Solera Holdings Inc has acquired Colimbra Holding B.V., a Dutch provider of intelligent data management software and services for the automotive insurance industry. No financial terms were disclosed. Solera’s backers include Vista Equity Partners, Koch Industries and Goldman Sachs.
WESTLAKE, Texas, June 5, 2017 /PRNewswire/ — Solera Holdings, Inc. (“Solera” or the “company”), a global leader in data and software for automotive, home ownership and digital identity management, today announced it has augmented its technology portfolio in the Netherlands with the acquisition of Colimbra Holding B.V. (“Colimbra”). This is Solera’s second acquisition in the Netherlands during the last 6 months, and underscores the company’s commitment to intelligent data management and identity protection for the industries it serves. Colimbra, which specializes in intelligent data management software and services for the automotive insurance industry, represents the latest in a series of investments that strengthens Solera’s digital leadership in the Netherlands and across the globe.
“The Netherlands is an innovative market in the areas of financial services, digital identity protection, intelligent data management and transparency around the automotive industry,” said Tony Aquila, Solera’s founder, Chairman and CEO. “The Netherlands continues to be very technologically advanced, and over the past decade we have been able to help automate and integrate innovative technologies, facilitating transparency and efficiency in the Dutch market.”
Solera first entered the Dutch market in 2006 with its acquisition of claims processing data and software company, ABZ. In 2010, Solera broadened its risk and asset management platform with the acquisition of Market Scan, a leading provider of advanced analytics and data insights for the Dutch insurance industry. In 2011, Solera acquired Commerce Delta, a premier developer of collision repair shop management software. In August 2015, Solera acquired Autodata B.V., a market leader in vehicle valuation, inventory management and workflow optimization software for automotive dealerships and leasing companies. In a move to expand beyond the automotive and insurance industries, Solera earlier this year acquired 100% ownership of Digidentity, a next-generation provider of identity certification and authentication technologies serving customers that include the governments of the Netherlands and the United Kingdom. This acquisition followed an early-stage venture capital investment from Solera in 2010.
Solera’s most recent acquisition of Colimbra not only strengthens the Dutch technology company’s intelligent data management and exchange solutions for insurers and underwriters, but also enables the accelerated delivery of Colimbra’s innovative risk management applications for the broader financial services industry. The deal also advances Solera’s global mission to digitize the car ownership experience across the 54 touchpoints in a vehicle’s lifecycle.
“Many Dutch technology companies embrace Solera’s culture of customer-focused innovation, making the region ideal for both our Invent & Acquire strategy and the accelerated expansion of our risk and asset management solutions for life’s most important assets,” continued Aquila. “Solera’s recent acquisitions of Colimbra and Digidentity represent our relentless commitment not only to developing cutting-edge technologies for the Netherlands, but also to delivering best-in-class data and software solutions for our customers and partners around the world.”
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 45 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, Colimbra, Digidentity, Enservio, Explore Data, Hollander, Identifix, Inpart, LYNX and TitleTec, as well as the company’s flagship Digital Garage application. Today, Solera processes over 250 million transactions annually for approximately 200,000 partners and customers in nearly 90 countries. 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 solera.com, fb.com/solerainnovation, or @soleraworks on Instagram and @solerainc on Twitter.
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