WESTLAKE, Texas, Dec. 12, 2011 /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 signed definitive agreements to acquire a majority of the outstanding capital shares of Sinexia Corporacion Tecnologica ("Sinexia"). The agreements also provide Solera with the right to purchase up to 100% of Sinexia's outstanding capital shares.
Sinexia's APCAS Data software is a leading application for processing property and casualty insurance claims in Spain. Sinexia's web-based applications are used by assessors and insurers to more efficiently connect, assess, and process automobile and residential property claims and share all related files.
"Utilizing Sinexia's software platform and applications in our Spanish operations will allow us to provide greater value to our assessor and insurance company customers by offering additional, high-ROI services in Spain, an important market for Solera," said Tony Aquila, Solera's founder, Chairman and Chief Executive Officer. "Further, the investment provides an efficient way to enhance our current technology."About Solera Solera is the leading global provider of software and services to the automobile insurance claims processing industry. Solera is active in nearly 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, AUTOOnline providing salvage disposition in a number of European and Latin American countries, Hollander serving the North American recycling market, Explore providing data to U.S. P&C insurers used in the re-underwriting of their insured drivers, 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
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