WESTLAKE, Texas, Feb. 3, 2015 /PRNewswire/ -- Solera Holdings, Inc. ("Solera", "our", "us") (NYSE: SLH), a leading provider of risk and asset management software and services to the automotive and property marketplace, including the global P&C insurance industry, today announced that it has acquired 100% of the equity interests (the "Acquisition") of Service Dynamics, Inc. ("Service Dynamics"). Service Dynamics's appointment scheduling, workflow and customer communication technology extends the reach of Solera's value-added software for the dealership service department.
By streamlining communication and improving customer interaction, Service Dynamics enhances the vehicle owners' service, maintenance and repair ("SMR") experience. Combining Service Dynamics technology with AutoPoint's inspection and service recommendation applications provides the dealership with a growing, integrated set of tools for increasing operational effectiveness and driving higher customer satisfaction.
"The acquisition of Service Dynamics is the latest in a series of SMR investments that add efficiency, transparency and convenience to vehicle repair," said Tony Aquila, Solera's founder, Chairman and Chief Executive Officer. "Adding Service Dynamics to our growing digital garage will enable dealerships to deliver an enhanced service experience that engages the owner in the management of their vehicle assets."
About Solera
Solera is a leading provider of risk and asset management software and services to the automotive and property marketplace, including the global P&C insurance industry. Solera is active in over 70 countries across six continents. The Solera companies include: Audatex in the United States, Canada, and in more than 45 additional countries; HPI, CarweB and CAP Automotive in the United Kingdom; Informex in Belgium and Greece; Sidexa in France; ABZ and Market Scan in the Netherlands; Hollander serving the North American recycling market; AUTOonline providing salvage disposition in a number of European and Latin American countries; IMS providing medical review services; Explore providing data and analytics to United States property and casualty insurers; Service Repair Solutions, a joint venture with Welsh, Carson, Anderson & Stowe, that provides solutions for the service, maintenance and repair market; and I&S, a provider of software and business management tools, third-party claims administration, first notice of loss and network management services to the U.S. auto and property repair industries, specializing in glass claims. For more information, please refer to the company's website at http://www.solerainc.com
Cautions about Forward-Looking Statements
This press release contains forward-looking statements, including statements about: the benefits of the Acquisition, including the expansion of our SMR offerings and digital garage strategies to provide products and services throughout the vehicle lifecycle; and the benefits and value of products and services to Solera's and Service Dynamics's customers, either alone or in conjunction with the products and services of other Solera group companies. These statements are based on our current expectations, estimates and assumptions and are subject to many risks, uncertainties and unknown future events that could cause actual results to differ materially. Actual results may differ materially from those set forth in this press release due to the risks and uncertainties inherent in transactions of this nature, our business and Service Dynamics's business, including, without limitation: the failure to realize the expected benefits of the Acquisition; risks associated with and possible negative consequences of acquisitions, investments, joint ventures and similar transactions; successfully integrating Service Dynamics's solutions with or into other Solera group offerings, including but not limited to, AutoPoint; continued adoption of Service Dynamics's, AutoPoint's and the Solera group's products and services; effects of competition on our product and service pricing and our business; our ability to obtain additional financing as necessary to support our business or operations; rapid technology changes in our industry; and effects of security breaches on our business and reputation. For a discussion of these and other factors that could impact our operations or financial results and cause our results to differ materially from those in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission, particularly our Quarterly Report on Form 10-Q for the Quarter Ended September 30, 2014. Solera is under no obligation to (and specifically disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
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SOURCE Solera Holdings, Inc.
