“In light of the court's decision, we have jointly decided to terminate the merger," stated Githesh Ramamurthy, chairman and CEO of CCC. “A year ago when we announced the transaction, our stated objective was to deliver greater innovation to our customers and partners. This theme has remained a constant and will continue to be at the forefront of our efforts.”
CCC provides software, communications systems, and Internet- and wireless-enabled technology to the automotive claims and collision repair industries. Mitchell provides information, workflow and performance management solutions to the insurance claims and automotive repair industries.
“Serving our customers has always been our primary focus,” said Alex Sun, president and CEO of Mitchell International. “We have reached the point in the regulatory process in which our customers, employees and shareholders are best served by continuing as independent companies.”
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