Quorum Announces Acquisition of VINN Automotive Technologies Limited

June 27, 2023

CALGARY, Alberta, June 27, 2023 (GLOBE NEWSWIRE) — Quorum Information Technologies Inc. (TSX-V: QIS) (OTC Pink: QIFTF) (“Quorum”), a North American SaaS Software and Services company providing essential enterprise solutions that automotive dealerships and Original Equipment Manufacturers (“OEMs”) rely on for their operations, is pleased to announce that it has closed the arms-length acquisition (the “Transaction”) of VINN Automotive Technologies Limited (“VINN”) – New & Used Cars for Sale | VINN. VINN is Quorum’s fifth acquisition in six years and marks another step forward in Quorum’s strategy to be a full-service provider to automotive dealerships.

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