Menlo Park, Calif. -- Openlane, the Menlo Park-based developer of an online auction site where automotive dealers buy and sell wholesale vehicles, on Tuesday named Daniel Farrar as its new CEO. Most recently, Farrar served as a general partner with Morgenthaler Partners, and he previously spent eight years as the CEO of GE Capital Fleet Services Europe. The news comes eight months after Openlane raised $25 million in a new round of funding led by Meritech Capital Partners. The 10-year-old company, which until early last year was known as ATC-Onlane, powers online remarketing programs for American Honda Finance, Audi Financial Services, Chrysler Financial, Ford Motor Credit, Porsche Financial Services and Volkswagen Credit, among others.
http://www.openlane-corp.com
http://biz.yahoo.com/bw/090203/20090203005437.html?.v=1
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