Solera Holdings Strengths, Domain Expertise, and Key Differentiators
Solera has been studying the practical application of AI and machine learning in regard to vehicle damage assessment through guided image capture. This technology utilizes AI to accurately identify vehicle damage and automate an initial estimate. The company’s proprietary solutions combine advanced photo analytics and next-generation mobile claims technology, supported by a robust database composed of global data assets.
Through the power of data, Solera revolutionized the insurance claims processing industry by bringing transparency, efficiency, and connectivity to a once fragmented process. By creating an innovative risk and asset management platform, Solera is uniquely positioned to serve this need.
Solera Holdings Recent Developments
In March 2023, Solera, has introduced a new comprehensive repair shop management solution – Identifix Shop Manager – to help repair shops modernize and optimize operations. Identifix Shop Manager is a cloud-based system for repair shops of all sizes, giving managers visibility into parts pricing, job tracking, accounting, and more. It easily integrates with several leading accounting programs and part providers, allowing for a seamless setup.
In May 2022, Solera announced significant new updates to Omnitracs One. These upgrades include integrations with well-known third parties in commercial trucking navigation, trucking management systems (TMS), and managed mobility services to improve operational efficiencies, data-driven insights, and provide a best-in-breed fleet solution with Omnitracs One.
In March 2021, announced the global rollout of their state-of-the-art Artificial Intelligence (AI) solution, Qapter, to automotive repair and bodyshops in Europe and North America. Customers using Qapter will have the ability to empower non-skilled damage appraisers to create estimates in under three minutes. The AI-based estimating system will help repair shops to shorten key-to-key times, manage operating costs and deliver a better repair experience for customers.
German biometrics company BioID and Dutch identity provider Digidentity, part of Solera Holdings, Inc., collaborated to offer a completely automated identity proofing process to the British government. Offering remote identity verification for GOV.UK Verify, Digidentity enables the British public to access a wide range of governmental services online.
In January 2018, SuperVision, comprehensive fleet safety, and performance management product line from Explore Information Services, a Solera Holdings company launched a License Monitor solution. License Monitor is the first fleet monitoring service to offer coverage in all Canadian provinces and territories.
Solera Holdings Mergers and Acquisitions (M&A) Activities
In February 2022, Solera, the provider of integrated vehicle lifecycle and fleet management software-as-a-service, data, and services, today announced that it has signed a definitive agreement to acquire Spireon, one of North America’s largest device-independent telematics and connected vehicle intelligence companies.
In June 2021, Solera Holdings, Inc. (“Solera”) has completed its acquisitions of Omnitracs, DealerSocket and eDriving.
In February 2019 Solera has acquired in4mo Oy, a Nordic leading provider of SaaS-based software and services to the property structure insurance and repair professional marketplaces. This transaction will accelerate the delivery of next-generation Digital Home applications for Solera's customers and property owners. With the acquisition of in4mo, Solera will add yet another component to Solera's expanding capabilities in the digital protection of all assets.
At the end of 2018 Solera completed the acquisition of CESVI (Center for Experimentation and Road Safety) Brasil by the two entities joint venture, Solera Technology Centre GmbH. 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 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.
Solera Holdings Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Solera Holdings applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Solera Holdings and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Solera customers.
Solera Holdings Overview
1500 Solana Blvd. Building #6 Suite #6300
Westlake, TX, 76262, United States
1 817-961-2100
https://www.solera.com/
Ownership: - Vista Equity Partners
Number of Employees: 7500
Functional Markets: ERP Financial, ERP Services and Operations, SCM,
Key Verticals: Aerospace and Defense, Automotive, Distribution, P&C Insurance, Professional Services, Transportation,
Solera Holdings Key Enterprise and Cloud Applications
Solera
Solera Holdings Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
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| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Solera Holdings Revenue Breakdown By Type, $M:
Solera Holdings Enterprise Applications Revenues By Functional Markets, $M:
Solera Holdings Enterprise Applications Revenues By Verticals, $M:
Solera Holdings Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
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| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Solera Holdings Direct vs Indirect sales
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| Revenues, $M | Subscribe | Subscribe | Subscribe |
Solera Holdings Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Solera Holdings Customers
No. of Solera Holdings Customers: 300000
No. of Solera Holdings Enterprise Applications Customers: x
No. of Solera Holdings Cloud Customers: x
No. of Solera Holdings Cloud Subscribers: x
Solera, a global player in the automotive and insurance industry, boasts an extensive clientele, with over 300,000 customers spanning across 85 countries. This vast customer base includes automobile insurance companies, collision repair facilities, independent assessors, and automotive recyclers. Solera's commitment to serving diverse sectors within the automotive ecosystem positions it as a pivotal force in the industry.
Solera Holdings Market Opportunities, M&A and Geo Expansions
Solera's journey is marked by seizing opportunities at every turn. The release of Qapter in February 2021, a groundbreaking update to its AI-powered automotive claims platform, exemplifies Solera's commitment to innovation. With a machine-learning-driven approach, Qapter now delivers a 40% faster damage detection, providing accurate car repair estimates in under 2 seconds. The launch of the next generation of Qapter in June 2020 further reinforces Solera's dedication to the digitalization of the claims workflow, driven by AI-based technology.
Strategic acquisitions, such as RedCap, demonstrate Solera's focus on mobility and logistics platforms, enhancing customer experiences in dealerships. The company's investments in machine-learning capabilities showcase its foresight in transforming the claims workflow process. Expanding into the Middle East market through a strategic partnership with the Saudi Authority for Accredited Valuers underscores Solera's commitment to global growth and aligning with regional visions, such as Saudi Vision 2030.
Solera Holdings Risks and Challenges
Solera, like any industry leader, faces internal and external risks. The threat from growing cloud startups poses a challenge to its core insurance apps business. Legal battles, such as the lawsuit filed by founder Tony Aquila in September 2019, highlight the intricacies of leadership transitions and the financial implications of stock options. The swift CEO transition from Jeff Tarr to Darko Dejanovic in response to evolving circumstances showcases Solera's adaptability to navigate challenges.
Solera Holdings Ecosystem, Partners, Resellers and SI
Solera's ecosystem is a web of strategic partnerships, acquisitions, and extensions. The acquisition of RedCap and earlier entities like Digidentity and Autodata reinforces Solera's commitment to intelligent data management and identity protection. Exclusive business partnerships, like the five-year extension with eBay in North America, solidify Solera's role in the automotive recycling industry. These partnerships not only fuel growth but also position Solera as a crucial link connecting various facets of the automotive ecosystem.
Solera Holdings Cloud Infrastructure Insights
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Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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