About Quorum Information Technologies
Quorum Information Technologies is a company based in Calgary (Canada) founded in 1996.. Quorum Information Technologies has completed 3 acquisitions, including Autovance, DealerMine and Oasis Auto Complete Systems. Quorum Information Technologies offers products and services including Quorum DMS, QAnalytics, Communicator, Fixed Operations, and Variable Operations. Quorum Information Technologies operates in a competitive market with competitors including Upstart, Reynolds and Reynolds, Tekion, CDK Global and Seez, among others.
- Headquarter Calgary, Canada
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Quorum Information Technologies Inc.
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Annual Revenue
$27.77 M (USD)-0.77as on Dec 31, 2024
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Net Profit
$1.77 M (USD)988.25as on Dec 31, 2024
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EBITDA
$5.7 M (USD)25.24as on Dec 31, 2024
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Latest Funding Round
$272.25 K (USD), Grant
Jan 29, 2020
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Investors
National Research Council Canada
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
Autovance
& 2 more
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IPO & Listings of Quorum Information Technologies
Quorum Information Technologies is a publicly listed company on the TSXV with ticker symbol QIS in Canada, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Quorum Information Technologies
Quorum Information Technologies offers a comprehensive portfolio of products and services, including Quorum DMS, QAnalytics, Communicator, Fixed Operations, and Variable Operations. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for streamlining dealership processes and operations.
Provides real-time metrics for informed business decisions.
Automates messaging between staff and customers.
Digital solutions for service and parts management.
Enhances leads and sales through digital retailing.
Funding Insights of Quorum Information Technologies
- Total Funding Total Funding
- Total Rounds 7
- Last Round Grant — $272,245
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First Round
First Round
(11 Dec 2015)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Grant - Quorum Information Technologies | Valuation |
investors |
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| Oct, 2019 | Amount | Post-IPO - Quorum Information Technologies | Valuation |
investors |
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| Mar, 2019 | Amount | Debt – Conventional - Quorum Information Technologies | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Quorum Information Technologies
Quorum Information Technologies has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include National Research Council Canada, BDC and Government of Newfoundland and Labrador. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Scientific and technological research is conducted for Canada's benefit.
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Founded Year | Domain | Location | |
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Commercial banking services for small and medium-sized enterprises are provided.
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Founded Year | Domain | Location | |
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Government services are provided by the Newfoundland and Labrador administration.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Quorum Information Technologies
Quorum Information Technologies has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Autovance, DealerMine and Oasis Auto Complete Systems. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Web-based desking software is provided for auto dealerships.
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2010 | ||||
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Cloud-based CRM platform for auto dealerships is provided.
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1999 | ||||
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SaaS-based dealership management system offered for auto retailers.
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1990 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Quorum Information Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Quorum Information Technologies Comparisons
Competitors of Quorum Information Technologies
Quorum Information Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Upstart, Reynolds and Reynolds, Tekion, CDK Global and Seez, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Diversified loans are provided via an AI-enabled online marketplace.
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| domain | founded_year | HQ Location |
Software and services for automotive dealership retailing are provided.
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| domain | founded_year | HQ Location |
AI and cloud-driven systems for auto dealership management are provided.
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| domain | founded_year | HQ Location |
Cloud-driven management systems for auto dealerships are provided.
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| domain | founded_year | HQ Location |
Developer of an online P2P marketplace for used cars
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| domain | founded_year | HQ Location |
Dealership management solutions are provided for automotive dealers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Quorum Information Technologies
Frequently Asked Questions about Quorum Information Technologies
When was Quorum Information Technologies founded?
Quorum Information Technologies was founded in 1996 and raised its 1st funding round 19 years after it was founded.
Where is Quorum Information Technologies located?
Quorum Information Technologies is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
What is the annual revenue of Quorum Information Technologies?
Annual revenue of Quorum Information Technologies is $27.77M as on Dec 31, 2024.
What does Quorum Information Technologies do?
Quorum Information Technologies was founded in 1996 in Calgary, Canada. Dealer management solutions are offered by the company within the automotive sector. An integrated software suite called XSellerator is provided, which handles customer management and streamlines various dealership departments. Collaborations with original equipment manufacturers are maintained to enable integrations between auto manufacturers and dealer systems.
Who are the top competitors of Quorum Information Technologies?
Quorum Information Technologies's top competitors include Upstart, Reynolds and Reynolds and Seez.
What products or services does Quorum Information Technologies offer?
Quorum Information Technologies offers Quorum DMS, QAnalytics, Communicator, Fixed Operations, and Variable Operations.
Is Quorum Information Technologies publicly traded?
Yes, Quorum Information Technologies is publicly traded on TSXV under the ticker symbol QIS.
How many acquisitions has Quorum Information Technologies made?
Quorum Information Technologies has made 3 acquisitions, including Autovance, DealerMine, and Oasis Auto Complete Systems.
Who are Quorum Information Technologies's investors?
Quorum Information Technologies has 3 investors. Key investors include National Research Council Canada, BDC, and Government of Newfoundland and Labrador.
What is Quorum Information Technologies's ticker symbol?
The ticker symbol of Quorum Information Technologies is QIS on TSXV.
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