WESTLAKE, Texas, Aug. 20, 2015 /PRNewswire/ -- Solera Holdings, Inc. (NYSE: SLH) ("Solera" or the "Company") today announced that it is exploring a variety of strategic alternatives. The Company further stated that as part of the process, the Board of Directors has formed a special committee, which has retained Centerview Partners LLC as its financial advisor and Sullivan & Cromwell as its legal advisor. The Company has retained Rothschild, Inc. as its financial advisor.
There can be no assurance that the exploration of strategic alternatives will result in a transaction. The Company does not expect to make further public comment regarding these matters while its exploration process continues.
"I want to be clear that Solera's primary focus continues to be our customers around the world," said Tony Aquila, Solera's founder, Chairman and CEO. "We are excited about continuing to deliver our world class solutions and services to our customers and developing new solutions that enable our customers to serve their customers in the digital age."
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 75 countries across six continents. The Solera companies include: Audatex in the United States, Canada, and in more than 60 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; Identifix, providing solutions for the service, maintenance and repair ("SMR") market; AutoPoint and DMEautomotive, providing data-driven tools to enhance SMR experiences and facilitate customer retention and marketing solutions for the retail automotive industry; 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 Solera's website at www.solera.com.
SOURCE Solera Holdings, Inc.