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Slide #77. Solera Holdings, Inc. — 100% of AutoPoint from Joint Venture with Welsh, Carson, Anderson & Stowe
Solera Holdings, Inc. (SLH)
100% of AutoPoint from Joint Venture with Welsh, Carson, Anderson & Stowe
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 we have purchased 100% of the equity interests of the AutoPoint companies (together, "AutoPoint") from Service Repair Solutions, Inc. ("SRS"), pursuant to Solera's rights under the definitive SRS joint venture agreements signed with an affiliate of Welsh, Carson, Anderson & Stowe ("Welsh Carson"). SRS is a joint venture between a subsidiary of Solera and Welsh Carson, a leading private equity firm (the "Joint Venture").
Solera Holdings is a provider of risk and asset management software and services to the automotive and property marketplace, including the property and casualty insurance industry. As of June 30 2015, Co. operated three platforms - Auto, whereby Co. facilitates collision repair, vehicle maintenance and repair, glass repair, vehicle salvage and parts procurement; Customer's Customer, which consists of Co.'s vehicle insurance re-underwriting, electronic tilting, subrogation and vehicle validation businesses; and Property, in which through the use of Co.'s products and services, Co. can deliver standardization and transparency to the property repair process.
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Hold (1.75 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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