Elitek Vehicle Services, an LKQ company, is joining the CCC Diagnostics Network (CCC) to include the reporting automation of remote diagnostic services. With this integration, customers will be able to view their scan reports and invoices directly in the CCC ONE work file, allowing the shop to save time and effort while standardizing the documentation […]
CCC Introduces Integrated Website Builder for Collision Repair Facilities
CCC Intelligent Solutions Inc. (NASDAQ:CCCS) today announced the launch of CCC Amplify, an easy-to-use digital solution that helps collision repair facility operators build and launch customized websites in minutes. Available through the CCC ONE platform, CCC Amplify simplifies the process of creating and maintaining a website by integrating CCC ONE shop information. The solution is […]
Opus IVS Launches ADAS Map
Opus IVS announced the introduction of ADAS Map, a comprehensive software platform designed to identify Advanced Driver Assistance Systems (ADAS) systems, their components, precise component locations, necessary calibrations, and the underlying reasons for these calibrations. This state-of-the-art technology automatically reviews CCC or Mitchell estimates and provides a detailed presentation of a specific vehicle’s ADAS requirements. […]
CCC Introduces Next Generation AI-Based Photo Analysis
CCC Intelligent Solutions (NASDAQ:CCCS) today announced the next generation of its artificial intelligence (AI)-based photo analysis capabilities, including its first solution that extends into claims handling ahead of the appraisal process to include first notice of loss (FNOL). According to the company, the new solution helps users identify potential indemnity amounts earlier and deliver sactionable […]
CCC Launches Artificial Intelligence Estimating Solution for Collision Repair Facilities
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, […]
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