AmeriCredit Chooses Wolters Kluwer Financial Services’ AppOne Platform to Help Support Expansion of Loan Originations in Auto Market

BATON ROUGE, La.--(BUSINESS WIRE)--Wolters Kluwer Financial Services announced today that independent automobile finance company AmeriCredit Corp. will utilize its AppOne platform to help further expand loan originations in the auto finance market.

“The AppOne platform allows us to expand loan originations through a network of independent dealers while mitigating certain risks associated with auto lending”

AmeriCredit, which has entered into a definitive agreement to be acquired by General Motors, will form the core of a new GM captive financing arm.

AppOne automates the indirect lending, credit approval and compliance processes for lenders and the auto, RV and marine dealers they work with.

“The AppOne platform allows us to expand loan originations through a network of independent dealers while mitigating certain risks associated with auto lending,” said Kyle Birch, Executive Vice President of Dealer Services, at AmeriCredit.

“We value our relationship with AmeriCredit. This is very positive news for our dealer customers, who are continually looking to build relationships with lending sources,” said Lee Domingue, CEO of Indirect Lending at Wolters Kluwer Financial Services.

About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2009) €3.4 billion ($4.8 billion) and approximately 20,000 employees worldwide. Please visit our Web site for more information.

About AmeriCredit
AmeriCredit Corp. is a leading independent automobile finance company that provides financing solutions indirectly through auto dealers across the United States. AmeriCredit has about 800,000 customers and approximately $9 billion in auto receivables. The Company was founded in 1992 and is headquartered in Fort Worth, Texas. For more information, visit www.americredit.com.

On July 22, 2010, AmeriCredit and General Motors (GM) announced they have entered into a definitive agreement for GM to acquire AmeriCredit. Under the terms of the agreement, which has been approved by both companies’ boards of directors, at closing, AmeriCredit shareholders will receive $24.50 in cash for each share of stock held as of the transaction closing date. The transaction is expected to close by the end of the fourth quarter of calendar 2010, pending certain closing conditions, including the approval of AmeriCredit shareholders.