TrueCar, Inc. completes acquisition of ALG, Inc.
(Oct. 4, 2011) SANTA MONICA, Calif.-- TrueCar, Inc., the publisher of real-time new (TrueCar.com) and used (ClearBook.com) vehicle pricing data in the U.S. market, has announced that it has completed its acquisition of ALG, Inc. formerly a subsidiary of DealerTrack Holdings, Inc. and the industry source for automotive residual values.In support of this acquisition of ALG, TrueCar has also announced that Larry Dominique will be joining TrueCar as Executive Vice President of the Data Solutions Group. Dominique comes to TrueCar from Nissan North America where he served as Vice President, of Advanced and Product Planning and Strategy. Dominique brings a unique point-of-view to TrueCar – with extensive experience from the OEM perspective, leveraging pricing data and residual values (future value).
Dominique said, "Having been a user of the data for decades, I have firsthand knowledge of how important it is that the data is accurate, complete and unbiased – and that in order to rely on it moving forward, OEMs and lessors must be able to depend upon on the integrity of the data itself – as well as the time-tested ALG process. I am committed to helping maintain this and build upon this trust with TrueCar and ALG." ALG will operate as an independent subsidiary of TrueCar, reporting into the Data Solutions Group, and continue to be headquartered in Santa Barbara, California.
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