DDI Technology Announces Opening of Corporate Office Expansion
22 September 2022 - 2:30PM
Business Wire
Expanded South Carolina office to support
current needs and future growth
DDI Technology (“DDI”) a leading electronic lien and title
technology firm and a subsidiary of IAA, Inc. (NYSE: IAA), a
leading global digital marketplace connecting vehicle buyers and
sellers, announces the grand opening of its newly expanded
corporate offices in Irmo, South Carolina. Now with 35% more office
space, the modern headquarters will accommodate over 200 people,
satisfying DDI’s current needs and preparing it for future
expansion.
The expanded DDI facility will support the continued growth of
the team and will help retain and attract top employees with
innovative enhancements. The workspace includes technology-enabled
conference rooms with space to collaborate with customers and
partners, better process flow for DDI’s title center operations and
expanded capacity for title vaulting.
“We are proud to call Irmo, South Carolina, home, and this
significant investment proves our commitment to the area for years
to come,” said Tab Edmundson, IAA Vice President of Client
Solutions and DDI President. “We are thrilled to continue
contributing to the local business community and economy by
creating jobs and giving back. I am excited for the future of
DDI.”
Alongside the Irmo Chamber of Commerce, the ribbon-cutting and
grand opening event will be held on Thursday, Sept. 22 at 11:30
a.m.-12:30 p.m. Eastern at DDI’s headquarters, located at 1
Wellness Blvd, Suite 201, Irmo, SC 29063.
About IAA
IAA, Inc. (NYSE: IAA) is a leading global digital marketplace
connecting vehicle buyers and sellers. Leveraging leading-edge
technology and focusing on innovation, IAA’s unique platform
facilitates the marketing and sale of total-loss, damaged and
low-value vehicles. Headquartered near Chicago in Westchester,
Illinois, IAA has nearly 4,500 employees and more than 210
facilities throughout the U.S., Canada and the United Kingdom. IAA
serves a global buyer base – located throughout over 170 countries
– and a full spectrum of sellers, including insurers, dealerships,
fleet lease and rental car companies, and charitable organizations.
Buyers have access to multiple digital bidding and buying channels,
innovative vehicle merchandising, and efficient evaluation
services, enhancing the overall purchasing experience. IAA offers
sellers a comprehensive suite of services aimed at maximizing
vehicle value, reducing administrative costs, shortening selling
cycle time and delivering the highest economic returns. For more
information visit IAAI.com, and follow IAA on Facebook, Twitter,
Instagram, YouTube and LinkedIn. For more information on DDI visit
DDITechnology.com, and follow DDI on Facebook, Twitter, and
LinkedIn.
Forward-Looking
Statements
Certain statements contained in this release contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 and which are subject to
certain risks, trends and uncertainties. In particular, statements
made in this release that are not historical facts may be
forward-looking statements. Words such as "should," "may," "will,"
"anticipates," "expects," "intends," "plans," "believes," "seeks,"
"estimates" and similar expressions identify forward- looking
statements. Such statements include statements regarding the
expected timing and associated benefits with respect to the opening
of DDI Technology’s expanded South Carolina office on our business
and plans regarding our growth strategies and margin expansion
plan, and to our customers and company generally. Such statements
are based on management’s current expectations, are not guarantees
of future performance and are subject to risks and uncertainties
that could cause actual results to differ materially from the
results projected, expressed or implied by these forward-looking
statements. These risks and uncertainties include, but are not
limited to: the impact of COVID-19 and macroeconomic conditions on
our business; our future growth; expectations regarding vehicle
volume sales, results of operations and capital expenditures; and
our continued investment in information technology, the impact of
macroeconomic factors, including high fuel prices and rising
inflation, on our revenues, gross profit and operating results; the
loss of one or more significant vehicle suppliers or a reduction in
significant volume from such suppliers; our ability to meet or
exceed customers’ demand and expectations; significant current
competition and the introduction of new competitors or other
disruptive entrants in our industry; the risk that our facilities
lack the capacity to accept additional vehicles and our ability to
obtain land or renew/enter into new leases at commercially
reasonable rates; our ability to effectively maintain or update
information and technology systems; our ability to implement and
maintain measures to protect against cyberattacks and comply with
applicable privacy and data security requirements; our ability to
successfully implement our business strategies or realize expected
cost savings and revenue enhancements, including from our margin
expansion plan; business development activities, including
acquisitions and the integration of acquired businesses, and the
risks that the anticipated benefits of any acquisitions may not be
fully realized or take longer to realize than expected; our
expansion into markets outside the U.S. and the operational,
competitive and regulatory risks facing our non-U.S. based
operations; our reliance on subhaulers and trucking fleet
operations; changes in used-vehicle prices and the volume of
damaged and total loss vehicles we purchase; economic conditions,
including fuel prices, commodity prices, foreign exchange rates and
interest rate fluctuations; trends in new- and used-vehicle sales
and incentives; uncertainties regarding ongoing surges of COVID-19
infections, including new more contagious and/or vaccine resistant
variants, and the impact on the duration and severity of the
COVID-19 pandemic and measures intended to reduce its spread,
including the availability, rate of public acceptance and efficacy
of COVID-19 vaccines; and other risks and uncertainties identified
in our filings with the Securities and Exchange Commission (the
“SEC”), including under Item 1A “Risk Factors” in our Annual Report
on Form 10-K filed with the SEC on February 28, 2022 and Item 1A
“Risk Factors” in our Quarterly Report on Form 10-Q filed with the
SEC on May 10, 2022, as such risk factors may be amended,
supplemented or superseded from time to time by other reports we
file with the SEC, including subsequent Quarterly Reports on Form
10-Q and Annual Reports on Form 10-K. Many of these risk factors
are outside of our control, and as such, they involve risks which
are not currently known that could cause actual results to differ
materially from those discussed or implied herein. The
forward-looking statements in this document are made as of the date
on which they are made and we do not undertake to update our
forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220922005122/en/
IAA Contacts Media
Inquiries: Jeanene O’Brien | IAA, Inc. SVP, Global
Marketing and Communications (708) 492-7328 jobrien@iaai.com
Analyst Inquiries: Caitlin
Churchill | ICR (203) 682-8200 investors@iaai.com
IAA (NYSE:IAA)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
IAA (NYSE:IAA)
Historical Stock Chart
Von Apr 2023 bis Apr 2024