Financial services firms are increasingly contracting with third-party service providers to perform activities related to their business functions and regulatory responsibilities.
WESTLAKE, Texas, March 3, 2016 /PRNewswire/ — Solera Holdings, Inc. (“Solera”, the “Company”, “we”, or “our”) today announced that it has been acquired by an affiliate of Vista Equity Partners (“Vista”). Other key investors include an affiliate of Koch Equity Development LLC, the investment and acquisition subsidiary of Koch Industries, Inc., and an affiliate of Goldman, Sachs & Co. The transaction, originally announced on September 13, 2015, was completed on March 3, 2016. The acquisition – which strategically combines Solera’s world-class risk and asset management solutions with Vista’s technology-focused operational and financial expertise – sparks the next phase of Solera’s global expansion, and accelerates its mission to digitally transform how the world manages life’s two most important assets: the vehicle and the home. “Since founding Solera, we have focused on being a global player by developing proprietary data and software solutions that help our customers meet the increasing digital demands