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 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]

Company Overview - Quorum Information Technologies Inc. is a North American SaaS Software and Services company that provides essential enterprise solutions for automotive dealerships and Original Equipment Manufacturers (OEMs) [3][4] - The company offers a range of products including a Dealership Management System (DMS), DealerMine CRM, Autovance, Accessible Accessories, and VINN Automotive, all aimed at enhancing dealership operations and customer satisfaction [4] Upcoming Financial Results - Quorum plans to release its Q1 2025 Results after market close on May 28, 2025 [1] - A conference call to discuss the Q1 2025 Results is scheduled for May 29, 2025, at 11:00 am MT (1:00 pm ET) [2] Investor Relations - An updated Investor Presentation, replay of the results conference call, and transcripts will be available on the company's website [2]