Cazoo (CZOO) Sells Cazana Data Platform

Cazoo Group Ltd (NYSE: CZOO) (“Cazoo” or the “Company”), the UK’s leading online car retailer, which makes buying and selling a car as simple as ordering any other product online, has sold its third party data platform, Cazana, for an undisclosed sum.

The disposal aligns with Cazoo’s strategy to focus on its core business as the leading online car buying and selling platform in the UK as opposed to providing data services to third parties. The agreement includes the sale of the Cazana brand, platform and commercial contracts and Cazoo will continue to benefit from the expertise gained from acquiring Cazana in 2021. The sale is not expected to have any material impact on anticipated revenues for Cazoo in 2023.

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