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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.[1][2] Solera also provides digital identity management services,[3] as well as re-underwriting and data analytics for the automotive, property and casualty insurance industries.[2][4] Solera is active in 88 countries across six continents.[2][5]
 | This article contains promotional content. (April 2022) |
| This article may contain excessive or inappropriate references to self-published sources. (October 2021) |
 | |
| Company type | Private |
|---|---|
| Industry | Software |
| Founded | 2005 |
| Headquarters | Westlake, Texas |
Key people | Darko Dejanovic (CEO) |
| Revenue |  $1,140.85 Million USD (2015) |
Number of employees | 4,000 |
| Parent | Vista Equity Partners |
| Website | solera |
Solera became part of the S&P 400 after an Initial public offering in May 2007.[6] In March 2016, however, Solera was bought out by private equity firm Vista Equity Partners, once more becoming a private entity.[7]
Companies owned by Solera include HPI, Autodata, and Sidexa.[5][8]
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.[9] 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.[10]
In May 2007, Solera completed an IPO, trading on the New York Stock Exchange under the symbol "SLH".[11]
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.[12][13] The transaction was completed in March 2016.[7][13]
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.[2][14][15]
In 2021, Vista was reportedly planning to have Solera go public again via a special-purpose acquisition company (SPAC).[16][17]
- 2006: Acquisition of ADP including Audatex, Informex, Sidexa, ABZ, and Hollander[18]
- 2008: Acquisition of Inpart,[19] UCS, and HPI[20]
- 2009: Acquisition of AUTOonline[21]
- 2010: Acquisitions of Digidentity[22] and Market Scan[23]
- 2011: Acquisitions of Explore Information Services,[24] Sinexia,[25] See Progress,[26] Commerce Delta, and New Era
- 2012: Acquisitions of CarweB,[27] Actual Systems,[28] APU[29] and LMI[30]
- 2013: Acquisition of DST[31] and formation of a joint venture with SRS[32]
- 2014: Acquisitions of I&S,[33] CAP[34] and Sherwood[35]
- 2015: Acquisitions of Service Dynamics,[36] IBS Automotive[37] and DMEautomotive[38]
- 2016: Acquisition of Enservio,[15] and Autodata[39]
- 2017: Acquisition of Digidentity,[40] and Colimbra[41]
- 2021: Acquisition of Omnitracs and DealerSocket,[42]
- 2022: Acquisition of Spireon,[43]
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