Press Release
IAA Launches Buyer App For Apple Watch™
Published June 18, 2015 - Written by IAA, Inc
WESTCHESTER, Ill., June 18, 2015 — Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE: KAR), and the leading live and live-online salvage auto auction company, today announced the launch of the IAA Buyer Watch App, an application customized for the Apple Watch, that enables buyers to view the status of their vehicles in the bidding process through notifications on their wrists. The first app of its kind to be adapted for wearable technology, the IAA Buyer Watch App gives buyers a quick graphical view of the status of their vehicles during the Watch and Pre-bid portions of the bidding process without having to use their mobile phones.
“IAA is proud to be the first to market for smart wearable device technology in the salvage industry,” said John Kett, CEO and president, IAA. “We have built a culture that encourages the development of innovation at an accelerated pace to be responsive to our buyers’ needs. IAA’s speed of delivery continues to improve as a result of our teams embracing agility as a philosophy, allowing us to stay ahead of the digital transformation in the business.
In addition to offering a best-in-class buyer experience for customers, the IAA Buyer Watch App adds a critical element of time saving for buyers. The watch interface shows buyers a summary of their Watch/Pre-bid vehicles and the total vehicles on their lists that are at auction on that particular day. The IAA Buyer Watch App is free for download from the Apple Watch App StoreSM.
A video demonstration of the IAA Buyer Watch App can be seen here.
Media Inquiries:
Jeanene O’Brien SVP, Global Marketing and Communications
(708) 492-7328
Analyst Inquiries:
Caitlin Churchill
ICR
(203) 682-8200
About IAA, Inc.
IAA, Inc. (NYSE: IAA) is a leading global marketplace connecting vehicle buyers and sellers. Leveraging leading-edge technology and focusing on innovation, IAA’s unique multi-channel platform processes more than 2.5 million vehicles annually. Headquartered near Chicago, IL, IAA has over 3,600 talented employees and over 190 facilities throughout the US, Canada and the United Kingdom. IAA provides a broad range of services to insurers, fleet and rental companies, rebuilders, charity organizations and financing companies that dramatically reduce the cycle time of selling a vehicle with a focus on delivering the highest economic returns. Buyers have access to the industry’s most-innovative vehicle evaluation and digital bidding tools, enhancing the overall purchasing experience.
Uncertainties Affecting Forward-Looking Statements
Certain statements contained in this release include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and which are subject to certain risks, trends and uncertainties. In particular, statements made that are not historical facts may be forward-looking statements. Words such as “should,” “may,” “will,” “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” and similar expressions identify forward-looking statements. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from the results projected, expressed or implied by these forward-looking statements. Such forward-looking statements include the statements regarding IAA’s future financial and operating performance, benefits and synergies of the separation, strategic and competitive advantages, future opportunities and any other statements regarding events or developments that IAA believes or anticipates will or may occur in the future. We disclaim any obligation or undertaking to update any forward-looking statements. For further discussion of such risks and uncertainties, see “Information Statement Summary,” “Risk Factors” and “Cautionary Statement Concerning Forward-Looking Statements” in the information statement filed as an exhibit to IAA’s Registration Statement on Form 10, as amended.
