Solera Announces Plan to Purchase Enservio
Staff Writer | July 21, 2016
Solera Holdings, a provider of cognitive technologies for the automotive and home ownership ecosystems, announces it has entered into a definitive agreement to acquire 100 percent ownership of Enservio, a provider of SaaS-based software and services to the property contents insurance marketplace.
This transaction, which aligns with Solera’s proprietary Invent & Acquire (I&A) strategy, will accelerate the delivery of next-generation digital home applications for Solera’s partners and property owners worldwide.
“Solera’s mission is to create the smartest digital solutions that advance the ways we manage and protect life’s most important assets,” says Tony Aquila, Solera’s founder, chairman and CEO. “Our culture of doing it right, better and different is the foundation of our business, while our I&A system—which enables us to identify and integrate synergistic technologies anywhere in the world—provides the agility to innovate and proliferate our product platforms with extreme accuracy, performance and speed.”
Since its founding in 2005, Solera has evolved from a garage-based startup into a global provider of intelligent data and software for the vehicle ownership lifecycle. The founder-led company, which continues to thrive on its mission to develop the most powerful asset management and risk protection technologies, is now accelerating its expansion from the garage into the home.
Building upon its digital solutions for property claims (which include predictive analytics and preemptive fraud detection); contents management (provided by LYNX Services and sachcontrol); and personal identity verification and security (provided by Explore Data and Digidentity), the acquisition of Enservio will add yet another component to Solera’s expanding capabilities in the digital protection of all assets that are important to our ways of life.
“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.,” says 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.”
The acquisition of Enservio is subject to certain closing conditions and is expected to close during the quarter ending Sept. 30.
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