Announcement – TSI to focus on licensed software growth in Auto Industry with sale of Non-Auto Professional Services Division.

(Moncton, CANADA) Aug. 1, 2017 — TSI Auto Solutions Inc. (TSI), a data company that provides real-time financial and non-financial business performance data analysis software and services to the automobile industry, has announced that it is selling the former Tech Knowledge Solutions Inc. (TKS) division so it can focus on the growth plan for its licensed software. In 2014, TSI acquired TKS to assist in the build of the next generation platform and to build in-house technical expertise at TSI. Now that the platform has been in market for over a year, and with technical resources and knowledge in place, TSI announced that it will focus on its core software in the automotive sector and has sold its interests in professional services to a new company who will revert back to operating under the name TKS. This action allows both companies to focus on different business strategies.

“Over the past three years, the professional services team has been able to mature and gain significant experience working with TSI. It has exposed us to international markets and many opportunities to learn and deliver our services,” said new TKS CEO Roddy Awad. “We are excited for this new chapter. It will allow the organization, TKS, to focus our attention on a vision specific to our business model.”

“We wish the TKS team, nothing but the best, in their future endeavors,” said TSI CEO Jane Ravenshaw. “It has become clear, that it is not pragmatic to have two different business models, focusing on different market strategies; different both by sector and by geography. Separating the Service division from the Product division, will allow both companies to focus attention on unique growth opportunities.”

TKS will continue to serve current and new customers from its location in Moncton, New Brunswick.

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About Tech Knowledge Solutions Inc.
Tech Knowledge Solutions Inc. (TKS), is a technology services and solutions provider based in Atlantic Canada that specializes in project management, solutions architecture and optimization, software development and quality assurance testing. With clients in the U.S. and Canada, TKS also provides custom software solutions and IT Right Sourcing services to support and augment existing technology departments in meeting their business needs and requirements. For more information on TKS, contact info@tks.ca.

About TSI Auto Solutions Inc.
A leader in delivering state-of-the-art business management solutions, TSI is a data company that provides real-time financial and non-financial performance data analysis software and services for the automobile industry. TSI has a versatile suite of products that encompasses data cleansing, dealership reporting, OEM and Dealer Group reporting, business and performance management, forecasting, as well as a field and dealer contact management solution. TSI currently has 11 OEMs using the software in Canada and Australia. For more information about TSI, visit www.tsiautosolutions.com

For further information, contact:
Brian Palmer
Sales & Marketing Analyst
brian.palmer@tks.ca

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