KAR Auction Services Adds Asset Recovery Platform

KAR Auction Services has acquired Reno, Nev.-based Clearplan, a digital platform for recover agents, drivers, forwarders, and lenders that provides a centralized hub for repo workflow and logistics management.

The acquisition of the cloud-based platform bolsters KAR's software-as-a-service capabilities, which now includes the Recovery Database Network.

"KAR is focused on leveraging the best in digital technology to help our customers operate more efficiently and effectively," said Peter Kelly, KAR's president of digital services. "Clearplan quickly established itself as a market leader by developing a data-driven, user-friendly communications platform. By integrating Clearplan with our existing capabilities, we will be able to offer smarter, faster and more convenient solutions that serve the entire asset recovery ecosystem."

Agents can communicate directly with each other and track the process.

Clearplan launched in 2014 to streamline the vehicle recovery process. The company will continue to operate from its Nevada headquarters.