WESTLAKE, Texas, July 14, 2014 /PRNewswire/ --Solera Holdings, Inc. ("Solera", "we" or "our") (NYSE: SLH), a leading global provider of software and services to the automobile insurance claims processing and decision support industries, today announced that it has completed the acquisition of sachcontrol AG ("sachcontrol").
sachcontrol is a leading property claims management provider in Germany. By comparing property repair invoices against its proprietary database of standardized market prices for materials, labor and repair processes, sachcontrol is able to reduce severity costs for its insurance customers. sachcontrol's database contains millions of data points, localized by postal code covering thousands of repair steps across multiple building trades.
About Solera
Solera is a leading global provider of software and services to the automobile insurance claims processing and decision support industries. Solera is active in over 65 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, 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 United States property and casualty insurers; and Service Repair Solutions, a joint venture with Welsh, Carson, Anderson & Stowe, that provides solutions for the service, maintenance and repair market. For more information, please refer to the company's website at http://www.solerainc.com.
SOURCE Solera Holdings, Inc.
