CCC Intelligent Solutions Inc. (NASDAQ: CCCS) today announced the introduction of its applied artificial intelligence (AI) to collision repairers allowing CCC ONE users the ability to automate initial damage assessments and jumpstarting the estimating process. Repair Cost Predictor uses AI to automate an initial damage assessment, instantly generating a repair cost prediction of damage for […]
Bain Capital Reported Possible Bidder for Majority Stake in CCC
Current private equity holder of majority stake in public company said considering sale. According to a report by Bloomberg, Bain Capital is among companies considering acquiring a majority stake in CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS). The Bloomberg report cites anonymous sources that said Bain is one potential bidder for Advent International’s majority stake that […]
CCC Partners with Google to Streamline Collision Repair Appointment Scheduling
CCC Intelligent Solutions Inc. (NASDAQ:CCCS) announced today that it has teamed up with Google to streamline the online appointment booking process for repair shops that use CCC Engage. The collaboration introduces a user-friendly “Book Online” button added to Google Business Profiles, Search and Maps, helping participating repair shops stand out in search results and making […]
CCC’s Majority Shareholder Reported Considered Selling Stake in Company
According to a report by Reuters, Advent International is considering selling its stake in CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS). The private equity firm acquired its stake in 2017 when it purchased the company from CCC’s previous owners Leonard Green & Partners (LGP) and TPG Capital (TPG). CCC was taken public in 2021 through a […]
Collision Repair Education Foundation Announces Over $130,000 in Scholarships and Tool Grants
Nearly 90 collision repair students receive industry support facilitated by CREF. The Collision Repair Education Foundation (CREF) announced the recipients of its 2023 Scholarships and Tool Grants, funded through the generosity of a multitude of small and large industry partners. With the industry’s support, CREF funded over $130,000 in 2023 scholarships and tool grants, benefitting […]
CCC Reports Revenue Up 10% in Second Quarter
CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) today announced total revenue was $211.7 million for the second quarter ended June 30, an increase of 10% from $192.8 million for the second quarter of 2022. GAAP gross profit was $152.6 million, representing a gross margin of 72%, for the second quarter of 2023, compared with $139.9 million, […]
Toyota Motor North America Selects CCC Collision Repair Parts Promotion Solution
CCC Intelligent Solutions (NASDAQ:CCCS) announced today that Toyota Motor North America will use CCC Promote to support Toyota and Lexus dealers across the United States in their parts marketing efforts. CCC Promote enables parts suppliers to offer promotional pricing on parts to collision repairers as estimates are being written within the CCC ONE platform. CCC […]
Audatex, CCC and Mitchell Donate Software Subscriptions to Schools Through Collision Repair Education Foundation
Each year, thousands of collision repair students across the country receive the opportunity to learn on the same software widely used by the collision repair facilities and insurance carriers – at no cost to the school or students – thanks to the generosity of Audatex, a Solera Company; CCC Intelligent Solutions Inc. (CCC); and Mitchell, […]
CCC and Verisk Form Strategic Partnership
Initial collaboration will work to prevent auto insurance fraud. CCC Intelligent Solutions Inc. (NASDAQ:CCCS) and Verisk Analytics, Inc. (NASDAQ:VRSK) announced today a strategic partnership that will leverage the two providers’ technologies to bring new innovations to P&C insurance claims. CCC provides a cloud platform for the P&C insurance economy and Verisk is a global data […]
Interview: Jason Verlen, CCC Intelligent Solutions Details Crash Course Trends
Verlen discusses the factors influencing collision repair and auto insurance claims. In our video interview, Jason Verlen, CCC’s vice president, product marketing, details key macro and micro trends that are impacting vehicle owners, driving behaviors and ultimately the collision repair and auto insurance claims industries. To help understand the trends and how they are impacting […]
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