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Vista Equity Partners Acquires Solera in $6.5 Billion Merger

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Sept. 15, 2015—On Sunday, Solera Holdings announced it has entered into a definitive merger agreement to be acquired by Vista Equity Partners for $6.5 billion.

According to the merger agreement, Vista will acquire all of the outstanding shares of Solera common stock for $55.85 per share in cash in the merger. The purchase price represents an unaffected premium of 53 percent over Solera’s closing share price of $36.39 on Aug. 3, 2015. The merger is expected to close no later than the first quarter of 2016 and is conditioned upon customary closing conditions.

Solera’s board of directors unanimously approved the merger and recommended that Solera stockholders vote their shares in favor of the merger.

"This transaction delivers immediate compelling value to our stockholders and represents a pivotal milestone for Solera in partnering with Vista," said Tony Aquila, Solera's founder, chairman and CEO. "It not only recognizes our innovative company and talented employees, but also provides us with the optimal flexibility to proliferate our world-class solutions and services for our customers. We are extremely excited about working with Vista to further strengthen Solera's global leadership in risk and asset management technologies."

"We are thrilled to be partnering with Solera," said Robert F. Smith, Vista's founder, chairman and CEO. "For almost half a century, Solera has been serving the insurance and automotive industries with innovative software and information solutions. With the portfolio of products the Company has built and acquired, combined with the vision of its leadership, we believe Solera is incredibly well positioned for the next fifty years. The mission is clear and the opportunity is there to continue to transform how physical assets are managed and insured."

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