Quorum Information Technologies Inc. Secures $60M Strategic Investment

Quorum Information Technologies Inc. has secured $60,000,000 in new investment capital from investors. This significant funding round marks a pivotal moment for the company as it continues to advance its offerings in the automotive technology sector. The company specializes in providing innovative and robust software technology solutions and services tailored for traditional and electric vehicle dealerships and Original Equipment Manufacturers (OEMs) across North America. Quorum’s comprehensive suite of software includes enterprise resource planning (ERP), customer relationship management (CRM), digital retailing (DR), enterprise reporting and analytics, and other key integrated solutions. These technologies are designed to address major operational challenges and deliver escalating synergy and value to Quorum’s diverse customer base. The $60,000,000 in investment capital underscores strong investor confidence in Quorum’s proven technology and its strategic position within the rapidly evolving automotive industry. Quorum plans to use the newly raised funds to fuel its strategic growth initiatives, which are expected to include accelerating product development, expanding its market presence throughout North America, and enhancing its capabilities to support current and future customer demands. This investment positions Quorum Information Technologies Inc. for continued expansion and innovation. The company anticipates that this capital will enable it to further solidify its leadership in providing essential software solutions that empower dealerships and OEMs to thrive in an increasingly digital and competitive landscape. Quorum is set to continue its trajectory of growth, driving value for its customers and stakeholders alike.