WESTLAKE, Texas, Sept. 17, 2013 /PRNewswire/ -- Solera Holdings, Inc. (NYSE: SLH), the leading global provider of software and services to the automobile insurance claims processing industry, today announced that it has acquired 100% of the equity interests (the "Acquisition") of Servicios Informaticos Serinfo S.A. ("Serinfo") in Chile.
Serinfo is Chile's leading provider of dealership and bodyshop management systems. The Serinfo platform enables customers to improve operations and communicate effectively with all stakeholders in the purchase and care of vehicles, including the vehicle owner.
"Combining Serinfo and Solera platforms will strengthen the power of our bundle in Chile and create a vehicle ownership platform with functionality across the entire automobile cycle including sale, insurance and maintenance," said Tony Aquila, Solera's Founder, Chairman and Chief Executive Officer. "Serinfo's strong management team, robust product portfolio and leading customer base will accelerate Solera's ongoing efforts to deliver greater value through connectivity, transparency and standardization to households across Latin America."
Solera is the leading global provider of software and services to the automobile insurance claims processing industry. Solera is active in over 60 countries across six continents. The Solera companies include Audatex in the United States, Canada, and in more than 45 additional countries, Informex in Belgium and Greece, Sidexa in France, ABZ and Market Scan in the Netherlands, HPI in the United Kingdom, 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, and Explore providing data and analytics to United States property and casualty insurers. 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 expected benefits of the Acquisition, including Serinfo's market position and the expected growth in Chile and elsewhere in Latin America for both the Serinfo and other Solera businesses; and the benefits and value of Serinfo's management team and products and services (either alone or in combination with other Solera businesses) to customers. 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 our 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, including successfully integrating the Serinfo and Solera platforms; risks associated with the uncertainty in and volatility of global economic conditions; continued adoption of Serinfo's and Solera's products and services; Serinfo's reliance on a limited number of customers for a substantial portion of its revenues; effects of changes in or violations by us or our customers of government regulations; effects of competition on our product and service pricing and our business; risks associated with operating in multiple countries, including regulatory, political and exchange rate risks; 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 Annual Report on Form 10-K for the Fiscal Year Ended June 30, 2013. 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.
SOURCE Solera Holdings, Inc.
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