About Solera
Solera is a company based in Dallas (United States) founded in 2006 was acquired by Vista Equity Partners in September 2015. It operates as a SaaS (Software-as-a-Service), and Managed Services. Solera has completed 21 acquisitions, including APU Solutions, Actual Systems and Autodata. Solera offers products and services including Vehicle Claims Solutions, Vehicle Repair Solutions, Fleet Solutions, and Vehicle Solutions. Solera operates in a competitive market with competitors including Snapsheet, Boundless Rider, Tempcover, Claim Genius and Surround Insurance, among others.
- Headquarter Dallas, United States
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Solera Holdings, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Goldman Sachs
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
APU Solutions
& 20 more
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Acquired by
Vista Equity Partners
(Sep 13, 2015)
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Products & Services of Solera
Solera offers a comprehensive portfolio of products and services, including Vehicle Claims Solutions, Vehicle Repair Solutions, Fleet Solutions, and Vehicle Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI-driven workflows are used for claims processing efficiency.
Repair data is provided for accurate shop management tools.
Fleet intelligence is offered for safety and performance tracking.
End-to-end solutions are delivered for dealer business management.
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Software Development Team
118 people
Data Analysis and Operations Team
33 people
Product Management Team
31 people
Leadership Team
22 people
Senior Team
18 people
Sales and Marketing
16 people
Operations Team
12 people
Legal and Compliance
10 people
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Funding Insights of Solera
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2016 | Amount | Unspecified - Solera | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Solera
Solera has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Goldman Sachs, Koch Equity Development and BPEA EQT. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity and real estate investment firm
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Private equity investments are focused on the United States market.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Solera
Solera has strategically engaged in corporate development activities, having acquired 21 companies. Notable acquisitions include APU Solutions, Actual Systems and Autodata. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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SaaS-based digital damage management for automotive sector is delivered.
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2010 | ||||
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SaaS-based DMS software is offered for auto dealers.
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2010 | ||||
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Develops specialized software for efficient insurance claims management.
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Solera
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Solera Comparisons
Competitors of Solera
Solera operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Snapsheet, Boundless Rider, Tempcover, Claim Genius and Surround Insurance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based software is offered for auto insurance claim management.
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| domain | founded_year | HQ Location |
Two-wheeler insurance products are provided via an online platform.
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| domain | founded_year | HQ Location |
Short-term auto insurance is distributed via an online platform.
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| domain | founded_year | HQ Location |
AI-based claims management is delivered for auto insurance.
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| domain | founded_year | HQ Location |
Auto insurance solutions are delivered via a cloud-based platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Solera
Frequently Asked Questions about Solera
When was Solera founded?
Solera was founded in 2006 and raised its 1st funding round 10 years after it was founded.
Where is Solera located?
Solera is headquartered in Dallas, United States. It is registered at Dallas, Texas, United States.
What does Solera do?
Automotive software solutions are developed by Solera to streamline processes across the vehicle lifecycle. Data-driven intelligence and AI are utilized to support dealers, insurers, repairers, and fleets. Sectors such as vehicle claims, repairs, fleet management, and dealer operations are covered. Comprehensive solutions are offered to accelerate business outcomes through efficient claims processing, accurate repair data, and real-time fleet intelligence. Innovation is driven by extensive data collection at every touchpoint, ensuring instant answers and operational scalability for customers globally.
Who are the top competitors of Solera?
Solera's top competitors include Snapsheet, Tempcover and Claim Genius.
What products or services does Solera offer?
Solera offers Vehicle Claims Solutions, Vehicle Repair Solutions, Fleet Solutions, and Vehicle Solutions.
How many acquisitions has Solera made?
Solera has made 21 acquisitions, including APU Solutions, Actual Systems, and Autodata.
Who are Solera's investors?
Solera has 4 investors. Key investors include Goldman Sachs, Koch Equity Development, BPEA EQT, and Vista Equity Partners.
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