Solera Holdings Completes Service Repair Solutions JV with Welsh, Carson, Anderson & Stowe

Proquest LLC

Solera Holdings, a global provider of software and services to the automobile insurance claims processing and decision support industries, announced that it has completed the purchase of equity interests in a parent company of Service Repair Solutions (SRS) from an affiliate of Welsh, Carson, Anderson & Stowe, a private equity firm (the "Joint Venture").

According to a release, SRS is a provider in the $200 billion service, maintenance and repair ("SMR") market with proprietary databases and workflow solutions that help mechanical repair shops and auto dealers to increase their efficiency, profitability and customer loyalty. SRS's diagnostic and repair database includes over 800,000 user and expert-generated mechanical diagnoses and is utilized by approximately 225,000 auto technicians in over 50,000 repair shops in the U.S. and Canada. SRS's dealer services business also leverages a proprietary database of more than 78 million repair orders, 28 million completed inspections and 9 million pages of OEM data used by approximately 1,000 auto dealers.

"We are excited about closing the SRS transaction. This is one of our anchor investments in the SMR market," said Tony Aquila, Solera's Founder, Chairman and Chief Executive Officer. "We look forward to building off of this very successful SMR platform as we expand this service across our global business."

www.solerainc.com

www.welshcarson.com

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