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Tractable Alleges CCC Violates Antitrust Laws in Court Filing

March 14, 2024 By CollisionWeek Editor

Company says in counterclaim that CCC leverages its market share to limit choice in estimatics market in filing in 2018 lawsuit originally brought by CCC. Tractable accused CCC Intelligent Solutions (NASDAQ:CCCS) of violating federal antitrust laws in a court filing March 11, alleging that CCC is using its 85% market share of insurance claims processed in […]

Filed Under: News Tagged With: CCC, Lawsuits, Tractable

CCC Reports 2023 Revenue of $866 Million

February 29, 2024 By CollisionWeek Editor

Full year revenue up 11% versus previous year. CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) reported total revenue was $866.4 million for the full year of 2023, an increase of 11% from $782.4 million in 2022. For the fourth quarter, total revenue was $228.6 million up 12% from $204.1 million for the fourth quarter of […]

Filed Under: News Tagged With: CCC, Earnings

Interview: CCC’s Dan Risley Details New Data Privacy Feature

January 16, 2024 By CollisionWeek Editor

Collision repair facilities are able to remove sensitive data before sharing with third parties. CCC Intelligent Solutions Inc. (CCC) announced today the availability of an enhanced data security feature for collision repairers writing estimates on cccone.com. The new feature provides repairers with the ability to redact the last six digits of a Vehicle Identification Number […]

Filed Under: Feature Tagged With: CCC, estimating, Interview, Privacy

CCC Third Quarter Revenue Up 11% Compared to Last Year

November 7, 2023 By CollisionWeek Editor

Company reports more than $221 million in revenue for the quarter, over $637 million for first nine months. CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) reported total revenue was $221.1 million for the third quarter ended September 30, an increase of 11% from $198.7 million for the third quarter of 2022. For the first nine […]

Filed Under: News Tagged With: CCC, Earnings

Elitek Vehicle Services Announces First Phase of Integration with CCC ONE

November 1, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: CCC, Diagnostics, Elitek Vehicle Services, Integrations, LKQ Corporation

CCC Introduces Integrated Website Builder for Collision Repair Facilities

October 30, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: CCC

Opus IVS Launches ADAS Map

October 25, 2023 By CollisionWeek Editor

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. […]

Filed Under: News Tagged With: Advanced Driver Assistance Systems, CCC, Mitchell International, Opus IVS, Recalibration

CCC Introduces Next Generation AI-Based Photo Analysis

October 23, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Artificial Intelligence, CCC, Photo Estimating

CCC Launches Artificial Intelligence Estimating Solution for Collision Repair Facilities

October 11, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Artificial Intelligence, CCC, Estimating Systems, Mobile Estimating

Bain Capital Reported Possible Bidder for Majority Stake in CCC

September 29, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Acquisitions, Bain Capital, CCC

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