Solera Holdings, Inc.

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Solera Holdings, Inc. - overview

Established

2005

Location

Westlake, TX, US

Primary Industry

Software

About

Based in Texas, US, and founded in 2005, Solera Holdings, Inc. is a provider of risk management and asset protection software, data, services. As of January 2024, Darko Dejanovic is the Chief Executive Officer (CEO) of the company. In September 2015, Vista Equity Partners, Koch Equity Development, Baring Private Equity Asia, and Goldman Sachs submitted a bid to acquire Solera Holdings for USD 53 per share.


Later in September, Solera Holdings announced they reached an agreement to be acquired by Vista Equity Partners, Koch Equity Development, Baring Private Equity Asia, and Goldman Sachs for USD 6. 5 billion. Vista Equity Partners will hold a 52% controlling stake. The deal was completed in March 2016.


In February 2022, Solera Holdings, Inc. , a portfolio company of Baring Private Equity Asia, Goldman Sachs Merchant Banking Division, Koch Equity Development, and Vista Equity Partners, agreed to acquire Spireon, Inc. from Greenbriar Equity Group. Solera Holdings, Inc.


risk and asset management software and services to the automotive and property marketplace, including the global P&C insurance industry. The company offers Qapter, an AI-powered software solution that utilizes machine learning and computer vision algorithms to automatically detect damage and produce a professional car repair estimate. Qapter also helps insurers to accelerate decisions, reduce handling costs and settle claims faster, as well as digitalize the vehicle appraisal process at policy quote and inception, reducing inspection costs and potential fraudulent claims. It also offers fleet intelligence and safety platform, vehicle claims software and services to insurance carriers, online identity verification solutions, property and liability claims solutions, auto repair shop advertising and digital marketing, parts distribution management solutions, and more vehicle repair solutions.


Current Investors

EQT Private Capital Asia, Vista Equity Partners, Goldman Sachs Asset Management

Primary Industry

Software

Sub Industries

Business Support Services, Analytics & Performance Software, Accounting/Finance Software

Website

www.solera.com

Verticals

Artificial Intelligence, Artificial Intelligence, Cloud Computing, Mobile Apps

Company Stage

Mature

Total Amount Raised

Subscriber access only

Solera Holdings, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Corporate Carve Out, Secondary BuyoutCompletedSolera Auto Finance, LLC-
Add-on, Trade SaleAnnouncedSpireon, Inc.-
Add-onCompletedENData Pty Ltd-
Add-on, Trade SaleCompletedeDriving, LLC-
Add-on, Trade SaleCompletedDealerSocket, Inc.-

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