Westlake-based Solera changed the way the insurance industry operates in the digital world since its founding in 2005 by Tony Aquila.
The company’s history of digital transformation continues after Vista Holdings bought Solera in March for $6.5 billion. That’s a lot of money, but it gave Vista a company that processes 230 million transactions a year, has 195,000 customers, and operates in more than 75 countries, according to an article at launchdfw.com that takes a look at Solera’s successes.
Solera’s platform allows insurers, OEMs, dealers, SMR industry participants, and drivers to connect with each other under the same digital marketplace.
The company also manages transactions — from vehicle purchase to sale, and everything in between.
Launchdfw reports that Solera’s headquarters, on a 12-acre ranch, is full of vintage décor, an extensive car collection owned by Aquila, bonfire pits, and the firing range out back where big ideas are born.
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Westlake-based Solera Holdings has a deal to acquire Australian insurance tech provider ENData, the company announced on Monday. Through an intelligent platform, ENData can simplify and automate the fulfillment of insurance claims. That’s on the heels of Solera’s May announcement of its acquisition of two Dallas-area companies, DealerSocket and Omnitracs. That deal combined three Vista Equity Partners companies into a one-stop shop. Darko Dejanovic, CEO of Solera, says the company’s most recent acquisition of ENData expands its position not only in Australia, but globally, as “the leading provider of innovative solutions across the entire insurance claims ecosystem." With the deal, Solera says…
Westlake-based Solera Holdings Inc. announced it has acquired the two Dallas-area companies, putting Texas firmly on the road toward auto tech dominance. The deal combines three Vista Equity Partners companies into a one-stop shop—adding fuel to rumors of a public offering ahead.
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