Dealer.com Appoints Rick Gibbs as President

Chief Technology Officer Assumes Additional Role as Company Prepares for Further Expansion

News provided by

Jun 09, 2010, 08:00 ET

BURLINGTON, Vt., June 9 /PRNewswire/ -- Dealer.com (www.dealer.com) today named Rick Gibbs as its new president. Gibbs co-founded the company in 1998 and has since held the position of CTO, shaping and directing Dealer.com's technological vision, while spearheading its emergence as the global leader in online marketing solutions for the automotive industry. As President, Gibbs will help guide the company as it significantly increases employee headcount and accelerates product development and delivery volume over the years ahead.

"Rick's appointment sends a strong signal to the industry that we are first and foremost a technology company that empowers auto dealers, dealer groups and OEMs. We see a growing trend of powerful Software as a Service business models being driven by technologists," commented Mark Bonfigli, Dealer.com's CEO, who previously held the title of President as well.

"Rick's expertise and dedication have been critical in enabling us to nearly quadruple our revenues over the last three years – among the most challenging years ever in the auto industry," Bonfigli continued. "Combining creativity with strategic foresight, he has consistently led Dealer.com's research and development teams to deliver cutting-edge products that are responsive to dealers' needs and outperform anything on the market. He has continued to refine product management and added business analysis groups to benchmark best practices that keep our clients two to four years ahead of the competition. Assuming the role of president and CTO, Rick will now help guide us to entirely new levels of technology development, growth and expansion."

Commenting on his new position, Gibbs said, "I'm honored and thrilled to take on the role of president and excited about the opportunities ahead for Dealer.com. We have an industry-leading pipeline of products, a very strong and financially sound company, and are well-positioned for continued growth."

Prior to co-founding Dealer.com, Gibbs consulted for a number of Fortune 500 companies, designing and building next-generation web applications and interactive training systems. Gibbs is a graduate of Clarkson University, with a degree in computer engineering.

About Dealer.com (www.dealer.com)

Dealer.com is the global leader in online marketing solutions for the automotive industry, providing award winning e-marketing solutions to OEMs, auto dealers and media companies. The company's innovative websites and integrated online tools significantly lower the cost of customer acquisition, enhancing dealers' efficiency and profitability. More dealerships use the Dealer.com platform than any other platform in the world.

Recent national and international accolades include: The Ernst & Young Entrepreneur of the Year, top ranking in The Net Promoter® Score Survey of customer satisfaction, Deloitte's Technology Fast 500 and the Web Marketing Association's Automobile Standard of Excellence. In addition, Dealer.com was the 2009 Top Rated Website Provider on DrivingSales.com, and won the 2010 Dealers' Choice Diamond Award for Best Website Solution and the 2009 Most Comprehensive Search Marketing Platform Award from the Automotive Search Marketing Association. For more information visit: http://www.dealer.com/promo/look-inside.htm.