Solera is the leading global provider of software and services to the automobile insurance claims processing industry. For almost half a century, products and solutions developed by Solera companies have helped insurance carriers, collision repair facilities, automotive recyclers and financial services firms streamline their business operations and operate more efficiently.
Below is a timeline briefly outlining many of our corporate milestones. Solera will continue to leverage our operating principles and drills in order to drive customer and shareholder value as we march towards our goal of $1 billion in revenue and $450 million in EBITDA by Fiscal Year 2014.
- Solera purchases HyperQuest, a provider of proprietary, web-based subrogation solutions and disruptive software tools that lower processing costs and provide objectivity to both subrogation claims and out-of-network claims.
- Solera acquires CarweB, a provider of vehicle history and vehicle-specific technical data products and services to the UK market.
- Solera acquires Mensaelect, whose web-based solution streamlines the invoicing process between Spanish body shops and insurers and provides body shops with faster, more efficient payments from insurance companies.
- Solera acquires assets from APU, a cloud-based locator of recycled, aftermarket, reconditioned and surplus original equipment parts for the vehicle repair industry.
- Solera acquires TitleTec, whose proprietary web-based platform allows automotive dealerships to streamline operations and improve the customer purchasing experience by assembling and processing the data necessary to electronically register a vehicle, produce a title, and issue a permanent or temporary tag real-time at the point of sale.
- Solera acquires License Monitor, Inc. a provider of sophisticated driver violation monitoring solutions that enable operators of government and commercial vehicle fleets to quickly ascertain driver violation activity and license status changes, thereby enabling the operator to manage and mitigate risk on a real-time basis.
- Solera acquires Actual Systems, a global provider of premier parts recycling yard management systems.
- Solera announces global cooperation agreement with Allianz, a leading global financial services provider.
- Solera purchases a majority stake in Sinexia Corporación Tecnológica, S.A., a Spain-based provider of workflow solutions for insurers and assessors.
- Solera purchases K&S Beheer B.V., the Netherland’s premier collision repair shop management system.
- Solera purchases See Progress, Inc., a U.S.-based provider of vehicle repair stats software solutions.
- Solera purchases New Era Software LLC, a U.S.-based provider of body shop management systems.
- Solera operating company, Hollander, agrees to purchase assets from Inventory Technology Systems, Inc., a U.S. provider of solutions that significantly enhances salvage yard profitability.
- Solera completes acquisition of Explore Information Services, LLC, a leading U.S. provider of innovative data and analytics services used by automotive property and casualty insurers.
- Solera posts FY2011 revenues of $684.7 million and adjusted EBITDA of $295.3 million.
- Solera moves its worldwide corporate headquarters from San Diego, CA to Westlake, TX (located in the Dallas/Fort Worth metroplex) to help the company better serve the needs of its global clients.
- Solera acquires Market Scan Holding B.V., a leading data analytics and software firm serving the Dutch insurance industry.
- Solera purchases a minority equity stake in Digidentity B.V., a Dutch company providing next-generation E-identification certificates used for authentication of online identities.
- Solera posts FY2010 revenues of $613.3 million and adjusted EBITDA of $261.9 million.
- The Company signs an agreement to acquire up to 100% of AUTOonline GmbH Informationssyteme, a leading European eSalvage vehicle exchange platform which brings together buyers and sellers of salvage and fleet remarketing vehicles.
Solera posts FY2009 revenues of $557.7 million and adjusted EBITDA of $208.6 million.
- HPI becomes part of the Solera Holdings, Inc. group of companies.
- The Company acquires Universal Consulting Software GmbH, a leading provider of software and services to collision repair facilities in Germany with more than 1,200 collision repair facility customers.
- Solera acquires Inpart Servicos Ltda., a leading electronic exchange for the purchase and sale of vehicle replacement parts in Brazil.
Solera posts FY2008 revenues of $539.9 million and adjusted EBITDA of $185.5 million.
- Solera completes a $420 million initial public offering. Audatex enters an additional 14 countries.
- Company completes a secondary stock offering.
- Solera acquires ADP Claims Services Group together with leading U.S. private equity firm GTCR Golder Rauner, LLC.
- ADP Claims Services Group acquires ABZ, the Audatex licensee in the Netherlands, and expands business to provide new technology services beyond automotive claims.
- ADP Claims Services Group acquires Audatex and continues European, Middle Eastern and African operations under the Audatex brand. ADP Claims Services Group expands the business to include an additional 16 countries. The North America operation launches ClaimsFlo, an automated business process application.
- ADP Claims Services Group acquires Hollander, the North American auto recycling and parts yard management systems provider. Audatex expands its business to more than 10 European countries.
- ADP Claims Services Group launches the North American market's first portable, handheld, automated vehicle estimating application.
- Audatex establishes business operations in the United Kingdom.
- ADP Claims Services Group acquires AutoTrak, and expands its product offerings to include automotive total loss valuation services.
- Audatex establishes the Sidexa brand and business operations in Belgium.
- Automatic Data Processing, Inc. (ADP) Claims Services Group in North America acquires the licensing rights for the Audatex automated vehicle repair estimating application from Itel Corporation.
- SwissRe grants an exclusive North American license for Audatex to Fireman's Fund Insurance Company. The insurance carrier becomes the first North American provider of automated vehicle collision partial loss estimating. Later, the North American license is assigned to Itel Corporation.
- Audatex is established with the SwissRe acquisition of Audatex Reuter, the world's first automated vehicle repair estimating application.