Solera Holdings ( SLH) is a software firm that services the car insurance business, providing the tools that insurers need to process claims and manage repair records. While the niche nature of Solera's business initially seems limiting, the firm's dominance in the industry means that it has a defensible position, while international expansion provides growth opportunities. One of the things that make Solera's business so attractive is its proprietary database. While the firm generates significant revenues on sales of its software, it's able to collect recurring sales for access to its massive database of data that help to prevent fraud and estimate costs -- Solera gets paid by the claim, which means that its revenue is a product of its clients' customer pools, not just Solera's number of clients. The firm has gone to great lengths to expand its offerings overseas; today, Europe contributes the majority of revenues, and expansion into new markets like India and China offer opportunities for meaningful growth in the near- to mid-term. Two weeks ago, management announced a 33.3% dividend increase that brings Solera's payout to 10 cents per quarter.