Solera Holdings
 |
|
| Private | |
| Industry | Software |
| Founded | 2005 |
| Headquarters |
 Westlake, Texas
|
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Key people
|
Tony Aquila (CEO) |
| Revenue |
 $1,140.85 Million USD (2015) |
|
Number of employees
|
5,500 |
| Website | solera |
Solera Holdings 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 solutions for the property and casualty insurance industries. Solera is active in 78 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 ABZ, APU, Audatex, AUTOonline, AudaExplore, CAP, DST, Digidentity, Explore Data, Hollander, HPI, Identifix, Informex, Inpart, LYNX Services, Market Scan, sachcontrol, and Sidexa.
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. In the deal, Solera acquired operating companies that employ over 2,000 associates in 31 countries and generate over $410 million in annual revenue from more than 50,000 global customers.
In May 2007, Solera completed an IPO, trading on the under the symbol "SLH".
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Wikipedia