Solera Expands in Australia

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Westlake, Texas-based Solera Holdings describes its business strategy as "Leverage, Diversify, and Disrupt." That sounds like a noisy strategy, but so far, the maker of software for the automotive insurance industry is keeping quiet as a mouse about the details.

In February, Solera bought Web-based subrogation software maker HyperQuest for an undisclosed sum. This morning, the company announced yet another acquisition -- but once again, it declined to disclose how much it cost. Solera confirmed Wednesday that it has just bought Australian body-shop management-software maker Eziworks, which operates under the "Car Quote" brand name.

Solera describes Car Quote as "a critical communication link between insurers and body shops that allows them to exchange collision data," and it says its acquisition will "accelerate our delivery of an end-to-end claims management platform in Australia."


But it still won't say how much the acquisition cost it.

The article Solera Expands in Australia originally appeared on Fool.com.

Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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