Solera Holdings, Inc. To Enter the Greek Market, Will Repurchase Market Rights from Licensee

SAN DIEGO, Dec. 3 /PRNewswire-FirstCall/ -- Solera Holdings, Inc. (NYSE: SLH), the leading global provider of software and services to the automobile insurance claims processing industry, today announced that it intends to enter the Greek market by repurchasing and terminating the rights to conduct business in that market from Audatex Hellas, an independent licensee. Solera will conduct business in the 5.4 million insured vehicle market through an indirect wholly-owned subsidiary named Informex Hellas.Informex Hellas will introduce a new, web-based suite of products and services that are designed to allow insurers, assessors and collision repair shops to manage more effectively and accurately claims processing work flow. "Our entry into the Greek market by purchasing the rights to conduct business in that market from our independent licensee is consistent with our stated strategic plans of expanding into new geographies and bringing core value-added services to the participants in the automotive claims process," said Tony Aquila, Solera's Founder, Chairman and Chief Executive Officer. About SoleraSolera is the leading global provider of software and services to the automobile insurance claims processing industry. Solera is active in over 50 countries across six continents. The Solera companies include Audatex in the United States, Canada, and in more than 45 additional countries, Informex in Belgium, Sidexa in France, ABZ in The Netherlands, HPI in the United Kingdom, Hollander serving the North American recycling market, AUTOonline providing salvage disposition in a number of European countries and Mexico, and IMS providing medical review services. For more information, please refer to the company's website at http://www.solerainc.com.Cautions about Forward-Looking Statements:This press release contains forward-looking statements, including statements about our entry into the Greek market and strategy for entering other new markets. These statements are based on our current expectations, estimates and assumptions and are subject to many risks, uncertainties and unknown future events that could cause actual results to differ materially. Actual results may differ materially from those set forth in this press release due to the risks and uncertainties inherent in our business, including, without limitation: our ability to attract and retain customers and key personnel in new markets; our reliance on a limited number of customers in new markets; volatility associated with our sales cycle, seasonality and other factors; risks associated with the uncertainty in and volatility of global economic conditions; effects of competition on our software and service pricing and our business; time and expenses associated with customers switching from competitive software and services to our software and services; rapid technology changes in our industry; effects of changes in or violations by us or our customers of government regulations; our reliance on third-party information for our software and services; effects of system failures or security breaches on our business and reputation; and any material adverse impact of current or future litigation on our results or business.. For a discussion of these and other factors that could impact our operations or financial results and cause our results to differ materially from those in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission, particularly our Quarterly Report on Form 10-Q for the Quarter Ended September 30, 2009. Solera is under no obligation to (and specifically disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.SOURCE Solera Holdings, Inc.