PORTLAND, Ore., April 22, 2008 (PRIME NEWSWIRE) -- Chrome Systems(r), Inc., a subsidiary of DealerTrack Holdings, Inc. (Nasdaq:TRAK) and an industry leader in collecting, enhancing and distributing best-in-class automotive data, today announced that JMsolutions has signed a multi-year, multi-tiered contract to use Chrome's vehicle description data and Web services to enhance its dealer technology solutions.
Serving more than 2,500 U.S. auto dealers, JMsolutions is using Chrome's data and VIN Web services (including Chrome Construct and Automotive Description Service), to standardize vehicle descriptions throughout its product lines. JMsolutions will be able to achieve greater data standardization across all of its three-suites of products: AAX(tm) inventory management, CMX(tm) customer management, and SMX(tm) sales and service marketing. Dealers will benefit from more in-depth analytics and increased ease-of-use.
"This agreement will be of great benefit to our dealers," said Tim Zierden, Assistant Vice President and General Manager, Software Solutions at JMsolutions. "Chrome's ability to provide Web-based delivery of VIN decoding and configuration, as well as pricing data, allows us to provide consistent data between our solutions, reduce costs and speed up our development cycle."
Peter Batten, General Manager of Chrome Systems, said, "JMsolutions' goal of integrating its entire solution set to enhance dealer efficiency is exactly in line with dealers' needs in today's challenging environment. We are delighted that Chrome's data and services are able to play such a key role in helping to achieve that goal, and we look forward to a long relationship with JMsolutions."
Chrome's multifaceted solution starts with VIN decoding or configuration, which can then be enhanced with vehicle images, reviews and/or videos. In addition, it features links to popular valuation guides, such as ALG, Black Book and NADA.
As part of the agreement, JMsolutions has become an authorized reseller of Chrome's Carbook Fleet Edition to its dealer customers. The agreement also expands further the relationship between DealerTrack and JMsolutions, which announced last month that they would integrate their SalesMaker(tm) (desking) and DealerUps(tm) (CRM) solutions, respectively, to help streamline dealer workflows.
About JMsolutions
A JM Family Enterprises, Inc. (www.jmfamily.com) company, JMsolutions (www.jmfe-jmsolutions.com) develops and markets innovative, integrated software systems that help automotive dealers improve operational efficiencies throughout the entire sales and marketing process while maximizing sales. JMsolutions offers its AAX(tm) inventory management suite; CMX(tm) customer management suite which includes DealerUps(tm) customer relationship management, ProCal(tm) desking, ProFi(tm) finance and insurance menu; and SMX(tm) sales and service marketing suite by DMEautomotive. 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.
About Chrome (www.chrome.com)
Chrome provides vehicle content, software, technology and services to deliver complete enterprise solutions to all segments of the automotive retail industry. Chrome pioneered the technology behind electronic vehicle configuration with the introduction of PC Carbook(r), and since 1986 has collected, analyzed and enhanced "raw" automotive data from all manufacturers. Chrome Systems, Inc. is a subsidiary of DealerTrack Data Services, Inc., a DealerTrack Holdings, Inc. company (Nasdaq:TRAK).
Safe Harbor for Forward-Looking and Cautionary Statements
Statements in this press release regarding the benefits of Chrome's Automotive Description Service, VIN decoding web service, New Vehicle Data, and dynamic vehicle images 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 Holdings, Inc. 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: selling additional products and services to existing and new customers; Chrome's success in expanding its customer base and product and service offerings; and other risks listed in DealerTrack's reports filed with the SEC, including its 2007 Form 10-K. These filings can be found on DealerTrack's website at www.dealertrack.com and the SEC's website at www.sec.gov. Forward-looking statements included herein speak only as of the date hereof and DealerTrack disclaims 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.
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