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CCC Information Services Inc. Acquires Assets of Actual Systems of America

The transaction will lead to the creation of the CCC Pinnacle Yard Management solution for yard management, repair management and parts eCommerce.

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CCC Information Services Inc. (CCC) announced it has acquired the assets of Actual Systems of America (ASA), provider of Pinnacle Professional automotive recycling software.

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The transaction, which advances CCC’s auto parts strategy, will lead to the creation of the CCC Pinnacle Yard Management solution 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.”

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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.

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