WESTLAKE, Texas, Dec. 11, 2018 /PRNewswire/ -- Solera
Holdings, Inc. ("Solera"), a global leader in intelligent data and
software as a service (SaaS) to manage and secure the automotive,
light and heavy truck fleet, home and identity ecosystems, and
MAPFRE S.A. ("MAPFRE"), a premier global insurer, announced today
the completion of the acquisition of CESVI (Center for
Experimentation and Road Safety) Brasil by the two entities' joint
venture, Solera Technology Centre GmbH ("STC"). CESVI Brasil is a
leading automotive research and experimentation center in Brasil,
focused on providing insight, safety guidelines and transparency,
including training for vehicle repair facilities and their
technicians, insurers, original equipment manufacturers, and
governmental entities.
"STC's investment in CESVI Brasil furthers our mission of
ensuring complete transparency and safety for vehicle and fleet
operations and ownership worldwide," said Javier Velasco, Chief Data Officer of Solera.
"The data they collect and the tests they perform are critical to
predicting trends and developing cognitive solutions that address
the needs of every person who drives, insures or repairs any vehicle in
Brasil."
STC adds CESVI Brasil to its growing operations on three
continents, focused on modernizing the insurance and vehicle repair
ecosystems with data-based science, predictive software, and
technology focused education and training.
About MAPFRE
MAPFRE is a global insurer with presence on five continents.
MAPFRE is the largest Spanish insurer in the world, the main
multinational insurer in the Latin American market and is among the
Top 5 in Non-Life insurer in Europe by volume of
premiums. MAPFRE employs more than 36,000 employees and in 2017
MAPFRE's revenues totaled almost 28 billion euros, with net
earnings of 701 million euros. For more information, please
visit https://noticias.mapfre.com/en/
About Solera
Solera was founded by Tony Aquila with the mission to digitize
and make mobility transactions across the critical 54 and 250
transactions in a car, truck, fleet to deliver true and
accurate transparency and knowledge to everyone. Today Solera,
is now a global leader in digital technologies that manage and
protect life's most important assets: our cars, trucks, homes and
identities. Today, Solera processes over 300 million digital
transactions annually for approximately 235,000 partners and
customers in over 90 countries. For more information, please visit
solera.com.
Cautions About Forward-Looking Statements
This press release contains forward-looking statements,
including statements about: the benefits of the acquisition of
CESVI Brasil (the "Acquisition"), including but not limited to,
STC's global strategy to leverage data, software to further
research and develop new products and solutions; and the benefits
and value of products and services to Solera's, STC's and CESVI
Brasil's customers. These statements are based on Solera's 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 transactions of this nature,
Solera's business, STC's business and CESVI Brasil's business,
including, without limitation: the failure to realize the expected
benefits of the Acquisition; risks associated with and possible
negative consequences of acquisitions, investments, joint ventures
(including STC) and similar transactions; successfully integrating
CESVI Brasil's solutions with or into STC or Solera group
offerings; continued adoption of CESVI Brasil's, STC's and the
Solera group's products and services; effects of competition on
product and service pricing and STC's, CESVI Brasil's and Solera's
business; and rapid technology changes in CESVI Brasil's, STC's and
Solera's industry. 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.
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SOURCE Solera Holdings, Inc.