Solera Holdings, Inc. Acquires Inpart Servicos Ltda.; Further Enhances Its Product and Service Offering to the Brazilian Market
November 19 2008 - 5:44PM
PR Newswire (US)
SAN DIEGO, Nov. 19 /PRNewswire-FirstCall/ -- 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 completed the acquisition of Inpart Servicos
Ltda. ("Inpart"). Inpart is a leading electronic exchange for the
purchase and sale of vehicle replacement parts in Brazil. Inpart
has developed an extensive network of parts suppliers as well as an
impressive customer list that includes some of Brazil's leading
insurance companies and collision repair facilities. "This
acquisition further demonstrates our commitment to expanding our
product and service offerings. We are very excited about the
accomplishments already achieved by the Inpart team in the
Brazilian market. In addition, we will be exploring the opportunity
to expand the Inpart offering to other Latin American markets that
we already service," said Tony Aquila, Solera's chairman and chief
executive officer. "This acquisition is a key milestone for Inpart
and will help extend our success in helping insurance companies and
collision repair shops work better together by bringing purchasing
efficiency to parts procurement in the collision repair process.
With the scale, domain expertise and relationships Solera brings to
the table, we believe we can take Inpart to the next level," said
Edgard Lobo Baptista Pereira, one of the co-founders of Inpart.
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/. Cautions about
Forward-Looking Statements This press release contains
forward-looking statements, including statements about expansion of
Inpart's products and services into new markets and Inpart's future
growth. 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: that the expected benefits from our acquisition of
Inpart may not be realized; other risks related to acquisition
transactions; and country-specific risks relating to expansion into
new markets, including compliance with local country laws and
regulations. 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
Year Ended June 30, 2008. 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. DATASOURCE: Solera Holdings, Inc.
CONTACT: Investor Relations, Kamal Hamid of Solera Holdings, Inc.,
+1-858-946-1676, Web Site: http://www.solerainc.com/
Copyright