[2] The Cobalt Group, Inc. Expands Data Collection Capabilities With Acquisition of IntegraLink, Inc.Business/Technology Editors, Automotive Writers SEATTLE--(BUSINESS WIRE)--Jan. 14, 2000 Advanced Data Extraction Data extraction is the act or process of retrieving (binary) data out of (usually unstructured or badly structured) data sources for further data processing or data storage (data migration). Technology Company Supports Growth of Cobalt's Motorplace.com Business-to-Business Automotive Portal The Cobalt Group, Inc. (Nasdaq:CBLT CBLT Contract Bridge League of Thailand CBLT Cheese Bacon Lettuce Tomato (sandwich) ), a leading provider of Internet solutions for the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. , today announced the acquisition of IntegraLink, Inc., a provider of advanced data extraction and reporting services for the automotive industry. IntegraLink specializes in collecting, normalizing and enhancing service records, vehicle sales and inventory data, parts sales and inventory data, and dealership accounting information from automotive dealership management systems. IntegraLink's services enable auto dealers and manufacturers to improve the productivity of their wholesale parts operations, enhance customer relationship management programs, and evaluate dealership profitability. "We can use the Internet to create tremendous value for our customers by aggregating service records, parts and vehicle sales and inventory data, and other information about dealership operations," said John Holt John Holt can be any one of:
Cobalt plans to use technology recently developed by IntegraLink to substantially automate data collection operations for customer data mining work performed for automotive manufacturers and other auto industry participants. IntegraLink technology will also increase the efficiency of Cobalt's industry-leading PartsVoice business-to-business parts locating service. "Cobalt's dominant position in providing Internet services to automotive dealers will allow us to leverage our technology to create tremendous value for Cobalt and its clients, and we are very excited to be joining the Cobalt team," said Kevin Distelhorst, president and co-founder of IntegraLink. IntegraLink, based in Columbus, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. , was founded in 1998 by Kevin Distelhorst and Phil Turner Phil Turner is a British DIY expert and presenter. He first became famous after appearing on the Big Breakfast and winning their competition to become 'Builder of the Week'. to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the growing need for better data collection tools to serve the automotive industry. Distelhorst and Turner together have more than 35 years of automotive industry and software development experience. IntegraLink currently extracts data from more than 2,700 franchised automotive dealers, and its clients include a major automotive manufacturer; Phoenix Group, a division of Moore The Division of Moore is an Australian electoral division in the state of Western Australia. Eligible voters within the Division elect a single representative, known as the member for Moore, to the Australian House of Representatives. North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Inc.; as well as a number of individual dealers. The transaction is being treated as a merger valued at approximately $3.6 million in cash, notes and Cobalt stock. IntegraLink's operations will remain in Columbus, Ohio. About The Cobalt Group The Cobalt Group(TM) (Nasdaq:CBLT), based in Seattle, is a leading provider of Internet-based automotive products and services. Through Web development and hosting, data management and online car referral services Cobalt helps dealers, dealer groups and automobile manufacturers harness the power of the Internet to better serve their customers. With approximately 5,000 dealer Web site clients, over 10,000 dealers using its parts locating system, and relationships with 16 automotive manufacturers and more than 50 of the 100 largest dealer groups in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Cobalt is one of the leading technology companies serving the automotive industry. Cobalt operates DealerNet(R) (www.dealernet.com), one of the best-known automotive destination sites on the Web, and PartsVoice(R) (www.partsvoice.com), a leading OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and auto parts locating and data management service. Cobalt offers Web site services that are endorsed by the National Automobile Dealers Association. For more information, please visit The Cobalt Group at www.cobaltgroup.com. |
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