WESTLAKE, Texas (Jan. 4, 2017) — Solera Holdings Inc., developer of "Identifix" auto repair industry software, is buying Autodata Ltd., a provider of technical information and knowledge solutions for the automotive service, maintenance and repair industry.
Maidenhead, England-based Autodata has evolved since its founding in 1975 from publishing do-it-yourself manuals for car enthusiasts and garages to delivering digital cloud-based diagnostics and repair intelligence for professional mechanics, according to Solera.
Today Autodata's solutions — powered by data from 136 vehicle manufacturers covering over 40,000 models worldwide — are used by more than 90,000 repair shops in over 40 countries, Solera said.
"The acquisition of Autodata will not only complement our expanding/existing suite of digital SMR solutions, such as Identifix and Inpart," Solera Founder, Chairman and CEO Tony Aquila said, "but will also accelerate the expansion of Solera's asset-protection and risk-management solutions in emerging and maturing markets across the globe."
Terms of the deal were not disclosed. Westlake-based Solera has been owned since 2014 by Bowmark Capital and Rothschild & Co.'s Five Arrows Principal Investments.
"Throughout a car's life, there are over 54 transactions that occur between motorists and automotive businesses," Mr. Aquila said. "One of Solera's missions is to digitize the vehicle ownership ecosystem by developing cognitive applications that not only power connectivity and engagement, but also proliferate awareness and transparency across the entire automotive lifecycle."