Quorum Information Technologies Inc. (TSXV:QIS)

Quorum Information Technologies Inc. is a software technology company that operates in the IT sector. Quorum innovates, develops, and commercializes technological product solutions and related services in North America.

Quorum Information Technologies Inc. is listed on the Toronto Venture Stock Exchange, with its stocks trading under the QIS ticker. The Calgary-based tech company’s services include digital retailing, desking, an F&I menu, sales client relationship management, service client relationship management, a business development center, online service scheduling, a dealership management system, Communicator, Power Lane, Q Analytics, and an independent dealership management system.

Quorum Information Technologies provides various software solutions and services for automotive dealerships, including Original Equipment Manufacturers and conventional and electric vehicles, under four different brands across the US and Canada:

• Autovance provides fully integrated software solutions, including online retail services, desking, and F&I menu solutions.

• DealerMine CRM aids sales and service departments by offering business development solutions and client services to generate revenue in a dealership.

• XSellerator is a fully integrated dealership management system that automates and highlights the crucial processes throughout various departments to enhance customer satisfaction and increase revenue. It offers a sales performance pack, service performance pack, the Communicator, Power Lane and analytics services.

• Advantage offers a complete showroom system for independent dealers and franchised dealers along with accounting, client relationship management, F&I menu, lease management and Qleads solutions to advance the operations.

On June 28, 2021, Quorum Information Technologies Inc. partnered with O’Regan’s Automotive Group, a Nova Scotia-based automotive company. O’Regan selected the XSellerator Dealership Management System and associated product solutions by Quorum as its key dealership management system software.

In a press release dated July 6, 2021, Quorum Information Technologies Inc. received funds up to C$724,746 to consolidate dealership data of the company and extend machine learning capabilities for the development and advancement of the company’s digital dealership software applications. In addition to the funds, the National Research Council of Canada Industrial Research Assistance Program gave advisory services to support the machine learning project.