Solera Holdings, Inc. To Acquire Autodata
Solera Holdings, Inc., a global leader in data and software for the automotive, home ownership and digital identity management ecosystems and parent company of Hollander, Inc. and Audatex, announced it has entered into a definitive agreement to acquire Autodata, a leading provider of technical information and knowledge solutions for the automotive service, maintenance and repair (SMR) industry.
“Throughout a car’s life, there are over 54 transactions that occur between motorists and automotive businesses,” said Tony Aquila, Solera’s founder, Chairman and CEO. “One of Solera’s missions is to digitize the vehicle ownership ecosystem by developing cognitive applications that not only power connectivity and engagement, but also proliferate awareness and transparency across the entire automotive lifecycle.”
Founded in 1975, UK-based Autodata has evolved from publishing iconic do-it-yourself manuals for car enthusiasts and garages, to delivering fully digital cloud-based diagnostics and repair intelligence for professional mechanics. Powered by data from 136 vehicle manufacturers covering over 40,000 models worldwide, Autodata’s solutions today are deployed by over 90,000 repair shops in over 40 countries for best-in-class coverage, accuracy, reliability, and efficiency.
“Solera’s proprietary Invent & Acquire strategy drives both the innovation and proliferation of our data and software platforms,” continued Aquila. “The acquisition of Autodata will not only complement our expanding / existing suite of digital SMR solutions, such as Identifix and Inpart, but will also accelerate the expansion of Solera’s asset protection and risk management solutions in emerging and maturing markets across the globe.”
Since its inception in 2005, 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, AutoPoint, CAP/HPI, Digidentity, Enservio, Explore Data, Hollander, Identifix, Inpart, LYNX and TitleTec, as well as the company’s flagship Digital Garage application. 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.