Tesla Motors Selects Solera as the Sole Provider of Collision and Customer Communication Services

Aug 03, 2015, 09:00 ET from Solera Holdings, Inc.

WESTLAKE, Texas, Aug. 3, 2015 /PRNewswire/ -- Solera Holdings, Inc. (NYSE: SLH) today announced that its collision estimating and customer communication platforms are the sole choice of Tesla Motors for its global certified collision repair centers. 

Through AudaExplore (U.S.) and Audatex (global), insurers and repairers will use the Solera solutions to process fast and accurate collision repair estimates and insurance claims on Tesla vehicles.  Tesla will also leverage the AutoWatch platform within the Solera solution set to enhance both the driver experience and communication between Tesla and its customers.  

"We have worked closely with Tesla over the past several months to develop highly accurate and data-driven integrated solutions for Tesla's collision repair network," said Tony Aquila, Solera's founder, Chairman and CEO.  "Our goal is to fully leverage Solera's technology platforms to digitally transform the vehicle repair experience for all stakeholders."

Solera expects to roll out the Tesla-related products to all AudaExplore and Audatex licensed users in the coming weeks, starting in North America, Europe and China.

About Solera

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.solerainc.com.

Cautions about Forward-Looking Statements

This press release contains forward-looking statements, including statements about: the expected use of Solera products and services by Tesla service centers, including the timing of any rollout of such products and services; and the expected benefits and value to be derived by customers and other stakeholders from the use of Solera products and services by Tesla service centers. 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 from the Tesla-related products and services; risks associated with the uncertainty in and volatility of global economic conditions; effects of competition on our software and service pricing and our business; rapid technology changes in our industry; risks associated with operating in multiple countries; our reliance on third-party products; 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 Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2015. 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.

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SOURCE Solera Holdings, Inc.



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http://www.solerainc.com