- Source: Solera Holdings
Solera Inc is an American company based in Texas which provides risk management and asset protection software and services to the automotive industry and property insurance marketplace. Solera also provides digital identity management services, as well as re-underwriting and data analytics for the automotive, property and casualty insurance industries. Solera is active in 88 countries across six continents.
Solera became part of the S&P 400 after an Initial public offering in May 2007. In March 2016, however, Solera was bought out by private equity firm Vista Equity Partners, once more becoming a private entity.
Companies owned by Solera include HPI, Autodata, and Sidexa.
Company history
Solera was founded in January 2005 by American businessman Tony Aquila. In February 2006, private equity firm GTCR announced a partnership with Aquila involving investments of up to $100 million of equity capital. In April 2006, Solera and private equity firm GTCR announced the completion of their acquisition of the Claims Services Group of Automatic Data Processing (NYSE: ADP) for $975 million in cash.
Solera acquired operating companies that employ over 2,000 associates in 31 countries in the deal and generated over $410 million in annual revenue from more than 50,000 global customers.
In May 2007, Solera completed an IPO, trading on the New York Stock Exchange under the symbol "SLH".
In September 2015, Solera announced an agreement to be acquired by Vista Equity Partners, Goldman Sachs, Koch Industries, and other affiliated investors for approximately $6.5 billion. The transaction was completed in March 2016.
In July 2016, Solera announced it had entered into a definitive agreement to acquire Enservio, Inc, a Massachusetts-based company that provides software and services to the property contents insurance marketplace.
In 2021, Vista was reportedly planning to have Solera go public again via a special-purpose acquisition company (SPAC).
Timeline of Acquisitions
2006: Acquisition of ADP including Audatex, Informex, Sidexa, ABZ, and Hollander
2008: Acquisition of Inpart, UCS, and HPI
2009: Acquisition of AUTOonline
2010: Acquisitions of Digidentity and Market Scan
2011: Acquisitions of Explore Information Services, Sinexia, See Progress, Commerce Delta, and New Era
2012: Acquisitions of CarweB, Actual Systems, APU and LMI
2013: Acquisition of DST and formation of a joint venture with SRS
2014: Acquisitions of I&S, CAP and Sherwood
2015: Acquisitions of Service Dynamics, IBS Automotive and DMEautomotive
2016: Acquisition of Enservio, and Autodata
2017: Acquisition of Digidentity, and Colimbra
2021: Acquisition of Omnitracs and DealerSocket,
2022: Acquisition of Spireon,
References
Kata Kunci Pencarian:
- Daftar perusahaan yang tercatat di Bursa Efek New York (S)
- Solera Holdings
- Tony Aquila
- Vista Equity Partners
- Darko Dejanovic
- List of chief executive officers
- List of companies in the Dallas–Fort Worth metroplex
- HPI Ltd
- Companies listed on the New York Stock Exchange (S)
- Kurt Joachim Lauk
- Autodata