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CCC Valuescope Inc history
CCC Valuescope Inc company history timeline
In late 1983, Tullman took CCC public, raising $5 million to expand the business.
Tullman, who had other entrepreneurial interests, attempted to sell the company in 1986.
Despite his ambitious plans for CCC, in the summer of 1987 Tullman again attempted to sell the company, this time to Fort Lauderdale-based SafeCard Services Inc., provider of credit card protection services, in a stock exchange valued at $99 million.
The company introduced EZEst in 1990, the first estimating tool in the auto industry that worked on a personal computer rather than a mainframe.
For the year 1996, the company generated sales of $131 million, resulting in a net profit of $14.8 million.
The next major product launch came in 1998 with the Pathways Image Library.
CCC's adoption of a new economy strategy was ill fated, however, as the Internet bubble burst and the stock market began to plummet in 2000.
"Powering the Auto Claims Evolution," Claims , December 2001,p.
As a result of these steps, CCC was able to rebound in 2002, trimming its debt and returning to profitability, netting $22.7 million on sales of $191.9 million.
In 2003, CCC increased its repair shop customer base by acquiring Columbus, Ohio-based Comp-Est Estimating Solutions Inc. from Hearst Corp.
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