WESTLAKE, Texas, June 5, 2017 /PRNewswire/ -- Solera
Holdings, Inc. ("Solera" or the "company"), a global leader in data
and software for automotive, home ownership and digital identity
management, today announced it has augmented its technology
portfolio in the Netherlands with
the acquisition of Colimbra Holding B.V. ("Colimbra"). This is
Solera's second acquisition in the
Netherlands during the last 6 months, and underscores the
company's commitment to intelligent data management and identity
protection for the industries it serves. Colimbra, which
specializes in intelligent data management software and services
for the automotive insurance industry, represents the latest in a
series of investments that strengthens Solera's digital leadership
in the Netherlands and across the
globe.
"The Netherlands is an
innovative market in the areas of financial services, digital
identity protection, intelligent data management and transparency
around the automotive industry," said Tony Aquila, Solera's
founder, Chairman and CEO. "The
Netherlands continues to be very technologically advanced,
and over the past decade we have been able to help automate and
integrate innovative technologies, facilitating transparency and
efficiency in the Dutch market."
Solera first entered the Dutch market in 2006 with its
acquisition of claims processing data and software company, ABZ. In
2010, Solera broadened its risk and asset management platform with
the acquisition of Market Scan, a leading provider of advanced
analytics and data insights for the Dutch insurance industry.
In 2011, Solera acquired Commerce Delta, a premier developer of
collision repair shop management software. In August 2015, Solera acquired Autodata B.V., a
market leader in vehicle valuation, inventory management and
workflow optimization software for automotive dealerships and
leasing companies. In a move to expand beyond the automotive
and insurance industries, Solera earlier this year acquired 100%
ownership of Digidentity, a next-generation provider of identity
certification and authentication technologies serving customers
that include the governments of the
Netherlands and the United
Kingdom. This acquisition followed an early-stage venture
capital investment from Solera in 2010.
Solera's most recent acquisition of Colimbra not only
strengthens the Dutch technology company's intelligent data
management and exchange solutions for insurers and underwriters,
but also enables the accelerated delivery of Colimbra's innovative
risk management applications for the broader financial services
industry. The deal also advances Solera's global mission to
digitize the car ownership experience across the 54 touchpoints in
a vehicle's lifecycle.
"Many Dutch technology companies embrace Solera's culture of
customer-focused innovation, making the region ideal for both our
Invent & Acquire strategy and the accelerated expansion of our
risk and asset management solutions for life's most important
assets," continued Aquila. "Solera's recent acquisitions of
Colimbra and Digidentity represent our relentless commitment not
only to developing cutting-edge technologies for the Netherlands, but also to delivering
best-in-class data and software solutions for our customers and
partners around the world."
About Solera
Founded and continuously led by inventor and entrepreneur Tony
Aquila, Solera is a global leader in digital technologies that
manage and protect life's most important assets: our cars, homes
and identities. Since its inception in 2005 as a garage-based
startup, Solera has grown aggressively with over 45 acquisitions
across its Risk Management Solutions, Service Maintenance &
Repair, and Customer Retention Management platforms. The company's
current product solutions include Audatex, Autodata, AutoPoint,
CAP/HPI, Colimbra, Digidentity, Enservio, Explore Data, Hollander,
Identifix, Inpart, LYNX and TitleTec, as well as the company's
flagship Digital Garage application. Today, Solera processes over
250 million transactions annually for approximately 200,000
partners and customers in nearly 90 countries. Unified by a strong
culture that values uncommon entrepreneurial thinking and
continuous "do-it-different" innovation, Solera's global workforce
of 6,000+ associates comes from diverse forward-thinking industries
that include automotive technology, artificial intelligence,
software development, data sciences, cybersecurity, cognitive
design, and digital identity protection. Solera went public on the
NYSE in 2007 under the stock symbol "SLH", joined the S&P 400
in 2009, and went private in 2016 in a $6.5
billion transaction backed by leading investors that include
Vista Equity Partners, Koch Industries and Goldman Sachs. For more
information, please visit solera.com, fb.com/solerainnovation, or
@soleraworks on Instagram and @solerainc on Twitter.
Cautions about Forward-Looking Statements
This press
release contains forward-looking statements, including statements
about the benefits of the acquisition of Colimbra (the
"Acquisition"), including, but not limited to: Solera's and
Colimbra's expected continued growth in the delivery of intelligent
data management, risk management and information exchange
solutions; and Solera's continued ability to digitize the car
ownership experience across the vehicle lifecycle, and provide
digital leadership and proliferate its innovative products and
services across the globe. These statements are based on Solera's
current expectations, estimates and assumptions and are subject to
many risks, uncertainties and unknown future events that could
cause actual results to differ materially. Actual results may
differ materially from those set forth in this press release due to
the risks and uncertainties inherent in transactions of this
nature, Solera's business and Colimbra's business, including,
without limitation: the failure to realize the expected benefits of
the Acquisition; risks associated with and possible negative
consequences of acquisitions, investments, joint ventures and
similar transactions; successfully integrating Colimbra's solutions
with or into other Solera group offerings, including but not
limited to, Solera's existing risk management solutions products
and services; continued adoption of Colimbra's and the Solera
group's products and services; effects of competition on product
and service pricing of Colimbra's and the Solera group's business;
Solera's ability to obtain additional financing as necessary to
support its business or operations; rapid technology changes in
Solera's industry; and effects of security breaches on Solera's
business and reputation. Solera is under no obligation to (and
specifically disclaims any such obligation to) update or alter its
forward-looking statements whether as a result of new information,
future events or otherwise.
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SOURCE Solera Holdings, Inc.