Quorum Information Technologies Exits Public Markets Following Valsoft Corporation Acquisition

2025-12-31 09:28:39

Quorum Information Technologies Inc., a provider of enterprise software solutions for the North American automotive sector, will cease trading on the TSX Venture Exchange (TSX-V: QIS) following the completion of its acquisition by Valsoft Corporation. The delisting takes effect December 18, 2025, marking the conclusion of a previously announced statutory arrangement.

Deal Details and Timeline

The transaction, which closed on December 10, 2025, saw 2745122 Alberta Inc.—an affiliate of Valsoft Corporation—acquire all outstanding common shares of Quorum at $0.80 per share in an all-cash transaction. As a result of this completion, Quorum is now wholly owned by the Purchaser under the Valsoft Corporation umbrella. The company will pursue cessation of reporting issuer status across all applicable Canadian jurisdictions at the earliest permitted opportunity.

Comprehensive Product Portfolio

Quorum operates as a North American SaaS provider delivering mission-critical software and services to automotive dealerships and Original Equipment Manufacturers. Its product suite includes:

Dealership Management System (DMS) — An integrated platform automating core dealership processes while prioritizing revenue generation and customer satisfaction metrics.

DealerMine CRM — A sales and service customer relationship management system complemented by Business Development Centre services designed to drive revenue across dealership departments.

Autovance — A digital retailing platform enabling dealerships to expand customer reach, enhance profit margins through desking tools, and optimize Customer Satisfaction Index performance via F&I menu capabilities.

Accessible Accessories — A digital channel allowing franchised dealerships to systematically increase vehicle accessories revenue streams.

VINN Automotive — An automotive marketplace streamlining vehicle research and purchase processes while enabling retailers to optimize sales efficiency.

Shareholder Actions and Next Steps

Registered shareholders who have not yet submitted their share certificates or DRS advices should do so in accordance with instructions contained in the Letter of Transmittal, with documentation available through SEDAR+ under Quorum’s issuer profile at www.sedarplus.ca.

Upon delisting effectiveness, Quorum’s common shares will no longer trade on any Canadian marketplace. Complete transaction details are documented in the management information circular dated October 22, 2025, accessible via SEDAR+ under the company’s profile.

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