Press Release
IAA Receives Prestigious IDG’s CIO 100 Award
Published August 23, 2019 - Written by IAA, Inc
WESTCHESTER, Ill. – August 23, 2019 – IAA, Inc. (NYSE: IAA), a leading global marketplace connecting vehicle buyers and sellers, announced that it is a recipient of the CIO 100 award for 2019. IAA received the award in recognition of its innovative CoreTrack™, their workflow automation and document management system.
IAA’s vehicle title services are a key offering to its insurance carrier customers. CoreTrack™ grew out of building an internal management system for the company’s IAA Title Procurement and IAA Title Solutions products. The system is designed to provide transparency, track and automate tasks. As a result, CoreTrack™ enables clients to allocate more time to customer-facing responsibilities.
“It is an honor to be selected for this significant recognition,” said John Kett, Chief Executive Officer and President of IAA. “Our company’s strategy is focused on cultivating innovation to meet the evolving needs of our customers. CoreTrack™ is a great example of how we can increase revenue, decrease costs, and drive greater efficiency for our customers through technology. It is one of nearly 50 new products we have launched since 2010 with many more in our pipeline.”
The annual CIO 100 Awards celebrate 100 organizations that are using IT in innovative ways to deliver business value, whether by creating competitive advantage, optimizing business processes, enabling growth or improving relationships with customers. It is an acknowledged mark of enterprise excellence in business technology awarded to IT organizations for driving business value through technology innovation.
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ICR
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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.
