M&A Deal Summary

Solera Acquires eDriving

On June 2, 2021, Solera acquired internet software and services company eDriving from CIP Capital

Acquisition Highlights
  • This is Solera’s 13th transaction in the Internet Software and Services sector.
  • This is Solera’s 17th transaction in the United States.
  • This is Solera’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2021-06-02
Target eDriving
Sector Internet Software and Services
Buyer(s) Solera
Sellers(s) CIP Capital
Deal Type Add-on Acquisition

Target

eDriving

Cape May Court House, New Jersey, United States
website
eDriving is a provider of online driver risk reduction and training solutions. eDriving helps organizations around the world improve safety, reduce injuries, license violations, carbon emissions, and total cost of fleet ownership through its patented digital driver risk management programs. eDriving was founded in 1996 and is based in Cape May Court House, New Jersey.

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Buyer(S) 1

Buyer

Solera

Westlake, Texas, United States

website

Category Company
Founded 1966
Sector Software
Employees3,600
Revenue 987M USD (2013)
DESCRIPTION

Solera is a provider of risk and asset management data and software as a service solution for the automotive and insurance industries. Solera is active in over 90 countries across six continents, and has over 235,000 customers and partners, including many of the largest U.S. and European P&C insurance companies and most of the world’s largest vehicle OEMs, as well as many national governments, financial institutions, vehicle dealerships, vehicle repair shops, salvage yards, and vehicle buyers and sellers. Solera was formed in 1966 and is based in Westlake, Texas.

DEAL STATS #
Overall 38 of 40
Sector (Internet Software and Services) 13 of 14
Type (Add-on Acquisition) 32 of 34
State (New Jersey) 1 of 1
Country (United States) 17 of 18
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 DealerSocket

Irving, Texas, United States

DealerSocket is a provider of SaaS enterprise relationship management solutions for the retail and independent automotive industries. DealerSocket’s platform enables dealerships’ marketing, sales and automotive service departments to operate more effectively by helping them identify and track actionable sales leads, engage these leads through a number of channels, and streamline the sale, lease and service booking process. DealerSocket supports over 140,000 active users at more than 3,500 dealerships around the world. DealerSocket was founded in 2001 and is based in Irving, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 ENData

Brisbane, Australia

ENData is a Brisbane-based insurance technology company that provides claims and supply chain management solutions to the general insurance industry in Australia. ENData provides configured web-based systems that facilitate and simplify the allocation and management of insurance property repairs and contents replacement through the consolidation and automation of tasks in the insurance claims process. ENData is based in Brisbane, Australia.

Buy -

Seller(S) 1

SELLER

CIP Capital

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2010
Size Middle-Market
Type Sector Focused
DESCRIPTION

CIP Capital is a private equity firm focused on control investments in middle-market, North American business information and outsourced service companies. Specific areas of interest include B2B information management, business process outsourcing, marketing services and knowledge services. CIP looks to invest $25 to $125 million in transactions valued up to $200 million. Funds are typically used to fund buyouts or growth initiatives. CIP Capital was formed in 2010 and is based in New York City.

DEAL STATS #
Overall 10 of 13
Sector (Internet Software and Services) 3 of 3
Type (Add-on Acquisition) 2 of 4
State (New Jersey) 1 of 1
Country (United States) 10 of 13
Year (2021) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-19 WilsonHCG

Tampa, Florida, United States

WilsonHCG is a provider of talent management solutions. WilsonHCG offers recruitment process outsourcing and outsourced talent solutions to assist corporations with a broad range of talent acquisition needs. WilsonHCG was founded in 2002 and is based in Tampa, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 Cisive

Holtsville, New York, United States

Cisive is a provider of tech-enabled and compliance-driven human capital management and risk management solutions. It currently serves clients across the financial services, transportation, and media and telecom end-markets, among others, and offers transportation clients a comprehensive, industry-focused solution through its Driver iQ branded offering. Cisive was formed in 1977 and is headquartered in Holtsville, New York.

Sell -
Mergr

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