Solera Holdings, Inc. Acquires Mensaelect S.A.; Acquisition Will Strengthen Core Products and Expand Reach in the Spanish Market
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Mensaelect's proprietary, web-based solution streamlines the invoicing process between Spanish body shops and insurers and provides body shops with faster, more efficient payments from insurance companies. The solution is currently used by more than 14,000 repair shops located throughout
"The Acquisition represents another significant investment in enhancing our platform for the Spanish market. Prior acquisitions of AUTOonline and Sinexia, as well as our increased investments in our next generation platform and its cloud computing capabilities, have expanded our core offerings and strengthened our leadership role in Spain. Our acquisition of Mensaelect demonstrates our continued commitment to our customers and our growth in
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Cautions about Forward-Looking Statements
This press release contains forward-looking statements, including statements about: the benefits of the Acquisition; the benefits and value of Mensaelect's products and services to customers and the
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