Saturday, October 23, 2021
68.5 F
Fort Worth

North Texas firm to acquire SaaS software provider

🕐 1 min read

Solera Holdings Inc., a global provider of software and services to the automobile insurance claims processing and decision support industries, said July 19 it will acquire Enservio Inc., the largest provider in the United States of SaaS-based software and services to the property contents insurance marketplace.

Terms of the acquisition were undisclosed. The acquisition is subject to certain closing conditions and is expected to close during the third quarter of 2016.

Founded in 2004 and backed by Bain Capital Ventures and Matrix Partners, Enservio is headquartered in Needham, Mass., with offices and professional staff across the U.S.

The acquisition of Enservio will expand Solera’s asset management and risk protection technologies, adding another component to the company’s Digital Home platform, according to Tony Aquila, Solera’s founder, chairman and CEO.

“With more than $10 billion in contents claims history, Enservio’s solutions are trusted by the finest and most reputable insurers in the U.S.,” said Aquila. “We look forward to working with Enservio’s leadership team to deliver even more innovative solutions to all participants in the asset ownership marketplace – at a pace faster than ever before.”

Founded in 2005, Solera Holdings Inc. is headquartered in Westlake. In 2007, Solera went public on the New York Stock Exchange and went private in 2016 in a $6.5 billion transaction backed by leading investors that included Vista Equity Partners, Koch Industries and Goldman Sachs. The company employs more than 5,500 people and is active in more than 78 countries. Solera’s product platforms include Audatex, AutoPoint, CAP/HPI, Digidentity, Explore Data, Hollander, Identifix, Inpart and TitleTec and its flagship application, Digital Garage.

Related Articles

Our Digital Sponsors

Latest Articles

Texas Rangers
Fort Worth Business Press Logo
This advertisement will close in
00
Months
00
Days
00
Hours
00
Minutes
00
Seconds
seconds..
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate