TrueCar Hires CTO To Oversee Expanding Operations

SANTA MONICA, Calif., May 15, 2013 /PRNewswire/ -- TrueCar, the authority in new car pricing information, trends and forecasting, has hired Mike Dunn as Chief Technology Officer following a nationwide executive search. 

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Dunn, most recently the CTO for Hearst Interactive Media, has also served as Corporate CTO for Time Warner, founding CTO for Dell Online and EVP/CTO for Encoda Systems.

"Mike, a technologist to the core, fulfills all of our rigorous CTO guidelines," says Scott Painter, TrueCar Founder and CEO.  "He'll help define, articulate and implement the forward-looking TrueCar technology and business strategy. Additionally, his background in media, advertising and technology industries perfectly aligns with our tech resources and potential.  Mike is a world-class talent who will be a huge asset for short- and long-term corporate goals."

Dunn, who makes frequent public speaking appearances on technology due diligence, the semantic web and online video technologies, has also served as a mentor at the MIT Media LAB, Columbia University and the Northwestern Kellogg School as well as an advisor to a variety of Silicon Valley, New York and Boston startups. 

"TrueCar presents a fascinating challenge," says Dunn, who will be based at TrueCar's Santa Monica headquarters. "They're a robust technology and data-based company that is part of 27,000 vehicles sales every month and is blossoming into a significant force in the automotive world."

Dunn has served on numerous advisory boards, including Brightcove, Hootsuite and Blumberg Capital. He currently services on the board of the Ballston Spa National Bank (New York) and advisory boards of RAMP (Boston) and Arkami (Southern California). 

About TrueCar, Inc.

TrueCar, Inc., headquartered in Santa Monica, Calif., with offices in Santa Barbara, Calif., San Francisco, Calif., and Austin, Texas, is an automotive pricing information and analysis company that creates a better buying experience for dealers and consumers.  As an online publisher of unbiased new and used car transaction data, TrueCar.com provides price reports that empower dealers and consumers to agree on the parameters of a fair deal by supplying a transparent, simple understanding of what others recently paid for identically-equipped new cars in their geographic area.  TrueCar also owns ALG, the benchmark for vehicle value information to the automotive industry, which has been forecasting residual values for nearly 50 years in both the U.S. and Canadian markets.

TrueCar is a data-driven company that sources, compiles, and analyzes car-buying information unlike anybody in the industry.  This is why, since its founding in 2005, TrueCar dealer partners have sold over 750,000 vehicles across the country.  Its national network of more than 6,000 Certified Dealers is committed to provide no-hassle pricing for some of the country's largest membership and service organizations, including American Express, AAA, USAA and Consumer Reports that collectively represent more than one million monthly in-market customers.

You can follow TrueCar on Twitter (@TrueCar) and become a fan of TrueCar on Facebook and Google+.

Disclaimer

This press release and the information contained herein is for noncommercial use on "as-is, as available" basis and may be used for informational purposes only.  TrueCar makes no representations or warranties, express or implied, with respect to the information contained in this press release and the results of the use of such information, including without limitation, the implied warranty of merchantability, fitness for a particular purpose and non-infringement.  The information contained in this press release may include technical inaccuracies or typographical errors.  Neither TrueCar nor any of its parents, subsidiaries, affiliates or respective partners, officers, or directors, employees or agents shall be held liable for any damages, whether direct, incidental, indirect, special or consequential, including without limitation, lost revenues or lost profits, arising from or in connection with your use or reliance on the information in this press release.

SOURCE TrueCar