SAN DIEGO, Nov. 19 /PRNewswire-FirstCall/ -- Solera Holdings, Inc. , the leading global provider of software and services to the automobile insurance claims processing industry, today announced that it has completed the acquisition of Inpart Servicos Ltda. ("Inpart"). Inpart is a leading electronic exchange for the purchase and sale of vehicle replacement parts in Brazil. Inpart has developed an extensive network of parts suppliers as well as an impressive customer list that includes some of Brazil's leading insurance companies and collision repair facilities.
"This acquisition further demonstrates our commitment to expanding our product and service offerings. We are very excited about the accomplishments already achieved by the Inpart team in the Brazilian market. In addition, we will be exploring the opportunity to expand the Inpart offering to other Latin American markets that we already service," said Tony Aquila, Solera's chairman and chief executive officer.
"This acquisition is a key milestone for Inpart and will help extend our success in helping insurance companies and collision repair shops work better together by bringing purchasing efficiency to parts procurement in the collision repair process. With the scale, domain expertise and relationships Solera brings to the table, we believe we can take Inpart to the next level," said Edgard Lobo Baptista Pereira, one of the co-founders of Inpart.
About Solera
Solera is the leading global provider of software and services to the automobile insurance claims processing industry. Solera is active in over 50 countries across six continents. The Solera companies include Audatex in the United States, Canada, and in more than 45 additional countries, Informex in Belgium, Sidexa in France, ABZ in The Netherlands, Hollander serving the North American recycling market, 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
This press release contains forward-looking statements, including statements about expansion of Inpart's products and services into new markets and Inpart's future growth. These statements are based on our current expectations, estimates and assumptions and are subject to many risks, uncertainties and unknown future events that could cause actual results to differ materially. Actual results may differ materially from those set forth in this press release due to the risks and uncertainties inherent in our business, including, without limitation: that the expected benefits from our acquisition of Inpart may not be realized; other risks related to acquisition transactions; and country-specific risks relating to expansion into new markets, including compliance with local country laws and regulations. For a discussion of these and other factors that could impact our operations or financial results and cause our results to differ materially from those in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission, particularly our Annual Report on Form 10-K for the Year Ended June 30, 2008. Solera is under no obligation to (and specifically disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
