ADP Announces Post-Spin Name of its Dealer Services Business

ADP Announces Post-Spin Name of its Dealer Services Business 

HOFFMAN ESTATES, IL – August 19, 2014 – ADP Dealer Services, Inc., a division of ADP®


and a leading global technology solutions provider dedicated to helping dealerships and manufacturers drive
measurable results, is pleased to announce that Dealer Services’ new company name will be CDK
Global, Inc., once the spinoff from ADP is completed. CDK Global will be listed on the NASDAQ
exchange under the “CDK” symbol.
CDK Global will be one of the largest technology providers to the automotive industry, with more than
26,000 dealer sites in over 100 countries and nearly 9,000 employees worldwide.
The letters of the new name represent three of Dealer Services’ historically largest businesses and most
strategic brands.
The “C” stands for Cobalt Digital Marketing, a leader in the fast-growing digital marketing space.
Acquiring Cobalt several years ago represented a whole new dimension of Dealer Services’ business that
the company wasn’t fully addressing.
For the critical centerpiece of the name, Dealer Services chose “D” to represent Dealer Services and its
40 years of experience. This is the foundation of the business, which offers integrated management and
technology solutions primarily to automotive dealers and manufacturers, and also to heavy truck,
motorcycle, RV, marine and heavy equipment clients.
The “K” represents Kerridge Computer Company, which was a UK-based company acquired in 2005.
The Kerridge acquisition was a strategic decision to greatly expand Dealer Services’ geographic footprint
and demonstrates its commitment to becoming a global provider.
Steve Anenen, who will serve as CDK Global’s CEO, noted, “We have decades of success as ADP
Dealer Services, and we wanted that rich legacy to live on. Plus, the additions of Cobalt and Kerridge to
our business solidified our position as a global market leader, so we wanted our new company’s name to
represent the heritage of our strongest assets – assets we are combining into one unified solution to help
support the evolution of our industry worldwide.”
The new identity for CDK Global incorporates the universally recognized traffic light with the green light
illuminated. This simple, smart and powerful symbol represents a commitment to progress and always
moving forward, as well as optimism and opportunity. While the new name of the company honors CDK
Global’s history, the logo and branding represent an entirely new look and feel for the company.

Views: 257

Comment

You need to be a member of DealerELITE.net to add comments!

Join DealerELITE.net

© 2024   Created by DealerELITE.   Powered by

Badges  |  Report an Issue  |  Terms of Service