LAKE SUCCESS, N.Y., Feb. 9 /PRNewswire-FirstCall/ -- DealerTrack, Inc., a subsidiary of DealerTrack Holdings, Inc. , a leading provider of on-demand software and data solutions for the U.S. automotive retail industry, today announced that it has signed a contract with JMsolutions, which delivers integrated Web-based automotive products and services. The agreement provides for integration between DealerTrack's SalesMaker(TM) desking solution and JMsolutions' DealerUps(TM) customer relationship management (CRM) tool, which will benefit customers of both companies by enabling them to seamlessly transfer deal data between DealerUps and SalesMaker without re-entering it, streamlining dealer workflows and enhancing productivity.
"We are very pleased to announce this agreement with JMsolutions, which underscores our strong commitment to an 'open' environment that supports dealers' technology needs," said Mark O'Neil, chairman and chief executive officer of DealerTrack. "Although we compete with JMsolutions in some areas, we know that dealers using SalesMaker stand to realize significant efficiency gains by integrating with DealerUps, one of the industry's leading CRM solutions -- which ultimately will enhance the appeal of SalesMaker in the marketplace."
DealerTrack's SalesMaker is a desking and special finance system that enables dealers to quickly structure the most profitable retail, lease and special finance deals and identify the best vehicles for any customer. SalesMaker provides the industry's most accurate and up-to-date information on available retail rates and lease terms, and is fully integrated with the DealerTrack credit application network and its other solutions spanning the dealership sales and finance process.
JMsolutions' DealerUps CRM solution enables dealers to track all current and prospective customers, capturing lost opportunities and providing a single view of customers and prospects. By tracking key business metrics, dealers are able to convert more leads into prospects and more prospects into appointments, as well as increase closing ratios and receive better returns on their marketing efforts. DealerUps is part of JMsolutions' new CMX(TM) Customer Management suite that provides dealers with tailored CRM solutions and sales process improvement applications.
"Enabling our DealerUps customers to integrate easily and seamlessly with DealerTrack's SalesMaker is a win-win for both companies and our dealer customers," said Scott Barrett, president, JMsolutions. "Dealers will see concrete benefits in terms of improved workflow and usability between our two market-leading systems. In connection with this agreement, we also have selected DealerTrack's SalesMaker as a preferred full-functioned desking solution for our customers and plan to promote it aggressively alongside our own products."
About DealerTrack (http://www.dealertrack.com/)
DealerTrack Holdings, Inc. is a leading provider of on- demand software and data solutions for the U.S. automotive retail industry. Our solutions enable dealers to receive consumer leads, submit credit applications, compare financing and leasing options, sell insurance, vehicle accessories and other aftermarket products, document compliance, and execute financing contracts electronically. In addition, the DealerTrack Arkona DMS (dealer management system) is used by dealerships nationwide. Over 22,000 dealers, 500 financing sources, and many other service and information providers are active in the DealerTrack network. For more information, visit http://www.dealertrack.com/.
About JMsolutions (http://www.jmfamily.com/)
A JM Family Enterprises, Inc. (http://www.jmfamily.com/) company, JMsolutions (http://www.jmfe-jmsolutions.com/) develops and markets innovative, integrated software systems that help automotive dealers improve operational efficiencies throughout the entire sales process while maximizing sales. JMsolutions focuses on customer relationship management, dealer desking, finance and insurance menus, new and used car inventory management and reporting solutions. It also provides dealers with related training and consulting services. JMsolutions serves over 2,500 dealership clients nationwide, including the nation's top six dealer groups. Headquartered in Deerfield Beach, Fla., JMsolutions has major operations in Dallas, Texas.
Safe Harbor for Forward-Looking and Cautionary Statements
Statements in this press release regarding the benefits of the integration of SalesMaker and DealerUps, the benefits and features of SalesMaker, and all other statements in this release other than the recitation of historical facts are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995). These statements involve a number of risks, uncertainties and other factors that could cause actual results, performance or achievements of DealerTrack to be materially different from any future results, performance or achievements expressed or implied by these forward- looking statements. Factors that might cause such a difference include: increased competitive pressure from other industry participants, the inability to execute any element of DealerTrack's business strategy, including the retention of dealers and financing source customers; selling additional products and services to existing and new customers; success in expanding our customer base and product and service offerings and integrating acquisitions; and other risks listed in our reports filed with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2006. These filings can be found at http://www.dealertrack.com/ and the SEC's website at http://www.sec.gov/. Forward- looking statements included herein speak only as of the date hereof and we disclaim any obligation to revise or update such statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events or circumstances.
TRAK-G
Contacts:
Raphael Carty
DealerTrack
(516) 734-3777
