New Audatex start-up launches first product, RepairMatch
By Jeff Sanford Toronto, Ontario — March 8, 2017 — In this new era of web-connected cars, Silicon Valley and Detroit have come together like no other time in history. The start-up culture of the west coast is melding with Motor City muscle, and the recent launch of a new digital app for the collision […]
Audatex and Driven Brands announce strategic relationship
San Diego, California — April 25, 2016 — Audatex has announced a strategic relationship with automotive franchise company Driven Brands. The company is the parent of CARSTAR and Maaco, among other automotive franchise and retail operations. According to the release, this new relationship will enable every franchise location to have the Audatex solution with […]
Vista Equity completes acquisition of Solera
Westlake, Texas — March 7, 2016 — Solera Holdings has been acquired by an affiliate of Vista Equity Partners. Other key investors include an affiliate of Koch Equity Development. Solera produces data and software solutions focused on insurance claims, including Audatex and AudaExplore. The deal closed with a purchase price of $6.5 billion US, or […]
Financial roundup: Ups and downs for collision repair companies
By Jeff Sanford Toronto, Ontario — October 19, 2015 — Publicly traded companies in the collision repair space are getting ready to announce results for the third quarter of 2015. Let’s hope the results are better than stocks in the wider market. The earnings haven’t been good at some major consumer-based companies. Many assumed that […]
Audatex parent Solera sold to Vista Equity
By Jeff Sanford Toronto, Ontario — September 15, 2015 — After several weeks of rumours and anticipation the sale of AudaExplore/Audatex parent company Solera has been announced. Vista Equity will pay a mighty $6.5 billion for the company. The deal is not unexpected. Executives at Solera recently voted to award bonus packages to convince executives […]
Solera reports financials as sale rumours pick-up
By Jeff Sanford Toronto, Ontario — August 26, 2015 — Solera Holdings released results for the fourth quarter this week. The company provides software to the automobile-claims-processing industry and is the owner of Audatex. The company reported that revenue grew to $297 million this year from $268 million in the same period last year. […]
