Solera Expands in Australia
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.
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