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July 19, 2021

Solera to Acquire ENData

SOLERA TO ACQUIRE ENDATA

Acquisition will extend Solera’s global leadership in data and technology-enabled claims management solutions

WESTLAKE, TEXAS, JULY 19, 2021 – Solera Holdings, Inc. (“Solera”), a global leader in risk and asset management data and software solutions for the insurance and automotive industries, today announced that it has entered an agreement to acquire ENData Pty Ltd (“ENData”), a Brisbane, Australia-based insurance technology provider. ENData’s data-driven property repairs and contents replacement solutions simplify and automate the fulfillment of insurance claims. This acquisition will further solidify Solera’s position as the leading provider of data and technology-enabled solutions that power the automation of property claims management for Property and Casualty insurers.

Through its intelligent platform, ENData partners with insurers to efficiently and dynamically allocate workstreams to participants in the property claims process. ENData delivers unmatched outcomes in terms of cost, quality, reduced workloads, and speed of claim resolution.

“The global increase in property insurance claims combined with a lack of standardization creates significant opportunity for Solera’s AI-driven technology to reduce variability, accelerate business outcomes and improve the customer experience,” said Darko Dejanovic, Chief Executive Officer of Solera. “ENData will further expand Solera’s position in Australia, and globally, as the leading provider of innovative solutions across the entire insurance claims ecosystem.”

Together with ENData, Solera now provides claims and supply chain management solutions to all of the top five general insurance companies operating in Australia, with data and technology solutions that are further extensible around the world.

“We are excited that ENData will be joining Solera, the undisputed global leader in insurance claims, allowing the newly-combined team the opportunity to continue to drive innovation and growth,” said Mike Lee, Chief Executive Officer of ENData. “ENData’s customers will benefit from Solera’s ability to scale their solutions to meet insurers’ expanding needs across both property and auto claims.”

The acquisition is expected to close during the third quarter of calendar year 2021, subject to customary closing conditions and regulatory approvals.

About ENData

ENData is a Brisbane-based insurance technology company that provides claims and supply chain management solutions to the general insurance industry in Australia. ENData provides configured web-based systems that facilitate and simplify the allocation and management of insurance property repairs and contents replacement through the consolidation and automation of tasks in the insurance claims process. The ENData ecosystem includes builders, restorers, contents suppliers, loss adjusters, and claim specialists to deliver clients a single source of truth and the best user experience available.

Media Contact: soleraPR@jargonpr.com

About Solera

Solera is a leading global data intelligence and technology solutions provider serving the vehicle lifecycle ecosystem. Through four lines of business – vehicle claims, vehicle repairs, vehicle solutions and fleet – Solera is home to many leading brands in the vehicle lifecycle ecosystem, including Identifix, Audatex, Dealersocket, Omnitracs, eDriving, Explore, cap hpi, Autodata, and others. Solera’s innovative solutions empower smarter decision-making through software, enriched data, proprietary algorithms, and artificial intelligence that come together to deliver insights to our customers and accelerate business outcomes. Solera serves over 235,000 global customers and partners in 100+ countries.

For more information:

Mike Trevino
Solera Communications
Email: michael.trevino@solera.com
Phone: 469-528-1890