Core Viewpoint - Quorum Information Technologies Inc. will be delisted from the TSX Venture Exchange effective December 18, 2025, following its acquisition by 2745122 Alberta Inc. for $0.80 per common share [1][2]. Company Overview - Quorum is a North American SaaS Software and Services company that provides essential enterprise solutions for automotive dealerships and Original Equipment Manufacturers [5]. Delisting Details - The delisting is a result of a statutory plan of arrangement that closed on December 10, 2025, where all outstanding common shares were acquired for cash consideration [2]. - The company will apply to cease being a reporting issuer in all applicable Canadian jurisdictions once legally permitted [3]. Shareholder Instructions - Registered shareholders who have not surrendered their share certificates or DRS advices should follow the instructions in the Letter of Transmittal to receive their entitled consideration [4].

Core Points - Quorum Information Technologies Inc. has completed a statutory plan of arrangement, resulting in the acquisition of all issued and outstanding common shares at a price of $0.80 per share in cash by 2745122 Alberta Inc., an affiliate of Valsoft Corporation Inc. [1] - The company expects to delist its common shares from the TSX Venture Exchange on or about December 10, 2025, pending final approval [2]. Company Overview - Quorum is a North American SaaS software and services company that provides essential enterprise solutions for automotive dealerships and Original Equipment Manufacturers [3]. - The company offers various products, including a Dealership Management System (DMS), DealerMine CRM, Autovance, Accessible Accessories, and VINN Automotive, which enhance dealership operations and customer satisfaction [5].

Core Viewpoint - Quorum Information Technologies Inc. has received shareholder approval for a statutory plan of arrangement with 2745122 Alberta Inc., an affiliate of Valsoft Corporation Inc., indicating a significant corporate restructuring move [1][2][3]. Group 1: Shareholder Approval - A total of 58,584,797 Common Shares were represented at the special meeting, accounting for 79.55% of the issued and outstanding shares [2]. - Approximately 97.65% of the votes cast were in favor of the special resolution approving the arrangement [2]. Group 2: Court Approval and Next Steps - The Court of King's Bench of Alberta has granted a final order approving the arrangement, which is a critical step in the process [3]. - The completion of the arrangement is contingent upon satisfying or waiving remaining conditions outlined in the arrangement agreement dated September 22, 2025, including final approval from the TSX Venture Exchange [3]. Group 3: Company Overview - Quorum Information Technologies Inc. is a North American SaaS company providing essential enterprise solutions for automotive dealerships and Original Equipment Manufacturers [5]. - The company offers a range of products including a Dealership Management System, DealerMine CRM, Autovance, Accessible Accessories, and VINN Automotive, all aimed at enhancing dealership operations and customer satisfaction [5][6].

Core Insights - Quorum Information Technologies Inc. reported its second consecutive quarter of Cash EBITDA growth, with Cash EBITDA increasing from $1.0 million in Q1 to $1.5 million in Q3 2025, reflecting the success of its profitability improvement plan initiated in late Q1 2025 [3][10] - The company achieved 2% organic growth in recurring revenue during Q3 2025 and paid down an additional $0.4 million on its BDC Capital Mezzanine Loan Facility [3] - Quorum announced its acquisition by an affiliate of Valsoft Corporation Inc., with the Purchaser set to acquire all common shares for $0.80 per share, subject to shareholder and court approvals [3][4] Financial Performance - Total revenue for Q3 2025 was $10.0 million, a 1% increase compared to Q3 2024, while SaaS revenue decreased by 1% to $7.2 million [4][10] - BDC revenue increased by 10% to $2.7 million in Q3 2025 compared to the same period last year [4][10] - Gross margin for Q3 2025 was $5.0 million, a 1% increase from Q3 2024, maintaining a gross margin percentage of 50% [4][10] - Net income for Q3 2025 was $313,859, a 60% decrease compared to $788,309 in Q3 2024, while Adjusted EBITDA was $1.9 million, down 14% from the previous year [4][10] - Cash EBITDA for Q3 2025 was $1.5 million, a 1% increase from Q3 2024, with a Cash EBITDA margin of 15% [6][10] Strategic Developments - The acquisition by Valsoft Corporation is expected to provide long-term investment and a collaborative approach, enhancing Quorum's ability to deliver exceptional service [3] - The transaction is anticipated to close in Q4 2025, with Quorum planning to apply for delisting from the TSX-V and cease being a reporting issuer under Canadian securities laws [3][4]

Core Insights - Quorum Information Technologies Inc. plans to release its Q3 2025 results on November 19, 2025, after market close [1] - The Q3 2025 results will be presented in a conference call on November 20, 2025, at 11:00 am MT (1:00 pm ET) [2] Company Overview - Quorum is a North American SaaS Software and Services company that provides essential enterprise solutions for automotive dealerships and Original Equipment Manufacturers (OEMs) [3] - The company offers a Dealership Management System (DMS) that automates and integrates key processes across dealership departments, focusing on revenue generation and customer satisfaction [4] - Quorum's product suite includes DealerMine CRM, Autovance, Accessible Accessories, and VINN Automotive, which enhance dealership operations and customer engagement [4]

Core Points - Quorum Information Technologies Inc. has filed its management information circular and related proxy materials for a special meeting of shareholders scheduled for November 26, 2025 [1][2] - The meeting will involve a special resolution to approve a statutory plan of arrangement with 2745122 Alberta Inc., an affiliate of Valsoft Corporation Inc. [2] - The Board of Directors unanimously recommends that shareholders vote in favor of the Arrangement Resolution [3] Meeting Details - The special meeting will take place at 10:00 a.m. Mountain time at the Conference Centre, Manulife Place, Calgary, Alberta [1] - Mailing of meeting materials has commenced, and shareholders can access them on Quorum's corporate website and SEDAR+ [3] - Registered shareholders are encouraged to vote online or via email [4] Shareholder Guidance - Beneficial shareholders may experience delays in receiving meeting materials due to a Canada Post labor dispute and are advised to access materials electronically [5] - The deadline for submitting proxies or voting instruction forms is 10:00 a.m. Calgary time on November 24, 2025 [5] Company Overview - Quorum is a North American SaaS company providing essential enterprise solutions for automotive dealerships, including a Dealership Management System, DealerMine CRM, and digital retailing platforms [6] - The company is traded on the TSX Venture Exchange under the symbol QIS [7]

Core Viewpoint - Quorum Information Technologies Inc. has entered into an all-cash transaction to be acquired by an affiliate of Valsoft Corporation Inc. for $0.80 per share, valuing the company at approximately $60 million, with a 14% premium over the closing price prior to the announcement [1][2]. Transaction Details - The transaction involves the acquisition of all outstanding common shares of Quorum for $0.80 per share in cash, subject to shareholder and customary approvals [1][7]. - The transaction is expected to close in Q4 2025, pending the satisfaction of all conditions [10]. - The board of directors and a special committee have unanimously approved the transaction and recommend that shareholders vote in favor [12][13]. Financial Aspects - The cash consideration of $0.80 per share provides immediate liquidity and certainty of value for shareholders [5]. - The consideration represents a 14% premium to the closing price on September 19, 2025, and a 12% premium to the 10-day volume-weighted average price [5][2]. - A fairness opinion from TD Securities Inc. confirms that the consideration is fair from a financial perspective [5][13]. Support and Approval - Officers, directors, and certain shareholders holding approximately 50% of the outstanding shares have agreed to vote in support of the transaction [6][8]. - The transaction requires approval from at least two-thirds of the votes cast by shareholders at a special meeting expected to be held in November 2025 [7]. Strategic Partnership - Valsoft is viewed as an ideal partner for Quorum, emphasizing long-term partnerships and support for innovation and customer success [3][4]. - Quorum has established a strong reputation as a technology partner for automotive dealerships and OEMs, aligning well with Valsoft's investment philosophy [4].

Core Insights - Quorum Information Technologies Inc. reported its Q2 2025 financial results, highlighting a 3% increase in total revenue compared to Q2 2024, reaching $10.3 million [6] - The company achieved an Adjusted EBITDA of $1.8 million in Q2 2025, a decrease of 7% from the previous year [6][2] - Quorum's organic growth in recurring revenue was 3% during Q2 2025, indicating a stable demand for its services [2] Financial Performance - Total Revenue: $10,279,565 in Q2 2025, up 3% from $9,950,948 in Q2 2024 [6] - SaaS Revenue: $7,285,284 in Q2 2025, a 1% increase from $7,235,908 in Q2 2024 [6] - BDC Revenue: $2,726,479 in Q2 2025, an 11% increase from $2,453,293 in Q2 2024 [6] - Gross Margin: $5,036,271 in Q2 2025, a 2% increase from $4,927,762 in Q2 2024 [6] - Net Income: $395,377 in Q2 2025, a 2% increase from $388,966 in Q2 2024 [6] - Adjusted EBITDA Margin: 18% in Q2 2025, down from 20% in Q2 2024 [6] Debt Management - Quorum successfully paid off its Cash Flow Loan component of the BDC Capital Loan Facility, totaling $0.8 million during Q2 2025 [2] Management Commentary - The President and CEO expressed gratitude towards employees for their contributions to achieving the quarterly results and emphasized the importance of the integrated suite of software solutions in driving growth [2]

Core Viewpoint - Quorum Information Technologies Inc. is set to release its Q2 2025 results on August 27, 2025, with a conference call scheduled for August 28, 2025, to discuss the results and provide insights into the company's performance [1][2]. Company Overview - Quorum is a North American SaaS Software and Services company that provides essential enterprise solutions for automotive dealerships and Original Equipment Manufacturers (OEMs) [1][3]. - The company offers a range of products including: - Dealership Management System (DMS) that automates and integrates key processes across dealership departments [4]. - DealerMine CRM, which drives revenue into sales and service departments [4]. - Autovance, a retailing platform that enhances dealership efficiency and customer satisfaction [4]. - Accessible Accessories, a platform for increasing vehicle accessories revenue [4]. - VINN Automotive, a marketplace that streamlines vehicle research and purchase processes [4]. Upcoming Events - The Q2 2025 results will be presented by Maury Marks, President and CEO, and Marilyn Bown, CFO, during a conference call on August 28, 2025, at 9:00 am MT (11:00 am ET) [2]. - An updated Investor Presentation, along with a replay and transcripts of the conference call, will be available on the company's website [2].

Core Insights - Quorum Information Technologies Inc. reported consistent revenue growth in Q1 2025 despite challenges in the North American automotive industry due to tariffs [2] - The company achieved an Adjusted EBITDA margin of 15% and a Cash EBITDA margin of 10% in Q1 2025, indicating a focus on profitable growth [2] - Quorum implemented $1.3 million in annual savings expected to be fully realized by Q3 2025, contributing to its financial strategy [2] Financial Performance - Total revenue for Q1 2025 was $10,154,768, a 1% increase from $10,062,791 in Q1 2024 [6] - SaaS revenue rose by 1% to $7,232,390 compared to $7,196,236 in Q1 2024 [6] - BDC revenue increased by 4% to $2,610,657 from $2,513,570 in Q1 2024 [6] - Recurring revenue grew by 1% to $9,843,047, up from $9,709,806 in Q1 2024 [6] - Gross margin decreased by 5% to $4,825,306, with a gross margin percentage of 48% compared to 51% in Q1 2024 [6] - Net income fell by 95% to $52,533 from $1,123,921 in Q1 2024, resulting in a net income per share of $0.001 [6] - Adjusted EBITDA was $1,522,635, a decrease of 29% from $2,141,695 in Q1 2024, with an Adjusted EBITDA margin of 15% [6] - Cash EBITDA was $1,020,628, down 27% from $1,396,262 in Q1 2024, with a Cash EBITDA margin of 10% [7] Management and Governance - Steve Hammond was appointed to the Board of Directors, replacing Scot Eisenfelder, who served for 16 years [8] - The company acknowledged the contributions of Scot Eisenfelder in shaping its strategic direction and success [9] Upcoming Events - A conference call to discuss Q1 2025 results is scheduled for May 29, 2025, at 11:00 am MT (1:00 pm ET) [9]