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Zag: 100,000 Cars Sold, Profitable

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Santa Monica-based Zag , which develops online car buying software, announced Monday that it has hit the 100,000 cars sold mark on its service. The firm said that the brands using its online car buying software--including USAA, AAA, American Express and Overstock--sold over 100,000 new and used vehicles since launching in 2006.

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Zag Raises $11.1M More

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Santa Monica-based Zag , the online auto buying software firm headed by Scott Painter, has raised $11.1M Zag is developing auto buying and configuration software used by groups such as the AAA, USAA, Overstock.com, and other groups to provide their members with pre-negotiated fleet and group rates on new automobiles.

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Zag Targets Insurers WIth Auto Buying Program

socalTECH

Santa Monica-based Zag , the auto-buying software firm headed by Scott Painter, said today that it has launched a new auto buying program specifically targeted at auto insurers. Zag said it will offer the program at no cost to insurers or program users. Tags: automotive auto insurance buying software total loss.

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Zag Spins Out TrueCar

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Santa Monica-based Zag, the online car buying software firm headed by former CarsDirect CEO Scott Painter, has spun out a new company called TrueCar, the firm said late Wednesday. All of the venture funders in TrueCar are investors in Zag, and amount of the investment was not disclosed.

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Zag Round Totals $37.4M

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Santa Monica-based Zag has finally revealed the total invested in its latest, strategic round of funding, saying Thursday that it raised $37.4M. USAA is an affinity group which is using Zag's automotive configuration software and services. Tags: venture software capital automotive. READ MORE>>.

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Zag Powers AAA Service

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Santa Monica-based Zag.com , the online car buying software firm headed by Scott Painter, announced this morning that it has inked a deal with the AAA, to power a new service called AAA Automaker. Zag is venture backed by Anthem Venture Partners, USAA, GRP Partners, Arcturus Capital, Callaway Cars and the Skoll Fund. READ MORE>>.

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Zag Adds Another AAA Group

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Santa Monica-based Zag, which is developing software for auto buying programs, has signed on another AAA group as a customer. According to Zag, AAA Mid-Atlantic has just unveiled a auto buying program which is powered by the firm's software. million members. READ MORE>>

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