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drivenbrands.com

Founded Year

2015

Stage

IPO | IPO

Total Raised

$50M

Date of IPO

1/15/2021

Market Cap

4.42B

Stock Price

26.92

About Driven Brands

Driven Brands (NASDAQ: DRVN) serves as parent company for the separate businesses: MAACO(R) (a franchise-based collision repair and auto painting retail network) Meineke Car Care Centers(R) (a franchise-based automotive service and repair retail network); Econo Lube & Tune (a franchised chain of automotive repair/quick lube services) and a franchised network of mobile services consisting of AutoQual(R), Aero-Colours(R) & Drive N Style(R) (specializing in automotive interior reconditioning and maintenance, paint refinishing and restyling services for Car Dealerships). Management team members serve on the industry association boards, the IFA and AAIA.

Driven Brands Headquarter Location

440 S. Church Street Suite 700

Charlotte, North Carolina, 28202,

United States

704-377-8855

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Latest Driven Brands News

Interplay Named 2022 SIIA CODiE Award Finalist for Best No Code/Low Code Platform

May 12, 2022

Share The intelligent low-code platform from Iterate.ai is recognized for accelerating the creation, iteration, deployment, and scale of AI and IoT apps within major enterprises across industries Iterate.ai , whose innovation ecosystem enables customers to build scalable, production-ready, low-code applications up to 17x faster than traditional programming, today announced that its low-code platform, Interplay, has been named a 2022 SIIA CODiE Award finalist in the Best No Code/Low Code Platform category. CODiE finalists represent the best products, technologies, and services in software, information, and business technology. The Interplay low-code platform is a critical component for unlocking, accelerating, and scaling digital innovation at companies across industries and use cases for companies like ULTA Beauty, Pampered Chef, Circle K, Driven Brands, and Jockey. Interplay is a uniquely comprehensive drag-and-drop low-code environment with 475 built-in, pre-coded modules that can be used as-is or edited. The platform significantly streamlines the AI/ML, data integration, voice/messaging, IoT, blockchain, and API capabilities critical for fast-tracking modern application development and enabling businesses to deliver true competitive differentiation to customers and partners. Iterate.ai stands out among the four finalists in this CODiE award category for its bootstrapping mentality. While Iterate.ai has raised $3.2 million, the three other low-code finalists have raised $829.7 million collectively. A Deloitte Technology Fast 500™ company last year after revenues grew 284% between 2017 and 2020, Iterate.ai’s success has been achieved with minimal funding, without employing a salesperson, and without having a marketing budget. “Our ultra-light-weight bureaucracy, deep enterprise experience, and our open-minded, passionate team are the reasons why our customers continue to build and scale with Interplay,” said Brian Sathianathan, Chief Technology Officer and head of Interplay at Iterate.ai. “Enterprises choose Interplay for its tremendous versatility: almost any type of advanced application or software solution can be built or significantly expedited with Interplay.” The low-code platform, which helps enterprises build advanced apps up to 17x faster, has been granted patents for its Modular Machine Learning (drag-and-drop AI) and Developer Independent Resource-Based Multithreading Module, which speeds up data throughput and processing. Several more patents are pending. A new no-code front-end design capability will release in May, along with five other significant improvements to the platform. Driven Brands, the largest automotive services company in North America, uses the Interplay platform to rapidly deploy innovative machine learning applications and enterprise integration solutions for their brands. In another example, Interplay was used by Pampered Chef to build Table, which is competing to win the 2022 Technology Innovation Award from the Direct Selling Association. “Our Table platform is helping us redefine social commerce by enabling more meaningful relationships between our sellers and their customers – it is being developed as a modular platform with multiple third-party engagement solutions like a virtual kitchen and video conferencing to complement existing social media platforms like Facebook,” said Shiv Dutt, VP of experience and Innovation for Pampered Chef, a Berkshire Hathaway Company. “Thousands of consultants (our sellers) run virtual events on it today, and the revenue per event has improved by 8% within the first 6 months.” Pampered Chef plans to continue investing and growing this platform and exploring new horizons. The SIIA CODiE Awards, the long-running, premier awards program for the software and information industries, are produced by the Software & Information Industry Association (SIIA), the principal trade association for the software, education, and media, and digital content industries. “The 2022 CODiE Award finalists highlight the products and people who drove their industries forward through innovative products and leadership in these uncertain times,” said SIIA President Jeff Joseph. “These honorees continue the proud tradition of CODiE Award finalists of recognizing the most impactful products, services, and leaders of their time, setting a foundation for the next generation of innovators. Congratulations to all who received this well-earned acknowledgment.” The SIIA CODiE Awards are the industry’s only peer-recognized awards program. Finalists are determined by industry experts. CODiE Award winners will be announced during the virtual winner announcement celebrations on June 8 and June 9, 2022.

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  • When was Driven Brands founded?

    Driven Brands was founded in 2015.

  • Where is Driven Brands's headquarters?

    Driven Brands's headquarters is located at 440 S. Church Street, Charlotte.

  • What is Driven Brands's latest funding round?

    Driven Brands's latest funding round is IPO.

  • How much did Driven Brands raise?

    Driven Brands raised a total of $50M.

  • Who are the investors of Driven Brands?

    Investors of Driven Brands include Enron.

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