CCC Information Services Inc. Acquires the Assets of Actual Systems of America (ASA)

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Acquisition allows CCC to deliver a single, comprehensive software solution for repairers, insurers and recyclers

“CCC is focused on bringing technology solutions to market that benefit all segments of the collision repair industry,” said Jim Dickens, Executive Vice President, CCC Information Services.

CCC Information Services Inc. (CCC) announced today it has acquired the assets of Actual Systems of America (ASA), provider of Pinnacle Professional automotive recycling software. The transaction, which advances CCC’s auto parts strategy, will lead to the creation of the CCC Pinnacle Yard Management™ solution, a powerful system for yard management, repair management and parts eCommerce. CCC and ASA announced plans to begin integrating ASA’s Pinnacle Professional solution with the CCC TRUE™ Parts Network in July 2014.

“CCC is focused on bringing technology solutions to market that benefit all segments of the collision repair industry,” said Jim Dickens, Executive Vice President, CCC Information Services. “This acquisition allows us to move quickly and seamlessly to deliver a single, comprehensive software solution for repairers, insurers and recyclers to proactively manage the recycled parts process. Pinnacle Professional was developed by recyclers, for recyclers and we look forward to welcoming the ASA team to CCC as we continue to deliver on that vision.”

Peter Bishop, Managing Director for ASA said: “The ASA team is excited to join CCC, helping to support and advance the new CCC Pinnacle Yard Management solution. Current users of Pinnacle Professional can expect the combined solution to provide the same functionality they enjoy today, and look forward to future software enhancements that will make yard management even more efficient.”

Terms of the transaction were not disclosed.

About CCC Information Services Inc.
CCC brings together what matters most – insight to make the better decisions, connections into the industry's leading auto claims network and superior productivity through an innovative single platform. Founded in 1980, CCC is the nation's leading provider of advanced software, workflow tools and enabling technologies to automotive collision repairers, and property/casualty insurance carriers. Its client base includes more than 350 insurance companies and more than 21,000 repair facilities. In addition, the CCC True™ Parts Network connects hundreds of parts suppliers with repairers. CCC also delivers the most comprehensive, best-in-class industry insights by leveraging data captured from the millions of transactions processed through its network, and the forward-looking, trusted advisor perspective of its people. You can find out more about CCC Information Services Inc. by visiting the company's website at http://www.cccis.com.

About Pinnacle Professional Software
Actual Systems of America, Inc. is the provider of the Pinnacle Classic and Pinnacle Professional Automotive Recycling Software. Since 1997, ASA has been involved in the consultancy, development and deployment of software solutions designed around the automotive recycling industry. Today, Pinnacle Professional is the most advanced automotive recycling management software available on the market.

With hundreds of Pinnacle facilities in the continental United States and Canada, Pinnacle clients embrace the application’s incredible flexibility and scalability, with some of them integrating a handful of users up to many users across multiple locations and varying platforms.

From their offices in Denver Colorado, Actual Systems is positioned to provide their clients outstanding service ranging from development to customer support. ASA is continually reinvesting in its products and is always on the cutting edge of software development and solutions. Their customers drive their development, therefore their mantra has always been, “By Recyclers, For Recyclers.”

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John DeRango