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CARFAX Launches Product Lab in Kitchener's Communitech Hub

LONDON, ON, November 22, 2017 – On November 22nd, 2017 CARPROOF Corporation will celebrate the official launch of its new Product Lab in Kitchener’s Communitech Hub. As Canada’s definitive source of automotive information, CARPROOF strives for constant innovation, making Communitech the perfect environment to house its continued evolution. The Communitech Hub currently supports a community of over 1400 tech companies ranging from startups to large global corporations.

“Setting up the Product Lab gives us access to the world-class tech eco-system within Communitech,” says Greg Beckman, vice-president of product management at CARPROOF. “Being a part of this family brings invaluable opportunities to connect with new partners, networks and talent.”

CARPROOF’s continual growth provides increasing opportunities to build new experiences and solutions for the industry. “We’re uniquely positioned to provide data, insights and intelligence to the Canadian auto sector through the extensive relationships we’ve built with our customers and industry partners,” says Beckman. “CARPROOF’s new space at Communitech further establishes our role as a leader and innovator in the Canadian automotive space, and a driver of positive change through data and technology.”

About Communitech
Communitech was founded in 1997 by a group of entrepreneurs committed to making Waterloo Region a global innovation leader. At the time it was crazy talk, but somehow this community managed to pull it off. Today, Communitech is a public-private innovation hub that supports a community of more than 1400 companies —from startups to scale-ups to large global players. Communitech is a member of the Ontario Network of Entrepreneurs and helps tech companies start, grow and succeed in three distinct ways.
  • Communitech is a place – the center of gravity for entrepreneurs and innovators. A clubhouse for building cooltechand great companies.
  • Communitech delivers programs – helping companies at all stages with access to capital, customers and talent. We are here to help them grow and innovate.
  • Communitech partners in building a world-leading ecosystem –making sure we have all the ingredients (and the brand) to go from a small startup to a global giant.
About CARPROOF
CARPROOF, a unit of IHS Markit (Nasdaq: INFO), is Canada’s definitive source of automotive information, delivering vehicle history, appraisal and valuation. Drawing on billions of data records from thousands of unique sources, its products enable used vehicle buyers and sellers to make informed decisions. CARPROOF is trusted to provide impartial and comprehensive information to dealerships, vehicle manufacturers, consumers, major auctions, governments, insurance providers and police agencies. Dedicated to transparency since its founding in 2000, the company has been named one of Canada’s 50 Best Managed Companies, and was also honoured with Deloitte’s Technology Fast 50™ and Fast 500™ awards. For more information about CARPROOF, visit www.carfax.ca.
For further information or to speak with a company representative, please contact: media@carfax.ca

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