KAR Business Unit Ranks #33 on 2014 InformationWeek Elite 100

For Immediate Release
Darci Valentine

Insurance Auto Auctions recognized as innovator for iPad Buyer App for tablets

CARMEL, Ind., April 15, 2014 – Carmel, Ind.-based KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, announced today that its business unit Insurance Auto Auctions (IAA), a leading live and live-online salvage auto auction company, has been ranked #33 on this year’s InformationWeek Elite 100. IAA was also selected as one of three finalists for InformationWeek’s Business Innovation award in the Business Agility category.
The InformationWeek Elite 100 is an annual list that recognizes the top business technology innovators in the United States. IAA was recognized for the launch of its iPad Buyer App for tablets that presents information to customers using fluid and responsive design elements that were a first for the industry. IAA continually strives to create cutting-edge applications and technology platforms to facilitate a seamless user experience.
“The entire KAR Auction Services group of companies is dedicated to investing in and implementing state-of-the-art technologies to meet the evolving needs of our North American customer base. With IAA auctioning more than 1.5 million vehicles per year, and providing images online of more than 15 million vehicles, utilizing the latest technology has become critical,” said Hallett. “KAR is honored by this recognition of IAA’s innovation, as it is consistent with our group of companies’ commitment to fusing technology and business to drive outstanding results.”
This is InformationWeek’s 26th year identifying and honoring the nation’s most innovative users of information technology. InformationWeek Elite 100 research tracks the technology-based investments, strategies and results of some of the best-known organizations in the country. Additional details on the InformationWeek Elite 100 can be found at https://www.informationweek.com/elite100.

KAR Auction Services, Inc. (NYSE: KAR) operates used vehicle auction services for North American sellers and buyers worldwide. Based in Carmel, Ind., the KAR group of companies is comprised of ADESA, Inc. (ADESA), Insurance Auto Auctions, Inc. (IAA), Automotive Finance Corporation, Inc. (AFC), and additional business units, with nearly 13,000 employees across the globe. Together, KAR’s complementary businesses provide technology and logistics for every stage of the used vehicle lifecycle. For more information, visit karauctionservices.com.

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