Aug. 21, 2012
/PRNewswire/ -- Solera Holdings, Inc. (NYSE: SLH), the leading global provider of software and services to the automobile insurance claims processing industry, today announced that one of its subsidiaries has acquired (the "Acquisition") 100% of the equity interests of License Monitor, Inc. ("LMI"). LMI provides sophisticated driver violation monitoring solutions that enable operators of government and commercial vehicle fleets to quickly ascertain driver violation activity and license status changes, thereby enabling the operator to manage and mitigate risk on a real-time basis. LMI has built a powerful offering that delivers compelling value to its customers.
"The Acquisition leverages Explore's multi-state database of violation information and allows us to rapidly extend our reach into fleet management across
the United States
," said Tony Aquila, Solera's founder, Chairman and Chief Executive Officer. "LMI is Explore's first acquisition as a Solera company, and we believe LMI will grow our addressable market in the US and enhance our offering of value-based solutions. Coupling LMI's platform with Explore's geographic footprint, existing databases and monitoring expertise, we will take an important step in expanding our driver data and decision-support capabilities in the United States. We are excited about the prospect of leveraging the power of our combined capabilities to serve fleet customers."
Solera is the leading global provider of software and services to the automobile insurance claims processing industry. Solera is active in over 60 countries across six continents. The Solera companies include Audatex in
the United States
, and in more than 45 additional countries, Informex in
, Sidexa in
, ABZ and Market Scan in
, HPI in the
, 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, and Explore providing data and analytics to
property and casualty insurers. For more information, please refer to the company's website at
Cautions about Forward-Looking Statements