Solera Holdings acquires See Progress
Sept. 7, 2011 — Solera Holdings, Inc., a global provider of software and services to the automobile insurance claims processing industry, has purchased See Progress, Inc., known in the collision repair industry for its AutoWatch application.
Shops use AutoWatch to capture and transmit real-time status updates to insurers and vehicle owners through text messaging and photos.
"With the acquisition of See Progress, Solera further expands its product suite and continues to demonstrate its commitment to profitably grow the North American market by providing differentiated, high ROI products and services to insurers and collision repair shops," said Tony Aquila, Solera's founder, chairman and CEO. "Consistent with our M-M-C (Management-Margin-Core) acquisition philosophy, we believe the acquisition of See Progress will contribute to our profitable growth by leveraging our distribution capabilities across our many insurance customers and 12,000-plus collision repair customers throughout North America."
The financial details of the acquisition were not disclosed.
Solera is active in nearly 60 countries across six continents. For more information, go to solerainc.com.