LONDON & NEW YORK–(BUSINESS WIRE)–Cazoo Group Ltd (NYSE: CZOO), the UK’s leading online car retailer, which makes buying and selling a car as simple as ordering any other product online, has sold its third party data platform, Cazana, for an undisclosed sum.
The disposal aligns with Cazoo’s strategy to focus on its core business as the leading online car buying and selling platform in the UK as opposed to providing data services to third parties. The agreement includes the sale of the Cazana brand, platform and commercial contracts and Cazoo will continue to benefit from the expertise gained from acquiring Cazana in 2021. The sale is not expected to have any material impact on anticipated revenues for Cazoo in 2023.
About Cazoo – www.cazoo.co.uk
Cazoo is the UK’s leading online used car retailer. Our mission is to transform the car buying and selling experience across the UK by providing better selection, value, transparency, convenience and peace of mind. Our aim is to make buying or selling a car no different to ordering any other product online, where consumers can simply and seamlessly buy, sell or finance a car entirely online for delivery or collection in as little as 72 hours. Cazoo was founded in 2018 by serial entrepreneur Alex Chesterman OBE and is a publicly traded company (NYSE: CZOO).
