CarProof named one of Canada's 50 Best Managed Companies

Local company makes transition from entrepreneurial to exponential

LONDON, ON, Feb. 21, 2012 /CNW/ - Thanks to a dedication to implementing leading business practices, a push to hire only the best and a belief that the workplace should always be inspiring and never boring, London's own CarProof Vehicle History Reports, Canada's leading provider of the most comprehensive used vehicle history report, was announced today as a 2011 winner of Canada's 50 Best Managed Companies program.

Since 2000, CarProof has been working to revolutionize the used car industry by providing Canadians with the ability to buy and sell cars with full transparency, confidence and peace of mind. From its office in downtown London, the company has grown exponentially over the past 12 years, making the transition from its truly entrepreneurial beginnings to a company that witnessed 1,017 per cent growth over the past five years.

The Best Managed award comes close on the heels of two other big wins for the company. CarProof was given Deloitte's 2011 Technology Fast 500^TM and Fast 50 ^TM Awards, making the company one of a select few to receive all three awards in the same year. Locally, CarProof is also one of four finalists for the London Chamber of Commerce's Large Business of Year award, a title that will be announced in mid-March.

These recent achievements are a reflection of the balanced expansion the company is currently experiencing, both in terms of technology and its management structure. The latest award reaffirms the company's push to implement new, robust human resource programs and a focus on defining CarProof's core purpose and future goals.

"We are truly honoured to be recognized as one of Canada's 50 Best, and proud to be on this extremely prestigious list of companies," shared Paul Antony, president and CEO of CarProof. "CarProof was founded in and our home continues to be London, and we couldn't be more thrilled that our recognition brings even more profile to our community. We have some wonderful businesses based here that are successful by any definition, and CarProof is pleased to be among them."

Canada's 50 Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $10 million. Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices.

"We believe that there are three vital building blocks to sustainable growth: strategy, capability, and commitment; CarProof has demonstrated it is a model of success in all three areas and is duly recognized as one of Canada's Best Managed," explained John Hughes, partner, Private Company Services group with Deloitte, a national sponsor of the Best Managed program.

About CarProof Vehicle History Reports

CarProof, a London, Ont.-based company founded in 2000, is the leading provider of the most comprehensive used vehicle history report available in Canada. CarProof's fully bilingual vehicle history reports rely on accurate and live real-time data to provide consumers with a complete history of their vehicle including accident information, cross-Canada lien search information and full U.S. history. In addition to being named one of Canada's 50 Best Managed Companies, CarProof was recently honoured with Deloitte's 2011 Technology Fast 500^TM and Fast 50^TM Awards. For more information about CarProof, visit www.carproof.com.

About Canada's 50 Best Managed Companies program

Established in 1993, the Canada's 50 Best Managed Companies is a national awards program, recognizing Canadian companies that have implemented world-class business practices and created value in innovative ways. Applications are reviewed by an independent judging panel that evaluates how companies address various business challenges, including new technologies, globalization, brand management, leadership, leveraging and developing core competencies, designing information systems, and hiring the right talent to facilitate growth. For further information, visit www.canadas50best.com.

Alina Szober Morkin
Senior Marketing Manager
CarProof Vehicle History Reports
1.866.835.8612 ext. 3088
226.268.3427
[e-mail]