KAR group of companies honored for ground-breaking technology initiatives
CARMEL, Ind., June 21, 2016—Carmel, Ind.-based KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, announced today it has received the CIO 100 Award for driving business value through IT innovation. Gary Watkins, CIO of IT Shared Services for KAR Auction Services, made the announcement.
The CIO 100 Award honors 100 organizations that are driving business results through IT innovation. KAR was recognized for its focus on developing and implementing technology initiatives that enable the company to unite its different entities and their systems, identify and leverage synergies to strengthen and improve operations across the enterprise, carefully track millions of units across multiple geographic regions, and provide complete transparency and best-in-class service to clients. In its 29th year, winners of the award will be recognized on August 14-16 at a gala awards dinner and ceremony at the CIO 100 Symposium.
“Developing and implementing technology to better serve our clients, as well as our organization, plays a critical role in the business decisions and company innovation throughout our entire group of companies. KAR has worked tirelessly to build and support a multifaceted team of top tech talent to accomplish this,” said Watkins. “We are honored to receive this prestigious technology award that further signifies the tremendous progress our team has made in creating business value through technology innovation.”
This award win comes on the heels of TradeRev being named a Gold winner in the Network Products Guide’s Annual 2016 IT World Awards in the Hot Technologies category, which honors superior technology service solutions across the globe. TradeRev, which is 50 percent owned by KAR Auction Services’ business unit, ADESA, was recognized for its revolutionary appraisal and remarketing system that has gained significant traction in North America.
About KAR Auction Services
KAR Auction Services, Inc. (NYSE: KAR), a FORTUNE® 1000 company, operates worldwide vehicle auction services and provides related services. Based in Carmel, Indiana, the KAR group of companies is comprised of ADESA, Inc. (ADESA), Insurance Auto Auctions, Inc. (IAA), Automotive Finance Corporation (AFC), and additional business units, with approximately 17,000 employees and 300 locations. Together, KAR’s complementary businesses provide support, technology and logistics for the used vehicle industry. For more information, visit karauctionservices.com.
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