News

Number of news items returned: 181 to 200 records of 411

23rd Annual AustCham Westpac Australia-China Business Awards Winners Announced

14 April 2016

(12166 views)

"Shanghai: 14th April - The AustCham Westpac Australia-China Business Awards Gala Dinner last night recognised Australian and Chinese businesses in ...

Integrity Compliance Solutions wins US based seafood processing giant Trident Seafood

06 April 2016

(13467 views)

 Integrity Compliance Solutions wins US based seafood processing giant Trident Seafood    "It is an exciting time for Integrity Compliance Systems Limited ...

China Dairy IPO closes following solid demand

05 April 2016

(12490 views)

"China Dairy Corporation Limited (“China Dairy or “the Company”) today announced the successful closure of its ASX IPO following solid ...

BlueMount Capital in Perth has expanded its senior ranks

05 April 2016

(12708 views)

BlueMount Capital in Perth has expanded its senior ranks with the addition of Patrick Kedemos as Managing Partner and James ...

Everything you need to know about Building-integrated photovoltaics

30 March 2016

(11750 views)

"...But while major installations might be few and far between, there are some exciting developments in design and innovation. Leading ...

Ocular Robotics: Ocular Technology Applied to Solve Structural Fatigue Testing Limitations, and March a Busy Time for Exhibition of Ocular Products Around the World

23 March 2016

(12610 views)

"Ocular Technology Applied to Solve Structural Fatigue Testing Limitations One of the most exciting features of the OCR business for the ...

ATIC: Sales Team Growing & Marketing ramping up!

23 March 2016

(13793 views)

"  4 full time sales staff, 2 more commencing 4th April 2016. Lead generation has commenced via online and telemarketing. 1 full time ...

Sales Team Growing & Marketing Ramping Up!

23 March 2016

(14002 views)

" Australian Trading and Investment Corporation update SALES TEAM GROWING & MARKETING RAMPING UP! • 4 full time sales staff, 2 more commencing ...

appee to be used by Jean Hailes for Women's Health

18 March 2016

(11772 views)

" Appee Ltd is please to announce more great news – The Jean Hailes for Women’s Health Foundation will be using ...

KOEL India and BioCubeā„¢ Corporation Ratify Manufacturing and Distribution agreement

14 March 2016

(13307 views)

On March 9th 2016, the Board of Directors of Kirloskar Oil Engines Limited (KOEL) ratified a license agreement proposed between ...

Early Successes For Our Clients in 2016 - Funding Strategies Connect March 2016

11 March 2016

(12705 views)

 Early Successes For Our Clients in 2016 - Funding Strategies Connect March 2016 Dear Readers, I have great progress to report for ...

Canada's Prime Minister Visits the BioCube

08 March 2016

(12585 views)

 "Justin Trudeau, Prime Minister of Canada visits the BioCube™ The BioCube Corporation was delighted to have The Right Honourable Justin Trudeau, ...

BlueMount Capital: Finalist of the 23rd Annual Australia-China Business Awards

08 March 2016

(12358 views)

  "23rd Annual Australia-China Business Awards Finalists Announced Shanghai: 8th March – The AustCham Westpac Australia-China Business Awards has received a record-breaking ...

Uchoose continues path of growth and operational expansion, establishes new and exciting line of business and welcomes leading industry authority to advisory role.

04 March 2016

(13733 views)

"Uchoose again confirms its trajectory of growth with the favourable half yearly results being underpinned by some exciting developments in ...

Appee Ltd Announcement

04 March 2016

(12397 views)

"Appee Ltd has drawn international attention by signing its first USA customer - Automobile Club of Southern California (a member ...

50% month-on-month revenue growth, expanding team and China

29 February 2016

(13539 views)

"Squirel Ltd (“Squirel” or the “Company”) is pleased to announce the appointment of Fiona Hong a senior financial services professional ...

Australian Trading & Investment Corporation Ltd Announcement

23 February 2016

(14658 views)

"... Foundation ready for growth New Sales Manager appointed   ...Additional expenditure has been focused on expansion. We have secured premises in the CBD ...

Appee new 2016!

19 February 2016

(13260 views)

"2015 was a year of firsts for appee. From our first beta release of the appee product and website, to ...

Ocular Robotics Appoints US Based Leading Global Supplier of Autonomy Components as Distribution Partner

18 February 2016

(12742 views)

"AutonomouStuff the leading supplier of components to the rapidly growing autonomy sector has been appointed as an Ocular Robotics distributor ...

BioCube commissions machine in Congo for Palm Oil conversion to Biodiesel

30 January 2016

(13730 views)

"The BioCube Corporation (BC) has successfully commissioned a BioCube 250 for Feronia Inc at its Yaligimba Palm Oil plantation in the ...

Market Review: Dealer Trade vs TradeRev

14 May 18

 

"Market Review: Dealer Trade vs TradeRev

 

A key question which we are always asked is: How do we quantify the value of the Dealer Trade concept? Given this, we thought is may prove useful to you to examine a similar online auctioning model being run in North America.

TradeRev is a product originating in Canada which shares many similar qualities to Dealer Trade – being an app based, dealer to dealer vehicle auction platform.

TradeRev and its parent, KAR Auction Services Inc. (NASDAQ:KAR) released the following press release in October 2017:

KAR Goes All In on Digital – Acquires Remaining Interest in TradeRev Mobile App Auction Platform

Disruptive Technology Strengthens Company’s Digital Foundation and Accelerates Growth in Broad Dealer-to-Dealer Marketplace

October 03, 2017 09:15 ET | Source: KAR Auction Services, Inc.

“CARMEL, Ind., Oct. 03, 2017 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE:KAR), has acquired the remaining interest in Nth Gen Software Inc. (“TradeRev”), a mobile app and desktop solution that facilitates real-time dealer-to-dealer vehicle auctions. KAR purchased a 50 percent stake in TradeRev in 2014 and acquired the remaining interest today for $50 million in cash and an additional $75 million over the next four years contingent on certain terms and conditions including TradeRev performance. TradeRev brings industry-leading mobile and digital technology to KAR’s portfolio of 250 whole car and salvage auctions, floorplan financing solutions, and other ancillary and related services. KAR will further integrate those capabilities into TradeRev to expand its digital business and strengthen its share in the dealer-to-dealer market (US) representing over 10 million annual transactions.”

TradeRev’s acquisition implies a valuation for its software at up to USD250 Million.

http://karauctionservices.com/kar-goes-all-in-on-digital-acquires-remaining-interest-in-traderev-mobile-app-auction-platform/

http://www.autonews.com/article/20171003/RETAIL04/171009919/adesa-parent-kar-auction-services-buys-rest-of-traderev

This transaction reflects the global, technology driven shift reverberating in wholesale vehicle remarketing in which Dealer Trade is at the forefront in Australia and the United Kingdom, with almost half of all Australian dealerships and over 1,500 UK dealerships registered on our platform.

We hope this proves informative you in providing some context surrounding our valuation processes and methodologies."

Jarrod Sierocki, Managing Chairman, Dealer Trade Holdings Limited, 14 May 2018.

For more information about Dealer Trade, please click here