Big news out today. VERB Technology Company, Inc. (NASDAQ: VERB) ("VERB" or the "Company"), a leader in business-focused interactive video CRM, marketing, and sales enablement applications, announces a new partnership with NCompassTrac, an industry leader in the development of cloud and mobile-based technologies that enhance and increase the revenue potential of Automotive and PowerSports dealers throughout the world.
Currently utilized by more than 1,500 dealerships, NCompassTrac helps Automotive and PowerSports dealers visualize their Dealership Management System (DMS) in a real-time dashboard, allowing them to identify and respond more effectively to those customer segments that drive revenue.
VERB’s partnership with NCompassTrac is part of a new initiative called the CustomerTrac® Marketplace in which NCompassTrac is teaming up with leaders in the Automotive and PowerSports industries to create a marketplace that allows Dealers to discover the best revenue opportunities and take action fast. By offering VERB’s interactive video capabilities within their CustomerTrac® Marketplace, dealerships can communicate more effectively with their customers and increase overall growth and retention with no change to their DMS. With this new initiative, among others, NCompassTrac expects to double their client base in 2020.
“In addition to generating significant revenue opportunities, this partnership with NCompassTrac allows us to showcase the capabilities of our interactive video technology in the Automotive and PowerSports industry as part of our strategy to expand into many other new industries, markets, and business sectors,” said President of Global Sales for VERB, McKinley Oswald. “NCompassTrac is a widely respected name in the Automotive and PowerSports industries, and we appreciate the opportunity to work alongside them. As the industry leader in cloud-based technologies for Automotive and PowerSports Dealerships, NCompassTrac represents a perfectly aligned partner for VERB as we enter this exciting, new vertical.”
“As we explore partnership opportunities for our Marketplace – we seek unique and exciting ways for our dealers to engage their customer audience,” said Chris Daden, CEO at NCompassTrac. “Adding VERB’s interactive video capabilities to our CustomerTrac® Dashboard allows us to demonstrate our commitment to continue to deliver the kind of unique, measurable value our dealers have come to expect from us.”
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