M&A Deal Summary

Solera Acquires Explore Information Services

On June 14, 2011, Solera acquired software company Explore Information Services from Corporate Risk Holdings for 520M USD

Acquisition Highlights
  • This is Solera’s 4th transaction in the Software sector.
  • This is Solera’s 2nd largest (disclosed) transaction.
  • This is Solera’s 2nd transaction in the United States.
  • This is Solera’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2011-06-14
Target Explore Information Services
Sector Software
Buyer(s) Solera
Sellers(s) Corporate Risk Holdings
Deal Type Divestiture
Deal Value 520M USD

Target

Explore Information Services

Eagan, Minnesota, United States
website
Explore Information Services LLC, is a U.S. provider of innovative data and analytics services used by automotive property and casualty ("P&C") insurers. Explore's driver violation reporting services deliver information to P&C insurers allowing them to increase premiums when re-underwriting automotive insurance policies.

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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 8 of 40
Sector (Software) 4 of 16
Type (Divestiture) 3 of 4
State (Minnesota) 1 of 3
Country (United States) 2 of 18
Year (2011) 1 of 2
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-07 Market Scan Holding B.V.

Ravenstein, Netherlands

Market Scan Holding B.V., a data analytics and software firm serving the Dutch insurance industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-02 K&S Beheer B.V.

Netherlands

K&S Beheer B.V., a collision repair shop management system software provider.

Buy -

Seller(S) 1

SELLER

Corporate Risk Holdings

Falls Church, Virginia, United States

website

Category Company
Founded 1996
Sector Business Services
DESCRIPTION

Corporate Risk Holdings is an information and security services company, providing pre- and post-employment screening, national security training and other services to the public and private sectors. The company is a provider of background investigations to the U.S. federal government.

DEAL STATS #
Overall 1 of 3
Sector (Software) 1 of 1
Type (Divestiture) 1 of 3
State (Minnesota) 1 of 1
Country (United States) 1 of 3
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-07 Kroll

New York, New York, United States

Kroll (old) is a risk consulting company provides a broad range of investigative, intelligence, financial, security and technology services to help clients reduce risks, solve problems and capitalize on opportunities. Kroll (old) was founded in 1972 and is based in New York.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-16 Global Security and Solutions

Arlington, Virginia, United States

Global Security and Solutions (GS&S) providing mission support services and has earned a reputation among its customers for dependable and critical mission support.

Sell -
Mergr

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