Solera Holdings, Inc. To Ring NYSE Opening Bell Today
Company celebrates Founders’ Day and landmark 2007;
continues focus on global market opportunities ahead
SAN DIEGO, CA — January 17, 2008 — Solera Holdings, Inc. (NYSE: SLH), the leading global provider of software and services for the automobile insurance claims processing industry, will ring the Opening Bell of the New York Stock Exchange (NYSE) today at 9:30 a.m. EST to commemorate the Company’s Founders’ Day and a landmark 2007.
2007 was a significant year for Solera—it completed an initial public offering and NYSE listing in May, raising $288 million net of underwriting fees. Just five months later, in October, Solera successfully finished a secondary offering of 18,131,435 shares. January 17 also marks the third anniversary of the Company’s 2005 inception by Tony Aquila, a veteran of the auto claims business. Solera teamed with private equity firm GTCR Golder Rauner and later acquired the Claims Services Group (CSG) of Automatic Data Processing, Inc. (ADP) in April 2006.
Since the acquisition, Solera has expanded into 16 new countries of operation and is now the only global provider of software and services for the automobile insurance claims processing industry active in 51 countries across six continents.
In addition to celebrating its landmark 2007, Solera will host three internal management meetings while in New York City this week—bringing together the Company’s domestic and international senior executives and managing directors to share best practices and discuss global trends and strategies.
Each day, Solera’s operating companies process nearly 100,000 claims around the world. In addition, their technology solutions are used to settle approximately $35 billion in claims annually. These operating companies include Audatex in the U.S., Canada and more than 45 additional countries, Informex in Belgium, Sidexa in France, ABZ in the Netherlands, and Hollander serving the North American recycling market.
Tony Aquila, founder, chairman and CEO of Solera Holdings, Inc. said, “We’re proud to celebrate our third anniversary and our landmark 2007 by participating in the NYSE’s long-standing tradition, the ringing of the Opening Bell. We’re even more excited for the future—as we recognize these accomplishments and now focus on moving our global strategy forward. However, there is still a lot left to achieve in this next phase. The Solera team is laser focused on our objectives, and we’re continuing to expand our international business presence and invest in our existing markets, products and services. We remain fanatical about our client relationships and firmly believe that we are in a great position to help insurers and collision repair shops simplify the automobile claims process with use of our platform in the 51 markets we currently serve—and, in doing so, assist them with better service to their policyholders by improving claims settlement efficiency and consumer satisfaction, which can help keep auto insurance costs competitive.”
About Solera
Solera is the leading global provider of software and services to the automobile insurance claims processing industry. Solera is active in over 50 countries across six continents. The Solera companies include Audatex in the United States, Canada, and in more than 45 additional countries, Informex in Belgium, Sidexa in France, ABZ in The Netherlands, Hollander serving the North American recycling market, and IMS providing medical review services. For more information, please refer to the company's website at http://www.solerainc.com.