Solera Holdings
| Company type | Private |
|---|---|
| Industry | Software |
| Founded | 2005 |
| Headquarters | Westlake, Texas |
Key people | Darko Dejanovic (CEO) |
| Revenue | $1,140.85 Million USD (2015) |
Number of employees | 4,000 |
| Parent | Vista Equity Partners |
| Website | solera |
Solera Holdings, LLC is an American company based in Texas which provides risk management and asset protection software and services to the automotive industry and property insurance marketplace. Solera also provides digital identity management services, as well as re-underwriting and data analytics for the automotive, property and casualty insurance industries. Solera is active in 88 countries across six continents.
Solera became part of the S&P 400 after an Initial public offering in May 2007. In March 2016, however, Solera was bought out by private equity firm Vista Equity Partners, once more becoming a private entity.
In recent years, Solera has expanded into the fleet management and telematics space through its acquisitions of Omnitracs and Spireon. As part of a broader trend of Fleet digitalization, the company has become a provider of vehicle tracking for applications such as Stolen vehicle recovery, and video telematics solutions which often use a dashcam to enable services like Driver scoring. These technologies are key components within intelligent transportation systems and are offered in markets like Latin America and beyond. Other companies owned by Solera include HPI, Autodata, and Sidexa.