Casey has a absolute of seven bounded account offices beyond the accompaniment including locations in Shreveport, Monroe, Alexandria, Baton Rouge, Lafayette and Houma.
About Dealertrack Technologies (www.dealertrack.com)
Dealertrack Technologies’ automatic and high-value web-based software solutions and casework enhance ability and advantage for all above segments of the automotive retail industry, including dealers, lenders, OEMs, third-party retailers, agents and aftermarket providers. In accession to the industry’s better online acclaim appliance network, abutting added than 19,000 dealers with added than 1,200 lenders, Dealertrack Technologies delivers the industry’s best absolute band-aid set for automotive retailers, including Dealer Administering System (DMS), Inventory, Sales and F&I, Interactive and Allotment and Titling solutions.
Safe Harbor for Forward-Looking and Cautionary Statements
Statements in this columnist absolution apropos the allowances of the approaching accretion of Casey & Casey, including deepening our cyberbanking processing attendance in the Southern U.S. and accretion our relationships with dealers and lenders in the accompaniment of Louisiana and all added statements in this absolution added than the address of absolute facts are advanced statements (as authentic in the Private Securities Litigation Reform Act of 1995). These statements absorb a cardinal of risks, uncertainties and added factors that could account absolute results, achievement or achievements of Dealertrack Technologies to be materially altered from any approaching results, achievement or achievements bidding or adumbrated by these advanced statements.
Factors that ability account such a aberration accommodate the achievement of the accretion of Casey & Casey, the aggregation affair its banking goals, and added risks listed in our letters filed with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K for the year catastrophe December 31, 2011. These filings can be begin on Dealertrack Technologies’ website at www.dealertrack.com and the SEC’s website at www.sec.gov. Advanced statements included herein allege alone as of the date hereof and Dealertrack Technologies disclaims any obligation to alter or amend such statements to reflect contest or affairs afterwards the date hereof or to reflect the accident of hasty contest or circumstances.
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