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Corporation
INTERNET | Internet Software & Services / Information Providers & Portals
truecar.com

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Founded Year

2005

Stage

IPO | IPO

Total Raised

$335.5M

Date of IPO

5/16/2014

Market Cap

0.36B

Stock Price

3.73

Revenue

$0000 

About TrueCar

TrueCar is an automotive solutions provider focused on changing how cars are sold by helping qualified dealer partners to gain incremental market share and reduce costs. TrueCar.com is a transparent, visual publisher of new car transaction data. TrueCar.com price reports help both dealers and consumers to agree on the parameters of a fair deal by providing an accurate, comprehensive and simple understanding of what others actually paid for the identically equipped new car over the last 30 days both locally and nationally. TrueCar works with a nation-wide network of Certified Dealers that provide up-front, no-haggle, competitive pricing to assist some of the nation's largest and most well respected membership and service organizations to meet the auto buying needs of their members and customers.

TrueCar Headquarter Location

120 Broadway Suite 200

Santa Monica, California, 90401,

United States

800-200-2000

Latest TrueCar News

Accenture NZ's revenues nearly double after Zag buyout

Jan 13, 2022

Reseller News Accenture NZ's revenues nearly double after Zag buyout Net profit falls again in 2021 as Accenture beds down its latest acquisition. Credit: Supplied The true scale of Accenture NZ after its buyout of SAP specialist consultancy Zag is being revealed. Accenture NZ's financial statements show the company's revenue nearly doubled, from $66.1 million to $120.8 million during the year ended 31 August 2021. Accenture owned Zag for nearly 11 months of that year. That latest results followed a decline in revenue in 2020, before the $39.8 million acquisition of Wellington-based Soltians, which trades under the name Zag, in early October 2020. In 2020, Accenture NZ reported total revenues of $66.1 million for the year, down from $76.7 million in 2019. Net profit after tax dropped from $9.5 million to $6.8 million. Net profit declined further in 2021, falling to $2.3 million. A note said Zag was bought to increase the number of in-demand SAP specialists on staff, especially those with skills related to the latest cloud version of SAP's enterprise resource planning software, S/4 HANA. Around 200 full-time equivalent staff were added. Accenture NZ's latest financials statements report a very large increase in employee expenses, from $14.5 million to $53.2 million. Subcontractor costs were also well up, from $3.6 million to $10.3 million while the cost of purchased consultancy services also rose, from $24.4 million to $31.7 million. Ben Morgan, Accenture’s New Zealand managing director, said last year the pairing Accenture’s global expertise with Zag’s local talent and insight would strengthen Accenture's ability to help clients accelerate their business transformation using SAP and cloud technologies and to deliver more value from the new platforms. "This move demonstrates our ongoing commitment to bringing new thinking, talent and innovation to clients across the region," he said. Nick Mulcahy, then Zag's CEO and now head of technology and also managing director of Accenture NZ, said Zag had grown from an idea to a thriving business that has helped over 100 organisations to become "stronger, safer and more prosperous" through the use of technology. "The combination of Accenture and Zag is a great opportunity for our clients and teams, and we look forward to offering an unrivalled SAP offering," he said. Mulcahy or interests associated with him owned close to 30 per cent of Zag, via Soltians, according to NZ Companies Office records. He joined the the company, then known as Soltius in 2003 as a senior consultant.

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Expert Collections containing TrueCar

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

TrueCar is included in 1 Expert Collection, including Auto Commerce.

A

Auto Commerce

532 items

Companies involved in the rental, selling, trading, or purchasing of cars, RVs, trucks, and fleets, including auto financing companies, vehicle auction services, online classified advertising companies with a focus on auto, and dealership software platforms.

TrueCar Patents

TrueCar has filed 99 patents.

The 3 most popular patent topics include:

  • Pricing
  • Data management
  • Product lifecycle management
patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/13/2020

12/21/2021

Product lifecycle management, Data management, Software design patterns, Information technology management, Diagrams

Grant

Application Date

3/13/2020

Grant Date

12/21/2021

Title

Related Topics

Product lifecycle management, Data management, Software design patterns, Information technology management, Diagrams

Status

Grant

TrueCar Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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