Quorum Information Technologies Inc. announced that it has signed a definitive agreement to sell its Advantage Complete Dealership Management System (DMS) software to the Vitali Auto Group. Highlights of the sale and wind down: Sale of software and grant back license agreement for a nominal fee, Reduction in SaaS revenue from independent dealers of $0.1 million annually and Reduction in expenses of $0.2 million annually.
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5-day change | 1st Jan Change | ||
0.77 CAD | +1.32% | +5.48% | +24.19% |
Quarterly revenue - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+24.19% | 40.97M | |
-19.65% | 177B | |
-2.39% | 159B | |
+0.29% | 153B | |
+4.08% | 100B | |
+10.03% | 81.1B | |
+20.08% | 75.87B | |
-8.88% | 69.81B | |
-31.12% | 45.59B | |
-10.34% | 42.96B |
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- Quorum Information Technologies Inc. Signs a Definitive Agreement to Sell its Advantage Complete Dealership Management System Software to the Vitali Auto Group