M&A Deal Summary |
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---|---|
Date | 2006-04-13 |
Target | Audatex North America |
Sector | Software |
Buyer(s) | Solera |
Sellers(s) | ADP |
Deal Type | Divestiture |
Deal Value | 975M USD |
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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 |
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 | - |
Category | Company |
---|---|
Founded | 1949 |
Sector | Business Services |
Employees | 60,000 |
Revenue | 18.0B USD (2023) |
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 |
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 | - |
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 | - |