CDK Global Announces Plan to Divest Digital Marketing Business

HOFFMAN ESTATES, Ill., Jun 27, 2019 (GLOBE NEWSWIRE) — CDK Global, Inc. (Nasdaq:CDK) (the “Company”) currently announced a devise to deprive a Digital Marketing Business, comprising all of a resources of a Advertising North America business shred and certain resources of a Retail Solutions North America shred associated to mobile promotion solutions and website services.

“Following a extensive vital examination we have done a preference to deprive a Digital Marketing Business,” pronounced Brian Krzanich, boss and arch executive officer. “Exiting a Digital Marketing Business allows a government group to concentration on a building movement in a core automobile program business and to accelerate expansion in mercantile 2020. We trust a Digital Marketing Business is an appealing item for someone who is improved positioned to precedence a record height and government group that we have built.  During this transition duration we sojourn committed to a CDK Digital Marketing customers, and will continue to support a extensive apartment of Digital Marketing technologies and services.”

This preference was reached after a consummate analysis of a CDK portfolio, and aligns with a Company’s plan to concentration on a core apartment of SaaS program and record solutions for a markets it serves by a Retail Solutions North America and CDK International segments.  Beginning with a fourth quarter, a Digital Marketing Business will be presented as dropped operations.  The Company has intent Allen Company to brand intensity buyers and weigh proposals for a Digital Marketing Business. 

Further sum per this preference can be found in a Current Report on Form 8-K filed with a Securities and Exchange Commission on Jun 27, 2019. The mercantile fourth entertain and mercantile year finale Jun 30, 2019 gain call will be hold in early August, and will embody updates per these matters, as good as superintendence for mercantile 2020 and an refurbish to a collateral allocation strategy. 

About CDK Global

With $2 billion in revenues, CDK Global (Nasdaq:CDK) is a heading tellurian provider of integrated information record solutions to a automotive sell and adjacent industries. Focused on enabling end-to-end automotive commerce, CDK Global provides solutions to dealers in some-more than 100 countries around a world, portion approximately 30,000 sell locations and many automotive manufacturers. CDK solutions automate and confederate all tools of a dealership and shopping process, including a acquisition, sale, financing, insuring, tools supply, correct and upkeep of vehicles. Visit cdkglobal.com.

Safe Harbor for Forward-Looking Statements

This press recover contains “forward-looking statements” within a definition of a Private Securities Litigation Reform Act of 1995. All statements, other than statements of chronological fact, including: a Company’s planned divestiture of a Digital Marketing Business; a Company’s objectives for a Retail Solutions North America and CDK International segments; other plans; objectives; forecasts; goals; beliefs; business strategies; destiny events; business conditions; formula of operations; financial position and business opinion and trends; and other information, might be forward-looking statements. Words such as “might,” “will,” “may,” “could,” “should,” “estimates,” “expects,” “continues,” “contemplates,” “anticipates,” “projects,” “plans,” “potential,” “predicts,” “intends,” “believes,” “forecasts,” “future,” “assumes,” and variations of such difference or identical expressions are dictated to brand forward-looking statements. These statements are formed on management’s expectations and assumptions and are theme to risks and uncertainties that might means tangible formula to differ materially from those expressed, or pragmatic by, these forward-looking statements.

Factors that could means tangible formula to differ materially from those contemplated by a forward-looking statements include: a Company’s success in obtaining, maintaining and offered additional services to customers; a pricing of a Company’s products and services; altogether marketplace and mercantile conditions, including seductiveness rate and unfamiliar banking trends, and record trends; inauspicious tellurian mercantile conditions and credit markets and sensitivity in a countries in that we do business; automobile sales and promotion and associated attention changes; rival conditions; changes in regulation; changes in technology, confidence breaches, interruptions, failures and other errors involving a Company’s systems; accessibility of learned technical employees/labor/personnel; a impact of new acquisitions and divestitures; practice and salary levels; accessibility of collateral for a remuneration of debt use obligations or dividends or a repurchase of shares; any changes to a Company’s credit ratings and a impact of such changes on financing costs, rates, terms, debt use obligations, entrance to collateral marketplace and operative collateral needs; a impact of a Company’s indebtedness, entrance to money and financing, and ability to secure financing, or financing during appealing rates; a conflict of or developments in lawsuit involving contract, egghead property, competition, shareholder, and other matters, and bureaucratic investigations; and a ability of a Company’s poignant stockholders and their affiliates to significantly change a Company’s decisions or means it to catch poignant costs.

There might be other factors that might means a Company’s tangible results, opening or achievements to differ materially from those voiced in, or pragmatic by, a forward-looking statements.  The Company gives no assurances that any of a events expected by a forward-looking statements will start or, if any of them do, what impact they will have on a formula of operations and financial condition. You should delicately review a factors described in a Company’s reports filed with the Securities and Exchange Commission (“SEC”), including those discussed underneath “Part I, Item 1A. Risk Factors” in a many new Annual Report on Form 10-K and a many new Quarterly Report on Form 10-Q for a outline of certain risks that could, among other things, means a Company’s tangible formula to differ from any forward-looking statements contained herein. These filings can be found on a Company’s website during www.cdkglobal.com and the SEC’s website at www.sec.gov.

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