M&A Deal Summary

Solera Acquires Audatex North America

On April 13, 2006, Solera acquired software company Audatex North America from ADP for 975M USD

Acquisition Highlights
  • This is Solera’s 1st transaction in the Software sector.
  • This is Solera’s largest (disclosed) transaction.
  • This is Solera’s 1st transaction in the United States.
  • This is Solera’s 1st transaction in California.

M&A Deal Summary
Date 2006-04-13
Target Audatex North America
Sector Software
Buyer(s) Solera
Sellers(s) ADP
Deal Type Divestiture
Deal Value 975M USD

Target

Audatex North America

San Diego, California, United States
Audatex North America, Inc. is a global claims solutions provider serving the automotive industry. Active today across six continents, Audatex provides world-class claims solutions that help customers automate their processes; managing millions of claims each year efficiently and effectively, and resolving billions in claims settlements. Beyond a leading presence in automotive claims, our growing footprint also extends into the automotive related financial services and medical claims solutions markets.

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Buyer(S) 1

Buyer

Solera

Westlake, Texas, United States
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 1 of 40
Sector (Software) 1 of 16
Type (Divestiture) 1 of 4
State (California) 1 of 2
Country (United States) 1 of 18
Year (2006) 1 of 2
Size (of disclosed) 1 of 6
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-15 Cato Berichtendienst B.V.

Amstelveen, Netherlands

Cato Berichtendienst B.V. owns and operates a web portal that enables efficient information exchange between insurance carriers, their corporate clients, and government agencies.

Buy -

Seller(S) 1

SELLER

ADP

Roseland, New Jersey, United States
Category Company
Founded 1949
Sector Business Services
Employees60,000
Revenue 18.0B USD (2023)
DESCRIPTION
ADP office in St. Louis, Missouri.
ADP office in St. Louis, Missouri.

ADP is a provider of business outsourcing solutions. ADP offers a wide range of human resource (HR), payroll, tax and benefits administration solutions from a single source. ADP is also a provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment retailers and manufacturers throughout the world. ADP was incorporated in 1949 and is based in Roseland, New Jersey.

DEAL STATS #
Overall 2 of 7
Sector (Software) 2 of 4
Type (Divestiture) 2 of 6
State (California) 1 of 1
Country (United States) 2 of 7
Year (2006) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 NetBOA

United States

netBOA outsourced COBRA benefits administration, HIPAA (Health Insurance Portability and Accountability Act) administration, and retiree benefits transaction processing for large corporations. The Company distinguished itself by offering more custom service than most of its competitors. Its clients included a large airline, utilities, and a regional telephone company. netBOA was acquired by Automatic Data Processing Inc.'s Major Accounts Services (NYSE: ADP) in January 2000.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-03 Employease

Norcross, Georgia, United States

Employease, Inc. provides software services for human resource and employee benefits.

Buy -
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