WESTLAKE, Texas, Aug. 4, 2015 /PRNewswire/ --
- Solera expands its digital reach into vehicle valuation and inventory management with the acquisition of Netherlands-based Autodata.
- Autodata's solutions will enhance Solera's value proposition to its customers in the Netherlands as well as the global auto dealer marketplace.
- Solera plans to leverage Autodata technology to establish global standards for vehicle valuation methodology, starting with Europe.
Solera Holdings, Inc. (NYSE: SLH) today announced it has acquired Autodata B.V. ("Autodata"), a leading provider of vehicle valuation, inventory management and workflow software for automotive dealers and leasing companies in the Netherlands.
Autodata's fully integrated suite of vehicle valuation, inventory management and marketing services provides data on approximately one in every four pre-owned cars for sale in the Dutch marketplace. In addition to enhancing its customer value proposition, Solera plans to leverage Autodata's proprietary data to establish a standardized vehicle valuation methodology across Europe. Autodata's solutions will also be integrated with Solera's risk and asset management solutions that bring together property insurers, auto dealers, vehicle mechanics, car manufacturers and consumers into one digital marketplace.
"Autodata is an exciting, data-rich company that will strengthen our growing risk and asset platform, with a focus on Customer Relationship Management," said Tony Aquila, Solera's founder, Chairman and CEO. "Autodata's market leadership in vehicle valuation and dealer management software will deliver greater value not only to our customers in the Netherlands, but also to the global automotive marketplace."
Solera is a leading provider of risk and asset management software and services to the automotive and property marketplace, including the global P&C insurance industry. Solera is active in over 75 countries across six continents. The Solera companies include: Audatex in the United States, Canada and in more than 60 additional countries; HPI, CarweB and CAP Automotive in the United Kingdom; Informex in Belgium and Greece; Sidexa in France; ABZ and Market Scan in the Netherlands; Hollander serving the North American recycling market; AUTOonline providing salvage disposition in a number of European and Latin American countries; IMS providing medical review services; Explore providing data and analytics to United States property and casualty insurers; Identifix, providing solutions for the service, maintenance and repair ("SMR") market; AutoPoint and DMEautomotive, providing data-driven tools to enhance SMR experiences and facilitate customer retention and marketing solutions for the retail automotive industry; and I&S, a provider of software and business management tools, third-party claims administration, first notice of loss and network management services to the U.S. auto and property repair industries, specializing in glass claims. For more information, please refer to the Solera's website at www.solerainc.com.
Cautions about Forward-Looking Statements
This press release contains forward-looking statements, including statements about: the benefits of the acquisition of Autodata (the "Acquisition"), including the expansion of our risk and asset management solutions to bring together vehicle and property lifecycle participants into one digital marketplace; the integration of Autodata's solutions into existing Solera businesses to develop new products and services, including the development of a common valuation methodology across Europe; and the benefits and value of products and services to Solera's and Autodata's customers in the Netherlands and elsewhere, both alone or in conjunction with the products and services of other Solera group companies. These statements are based on our 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, our business and Autodata'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 Autodata's solutions with or into other Solera group offerings; continued adoption of Autodata's and the Solera group's products and services; the effects of competition on product and service pricing and Autodata's and the Solera group's business; our ability to obtain additional financing as necessary to support our business or operations; rapid technology changes in our industry; and effects of security breaches on our business and reputation. For a discussion of these and other factors that could impact our operations or financial results and cause our results to differ materially from those in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission, particularly our Quarterly Report on Form 10-Q for the Quarter Ended March 31, 2015. 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.
SOURCE Solera Holdings, Inc.