Carmel, Indiana based NextGear Capital received the Tech Services Award for IT to Support the Business during TechPoint’s 16th annual Mira Awards honoring the best of tech in Indiana. NextGear Capital is the world’s leading independent inventory finance company, providing flexible lines of credit for car dealers to purchase new and used inventory at over 1,000 auto and specialty auctions and other inventory sources throughout the U.S., Canada and the U.K.
NextGear Capital’s products and services allow dealers to floor plan nearly any type of remarketed unit in automotive retail, wholesale, salvage or specialty, including recreational vehicles and trailers, marine, powersports, used heavy trucks, auto salvage and auto daily rentals. NextGear Capital is distinguished by 24/7 account access, cutting-edge technology and industry expertise.
NextGear Capital’s growth in 2014 was nothing short of astonishing with receiveables increasing by 50 percent to nearly $3 billion. The Mira Awards judges also recognized the company’s dedication to growing its Indiana workforce, which added 85 employees last year with 30 more in progress this year.
It was developing and implementing a proprietary ERP/CRM/mobile platform — upon which NextGear operates its entire business — that directly contributed to doubling the company’s revenue last year.
These accomplishments are particularly impressive when considering that NextGear had only recently built its technology team, bringing it in-house in late 2013, after having outsourced software development for years.
TechPoint, Indiana’s tech ecosystem accelerator, honored 15 companies, entrepreneurs and educators on May 2, at the Mira Awards gala presented by BKD CPAs & Advisors. Mira — Latin for miracle and a variable star thousands of times brighter than the Earth’s sun — represents the best of tech in Indiana each year.
Forty-three independent, volunteer judges spent more than 700 collective hours reviewing and ranking the applications, interviewing the nominees and choosing the winners. Judges are primarily subject matter experts and experienced company founders and executives.
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