M&A Deal Summary

Quorum Information Technologies Acquires VINN

On June 27, 2023, Quorum Information Technologies acquired internet software and services company VINN

Acquisition Highlights
  • This is Quorum Information Technologies’ 1st transaction in the Internet Software and Services sector.
  • This is Quorum Information Technologies’ 2nd transaction in Canada.
  • This is Quorum Information Technologies’ 1st transaction in British Columbia.

M&A Deal Summary

Date 2023-06-27
Target VINN
Sector Internet Software and Services
Buyer(s) Quorum Information Technologies
Deal Type Add-on Acquisition

Target

VINN

Victoria, British Columbia, Canada
VINN is an automotive marketplace that streamlines the vehicle research and purchase process for vehicle shoppers while helping retailers sell more efficiently. The company provides a concierge service that assists consumers through the complex vehicle sales process. VINN is based in Victoria, British Columbia.

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Buyer(S) 1

Buyer

Quorum Information Technologies

Calgary, Alberta, Canada

Category Company
Sector Software
Revenue 40M CAD (2024)
DESCRIPTION

Quorum Information Technologies is a North American company focused on developing, marketing, implementing, and supporting its portfolio of software and services for automotive dealerships that include: Its Dealership Management System (DMS) automates, integrates, and streamlines key processes across departments in a dealership, and emphasizes revenue generation and customer satisfaction. Quorum Information Technologies is based in Calgary, Alberta.


DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: British Columbia M&A 1 of 1
Country: Canada M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-10 Accessible Accessories

Medicine Hat, Alberta, Canada

Accessible Accessories develops, implements, and supports its web-based platform that allows franchised dealerships to sell accessories more effectively. Accessible Accessories was founded in 2003 and is based in Medicine Hat, Alberta.

Buy $5M