Carmel, IN — March 16, 2017 — GLOBE NEWSWIRE — KAR Auction Services, Inc. (NYSE:KAR), a global wholesale used-vehicle marketplace and technology solutions provider, has extended up to $15 million in credit to Nth Gen Software, Inc., (“TradeRev”). Through its ADESA business unit, KAR acquired a 50% stake in Toronto-based TradeRev in 2014. TradeRev facilitates real-time dealer-to-dealer vehicle auctions via desktop or mobile app. The additional funding will be used to accelerate TradeRev’s expansion and deploy new products and platform functionality.
Dealer Marketing Magazine: KAR Auction Services Fortifies Investment in TradeRev
