Solera Holdings, Inc. (“Solera”) today announced that it will acquire Omnitracs, a complete fleet management platform, and DealerSocket, a leading SaaS provider to the automotive industry. Solera’s SuperVision ® brand, along with Omnitracs and SmartDrive, have long been recognized as leaders in helping their clients manage, control, and reduce their fleet risk exposure. Acquisitions of Omnitracs, DealerSocket and eDriving Position Solera as the Global Data Intelligence and Technology Leader in Vehicle Lifecycle Management Westlake, TX, June, 2021 – Solera Holdings, Inc. (“Solera”) announced that it has completed its acquisitions of Omnitracs, … – May 17, 2021 – Solera Holdings, Inc. (“Solera”) today announced that it will acquire Omnitracs, a complete fleet management platform, and DealerSocket, a leading SaaS provider to the automotive industry. ... Solera to acquire Omnitracs and DealerSocket. Westlake, TX, May 17, 2021 – Solera Holdings, Inc. (“Solera”) today announced that it will acquire Omnitracs, a complete fleet management platform, and DealerSocket, a leading SaaS provider to the automotive industry. Omnitracs is a leading fleet management platform, DealerSocket is … The acquisition of eDriving allows Solera to deepen its focus beyond the vehicle into driver behavior and risk analytics. WESTLAKE, Texas, June 7, 2021 /PRNewswire/ -- Solera Holdings, Inc. ("Solera") announced that it has completed its acquisitions of Omnitracs, DealerSocket and eDriving. Westlake, TX, May 17, 2021 – Solera Holdings, Inc. (“Solera”) today announced that it will acquire Omnitracs, a complete fleet management platform, and DealerSocket, a leading SaaS provider to the automotive industry. “Solera is the driving force behind the rapid digitization of the vehicle life cycle, delivering intelligent, data-driven, mission-critical solutions for our customers,” Solera CEO Darko Dejanovic said in the statement. Solera to Acquire Omnitracs and DealerSocket PR Newswire WESTLAKE, Texas, May 17, 2021 Expanding its Capabilities as the Global Data Intelligence and Technology Leader in … A spokesperson for Apollo declined to comment. Omnitracs (Solera Holdings) Omnitracs offers the only complete fleet intelligence software platform. Dallas' Omnitracs, which was recently acquired by Westlake-based Solera, has released SmartSense for Inattentive Driving+ to detect and notify a driver using AI and computer vision to find potential safety-critical behavior. Solera’s acquisition of DealerSocket and Omnitracs may be a sign that Vista Equity Partners is considering taking the company public, according to The Dallas Morning News. Omnitracs is a leading fleet management platform, DealerSocket is a best-in-class SaaS provider to the automotive industry and eDriving is the digital driver risk management partner for many of the world’s largest commercial fleets. Omnitracs … July 21, 2021 — Following a scuttled SPAC attempt earlier this year for portfolio company Solera Holdings, Vista Equity Partners now is planning for an initial public offering later this year or early next year. These acquisitions will extend Solera’s position as the preeminent global data intelligence and technology leader serving all constituents engaged in vehicle lifecycle management. Specifically, Lauk said that Vista blocked Solera's acquisition of Lytx, a video telematics company, and tried to force Solera to instead buy Omnitracs, which … No financial terms were disclosed. Westlake-based Solera Holdings has a deal to acquire Australian insurance tech provider ENData, the company announced on Monday. Monday, May 17, 2021. Expanding its Capabilities as the Global Data Intelligence and Technology Leader in Vehicle Lifecycle Management. Solera Holdings, Inc. has completed its acquisitions of Omnitracs, DealerSocket and eDriving. Solera, of Westlake, Texas, also completed its purchase of Omnitracs, which provides fleet management software. May 17, 2021. The acquisition of eDriving allows Solera to deepen its focus beyond the vehicle into driver behavior and risk analytics. They let go of many talented individuals that used to work for Omnitracs and hire a lot of young unexperienced engineers outside of U.S. WESTLAKE, Texas, May 17, 2021 /PRNewswire/ -- Solera Holdings, Inc. ("Solera") today announced that it will acquire Omnitracs, a complete fleet management platform, and DealerSocket, a … In a release, Solera stated its acquisition of Omnitracs would create a “unified platform that encompasses safety, productivity and maintenance solutions for commercial fleets.”. In 2019, Solera sued Vista, claiming it blocked an acquisition to acquire Omnitracs, and in 2020, DealerSocket sued Vista for value manipulation and shareholder oppression when attempting to acquire Auto/Mate. DealerSocket is set to have new ownership. Solera says the acquisition allows it to offer a unified platform offering safety, productivity and maintenance solutions for commercial fleets. Vista took Solera, which has operations in more than 90 countries, private in 2016 at a valuation of more than $6.5 billion. May 17, 2021, 12:14 ET WESTLAKE, Texas, May 17, 2021 /PRNewswire/ -- Solera Holdings, Inc. ("Solera") today announced that it will acquire Omnitracs, a … Solera Holdings, Inc. ("Solera") announced that it has completed its acquisitions of Omnitracs, DealerSocket and eDriving. Flag as Inappropriate Report Flag as Inappropriate. Acquisitions of Omnitracs, DealerSocket and eDriving Position Solera as the Global Data Intelligence and Technology Leader in Vehicle Lifecycle Management WESTLAKE, Texas, … Solera has made three acquisitions: Omnitracs, DealerSocket and eDriving. This acquisition expands Solera’s position as a global data intelligence and technology leader serving all constituents engaged in vehicle lifecycle management. Through an intelligent platform, ENData can simplify and automate the fulfillment of insurance claims. Solera’s acquisition of DealerSocket and Omnitracs could signal that Vista Equity Partners is considering taking the company public, The Dallas Morning News reported last month. Share. Solera Holdings, Inc. announced on June 2, 202, that it has acquired eDriving, the digital driver risk management partner for many of the world’s largest commercial fleets. Solera Holdings Inc., which specializes in data and software for the insurance and automotive industries, said Monday it closed on its acquisition … Omnitracs is a leading fleet management platform, DealerSocket is a best … Westlake, TX, May 17, 2021 – Solera Holdings, Inc. (“Solera”) today announced that it will acquire Omnitracs, a complete fleet management platform, and DealerSocket, a leading SaaS provider to the automotive industry. See reviews by: Popularity|Rating|Date|All. Solera’s SuperVision brand, along with Omnitracs and SmartDrive, have long been recognized as leaders in helping their clients manage, control, and reduce fleet risk exposure. Solera, DealerSocket and Omnitracs all are … (“Solera”) today announced that it will acquire Omnitracs, a complete fleet management platform, and DealerSocket, a leading SaaS provider to the automotive industry. This acquisition impacted our work style, teams and processes across the world. With Omnitracs, Solera will offer a unified platform that encompasses safety, productivity and maintenance solutions for commercial fleets. WESTLAKE, T.X. In March, Vista Equity Partners reportedly considered taking Solera public through a special-purpose acquisition company, Apollo Strategic Growth Capital, according to reporting from Bloomberg. It's solving a problem—inattention—that has become increasingly worse during COVID, according to CTO Ray Ghanbari. Solera Acquires DealerSocket and Omnitracs, Fueling Public Offering Rumors Westlake-based Solera Holdings Inc. announced it has acquired the two Dallas-area companies, putting Texas firmly on the road toward auto tech dominance. WESTLAKE, Texas, May 17, 2021 /PRNewswire/ -- Solera Holdings, Inc. ("Solera") today announced that it will acquire Omnitracs, a complete fleet management platform, and DealerSocket, a … Financial terms of the agreement were not disclosed. WESTLAKE, Texas, May 17, 2021 /PRNewswire/ -- Solera Holdings, Inc. ("Solera") today announced that it will acquire Omnitracs, a complete fleet management platform, and DealerSocket, a leading SaaS provider to the automotive industry. Solera Holdings, Inc. announced that it has completed its acquisitions of Omnitracs, DealerSocket and eDriving.Omnitracs is a leading fleet management platform, DealerSocket is a best-in-class SaaS provider to the automotive industry and eDriving is the digital driver risk management partner for many of the world’s largest commercial fleets. In 2019, Solera sued Vista, claiming it blocked an acquisition to acquire Omnitracs, and in 2020, DealerSocket sued Vista for value manipulation and shareholder oppression when attempting to acquire Auto/Mate. Vista’s Solera Is Said in Talks to Go Public Via Apollo SPAC (1) Vista first invested in DealerSocket in 2014, a statement showed at the time. A total of 6 acquisitions came from private equity firms.. Solera’s largest acquisition to date was in 2006, when it acquired Audatex North America for $975M.Solera has acquired in 12 different US states, and 13 countries. The expanded deal would be valued… United States: Solera Holdings, Inc. announced that it will acquire Omnitracs, a complete fleet management platform, and DealerSocket, a leading SaaS provider to the automotive industry. Get FREE Stocks with Robinhood! Texas-based Solera announced that it will acquire Omnitracs, a complete fleet management platform, and DealerSocket, a SaaS provider to the automotive industry. 07, 2021, 11:03 AM WESTLAKE, Texas – In a little less than a month from first making the decision known publicly, Solera Holdings announced on Monday that it has completed its acquisitions of Omnitracs, DealerSocket and eDriving. After Solera acquisition, the environment became so different and the culture became toxic. DealerSocket is set to have new ownership. SPACs are a type of blank check company created to pool funds in order to finance a merger acquisition. The portfolio companies that Vista would combine with Solera are DealerSocket and Omnitracs. The expanded deal would be valued… Solera has acquired 39 companies of its own, including 9 in the last 5 years. Vista Equity Partners is in talks to add two portfolio companies to its deal for Solera Holdings to go public through a merger with Apollo Strategic Growth Capital, Bloomberg reports, citing people familiar with the matter. Omnitracs is a leading fleet management platform, DealerSocket is a best-in-class SaaS provider to the automotive industry and eDriving is the digital driver risk management partner for many of the world’s largest commercial fleets. These acquisitions will extend Solera… Solera Holdings, Inc. (“Solera”) announced that it has completed its acquisitions of Omnitracs, DealerSocket and eDriving. Omnitracs is a leading fleet management platform, DealerSocket is a best-in-class SaaS provider to the automotive industry and eDriving is the digital … Omnitracs has about $900 million in debt, according to data compiled by Bloomberg. Both lawsuits were settled out of court in 2019 and 2020, respectively. May 17, 2021. WESTLAKE, Texas, May 17, 2021 /PRNewswire/ -- Solera Holdings, Inc. ("Solera") today announced that it will acquire Omnitracs, a complete fleet management platform, and DealerSocket, a leading SaaS provider to the automotive industry. According to Bloomberg, the talks involved a potential $15 billion transaction that would have merged Solera Holdings, Inc., DealerSocket Inc and Omnitracs, three of Vista Equity Partner’s portfolio companies with APSG taking them public. According to a news release distributed on Monday, Solera Holdings announced that it will acquire DealerSocket as well as Omnitracs… Solera Holdings, Inc. announced that it has completed its previously announced acquisitions of Omnitracs, DealerSocket and eDriving.Omnitracs is a fleet management platform, DealerSocket is a SaaS provider to the automotive industry and eDriving is the digital driver risk management partner for many of the world’s largest commercial fleets. Westlake, TX – Solera Holdings, Inc. announced on Monday it will acquire transportation technology giant Omnitracs. Solera, of Westlake, Texas, also plans to acquire Omnitracs, which provides fleet management software. It acquired Omnitracs from Qualcomm Inc. in 2013 for $800 million in cash. These acquisitions will extend Solera’s position as the preeminent global data intelligence and technology leader serving all constituents engaged in vehicle lifecycle management. 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