PE-backed Solera completes Autodata acquisition


Solera Holdings Inc has closed its previously announced acquisition of Autodata, a provider of tech information and knowledge solutions for the automotive service, maintenance and repair sector. No financial terms were disclosed. Solera’s backers include Vista Equity Partners, Koch Industries and Goldman Sachs.

PRESS RELEASE

WESTLAKE, Texas, Jan. 30, 2017 /PRNewswire/ — Solera Holdings, Inc., a global leader in data and software for the automotive, home ownership and digital identity management ecosystems, today announced that it has completed the acquisition of Autodata, a leading provider of technical information and knowledge solutions for the automotive service, maintenance and repair industry.

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 40 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, Digidentity, Enservio, Explore Data, Hollander, Identifix, Inpart, LYNX and TitleTec, as well as the company’s flagship Digital Garage application. 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 www.solera.com, fb.com/solerainnovation, or @soleraworks on Instagram and Twitter.

About Autodata
Established in 1975, Autodata is a trusted world leader in providing technical information to the automotive aftermarket. Autodata develops products for use in automotive workshops for the repair and servicing of cars and motorbikes, as well as corporate solutions for companies requiring custom platforms or integrations. Autodata’s technical information and knowledge solutions cover 136 manufacturers and over 40,000 vehicle models worldwide. For more information about Autodata, please visit www.autodata-group.com/uk.

Take your pick!

  • Buyouts delivers exclusive news and analysis about private equity deals, fundraising, top-quartile managers and more. Get your FREE trial or subscribe now.
  • VC Journal provides exclusive news and analysis about venture capital deals, fundraising, top-quartile investors and more. Get your FREE trial or subscribe now.