Solera Inc is an American company based in

Texas Texas ( , ; or ) is the most populous U.S. state, state in the South Central United States, South Central region of the United States. It borders Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the we ...

which provides

risk management Risk management is the identification, evaluation, and prioritization of risks, followed by the minimization, monitoring, and control of the impact or probability of those risks occurring. Risks can come from various sources (i.e, Threat (sec ...

and

asset protection Asset protection (sometimes also referred to as ''debtor-creditor law'') is a set of legal techniques and a body of statutory and common law dealing with protecting assets of individuals and business entities from civil money judgments. The goal o ...

software Software consists of computer programs that instruct the Execution (computing), execution of a computer. Software also includes design documents and specifications. The history of software is closely tied to the development of digital comput ...

and services to the

automotive industry The automotive industry comprises a wide range of company, companies and organizations involved in the design, Business development, development, manufacturing, marketing, selling, Maintenance, repairing, and Custom car, modification of motor ve ...

and

property insurance Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, or bo ...

marketplace. Solera also provides digital identity management services, as well as re-underwriting and data analytics for the automotive,

property and casualty General insurance or non-life insurance policy, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance is typically defined as any insurance that is not determine ...

insurance industries. Solera is active in 88 countries across six continents. Solera became part of the

S&P 400 The S&P MidCap 400 Index, more commonly known as the S&P 400, is a stock market index from S&P Dow Jones Indices. Overview The index serves as a gauge for the U.S. Market capitalization#Market cap terms, mid-cap equities sector and is the most ...

after an

Initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

in May 2007. In March 2016, however, Solera was bought out by

private equity firm A private equity firm or private equity company (often described as a financial sponsor) is an investment management company that provides financial backing and makes investments in the private equity of a Startup company, startup or of an existin ...

Vista Equity Partners Vista Equity Partners Management, LLC is an American private equity firm that invests in software, data, and technology-enabled businesses. It is one of the largest private equity firms in the world, managing over $100 billion in assets. Vista Eq ...

, 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 Tony Aquila, is an entrepreneur in the United States. He was the Chairman and CEO of Canoo Technologies before its bankruptcy in January 2025. Aquila has Italian and Lebanese roots. In 2005, Aquila launched Solera Holdings, an automotive tec ...

. In February 2006, private equity firm

GTCR GTCR LLC is a Chicago, Illinois-based private equity firm focused on leveraged buyout, leveraged recapitalization, growth capital and rollup transactions. The firm principally invests in high-growth industries, including financial services & te ...

announced a partnership with Aquila involving investments of up to $100 million of equity capital. In April 2006, Solera and private equity firm

announced the completion of their acquisition of the Claims Services Group of

Automatic Data Processing Automatic Data Processing, Inc. (ADP) is an American provider of human resources management software and services, headquartered in Roseland, New Jersey. History In 1949, Henry Taub founded Automatic Payrolls, Inc. as a manual payroll processin ...

(NYSE: ADP) for $975 million in cash. In May 2007, Solera completed an IPO, trading on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

under the symbol "SLH". In September 2015, Solera announced an agreement to be acquired by

Goldman Sachs The Goldman Sachs Group, Inc. ( ) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many internationa ...

Koch Industries Koch, Inc. () is an American Multinational corporation, multinational Conglomerate (company), conglomerate corporation based in Wichita, Kansas, and is the second-largest privately held company in the United States, after Cargill. Its subsidiarie ...

, 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 A special-purpose acquisition company (SPAC; ), also known as a blank check company or a blind-pool stock offering, is a shell corporation listed on a stock exchange with the purpose of acquiring (or merging with) a private company, thus taking ...

(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

{{authority control Privately held companies based in Texas Companies formerly listed on the New York Stock Exchange 2007 initial public offerings 2016 mergers and acquisitions Private equity portfolio companies