GOVERNOR MCAULIFFE JOINS CARFAX TO CELEBRATE MAJOR EXPANSION

Gov’t Officials and Others Recognize Commitment to Consumer Advocacy, Innovation and Culture

CENTREVILLE, Va. (June 17, 2016) – Virginia Governor Terry McAuliffe today joined government officials, local business leaders, dozens of guests and more than 700 Team Carfax members to celebrate the completion of a major company expansion. With support from the Governor and the Virginia Economic Development Partnership (VEDP), Carfax has invested more than $5 million to expand its headquarters, invest in new technology, and eventually create more than 120 new jobs.

“The expansion of Carfax is an excellent reflection of the strong business environment in Fairfax County and Virginia, and I am pleased to congratulate the company for their success,” said Governor Terry McAuliffe. “As we work to bring new jobs and investments to the Commonwealth, we are also making significant strides helping existing Virginia businesses grow. We will continue to work with Virginia businesses to build on the success we are having building the new Virginia economy.”

“Companies like Carfax are a vital component in our new Virginia economy, “said Secretary of Commerce and Trade Maurice Jones. “I want to congratulate Carfax on both the exciting new expansion and the deep commitment to their team members. Our workforce is our most valuable asset, and I thank Carfax for sharing our goal to make Virginia the best place to work and live.”

Carfax also announced it has earned national recognition as a Top Workplace in Greater Washington. Carfax has been recognized for its distinct culture, focus on collaboration and commitment to innovation by numerous organizations over the years. This latest distinction has been awarded to Carfax three times in a row. Most meaningfully, it’s based entirely on employee feedback.

“It is an honor for us to share such an important day in Carfax history with the Governor, our Congressmen and all our invited guests,” said Carfax president Dick Raines. “Thanks in part to the support of the Governor and Fairfax County, we will continue helping millions of people from a state-of-the-art workspace where our employees come to succeed and grow. Earning recognition as a Top Workplace speaks to the pride Team Carfax has in our products and the respect we have for one another.”

Dick Raines was recently recognized as one of the Top Rated CEO’s in the United States by Glassdoor.

The Carfax expansion project was secured for Virginia by the VEDP, working in conjunction with the Fairfax County Economic Development Authority (EDA) and Loudoun County. To help support the project, Governor McAuliffe approved a $150,000 grant from the Commonwealth’s Opportunity Fund. With help from world-renowned architectural firm Gensler, as well as Cushman & Wakefield and Northern Virginia-based rand* construction, Carfax employees now enjoy a workspace designed to promote collaboration, transparency and wisdom of crowds, core principles of the Carfax Playbook.

“Working together with the Carfax leadership team, we designed a space that tells the Carfax story, promotes the brand, encourages collaboration, and offers a community space for casual meetings and fun,” shared Jordan Goldstein, Managing Principal at Gensler.

Carfax has been part of the Northern Virginia business community for 23 years and was one of the first technology companies to help establish the Dulles Corridor as one of the nation’s leading tech hubs. The company maintains the largest vehicle history database ever assembled, comprising more than 16 billion records from over 92,000 sources worldwide. Carfax also handles more than 2.7 million requests for vehicle history information every day.

“Congratulations to Carfax on its continued growth and expansion here in Virginia,” said Rep. Gerald E. Connolly. “It is innovative tech companies like Carfax that have helped turn Northern Virginia into Silicon Valley of the East; providing hundreds of Northern Virginians highly skilled and rewarding jobs.”

“This expansion cements Carfax as an integral partner to Northern Virginia families, law enforcement, and businesses,” said Rep. Beyer.

“Carfax is an excellent example of a company that is diversifying the Fairfax County economic base as it grows,” said Gerald L. Gordon, Ph.D., president and CEO of the Fairfax County Economic Development Authority (FCEDA). “This is a leading firm in the automotive and data-analytics sectors that is taking full advantage of the excellent IT-based workforce we have, and we are delighted to have the opportunity to help the company expand its presence in the county.”

Team Carfax highlighted the company’s history in Virginia, clear vision and core business principles during the Governor’s visit. Guests also got to see the pet-friendly environment at Carfax, and learn about the many other unique benefits that make Carfax a well-recognized Top Workplace.

For opportunities to join Team Carfax, visit www.carfax.com/careers.

Images of today’s celebration with Gov. McAuliffe at Carfax Headquarters are available on the Carfax Press Center, as well as the Carfax Facebook and Carfax Twitter accounts.

About Carfax (www.carfax.com)

Carfax, a unit of IHS Inc. (NYSE: IHS), is the vehicle history expert for used car buyers, sellers and the automotive industry. Carfax created the Vehicle History Report in 1986 and continues to develop innovative services – like Carfax Used Car Listings and myCarfax – that make it easier to buy, sell and own a used car. The company maintains a database comprising over 16 billion vehicle history records from more than 92,000 sources worldwide. Get a free Carfax® Vehicle History Report from dealers with every used car for sale on Carfax.com or look for Carfax Advantage™ dealers in your area and say ‘Show Me the Carfax™’. Based in Englewood, Colorado, USA, IHS is the leading global source of information, insight and analytics in the automotive industry and other critical areas that shape today’s business landscape.

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FOR IMMEDIATE RELEASE

Contact: Christopher Basso

Carfax Public Relations

Phone (703) 934-2664