Solera Holdings Inc., a Westlake-based global provider of data and software for the automotive, home ownership and digital identity management ecosystems, said Jan. 4 it will acquire Autodata, a provider of technical information and knowledge solutions for the automotive service, maintenance and repair industry.
Terms of the acquisition were not disclosed.
“The acquisition of Autodata will not only complement our expanding/existing suite of digital SMR solutions, but will also accelerate the expansion of Solera’s asset protection and risk management solutions in emerging and maturing markets across the globe,” 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 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. Autodata has been owned by Bowmark Capital and Rothschild & Co.’s Five Arrows Principal Investments since 2014.
Since its inception in 2005, Solera has grown with over 40 acquisitions across its risk management solutions, service maintenance and 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.
Today, Solera processes over 240 million transactions annually for 200,000 partners and customers in more than 80 countries.
Solera went public on the New York Stock Exchange in 2007, 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.