Solera’s Success Leads to $6.5B Acquisition

Vista Holdings bought the Westlake-based software company that helped transform the insurance industry's use of technology.

Solera

Westlake-based Solera changed the way the insurance industry operates in the digital world since its founding in 2005 by Tony Aquila.

The company’s history of digital transformation continues after Vista Holdings bought Solera in March for $6.5 billion. That’s a lot of money, but it gave Vista a company that processes 230 million transactions a year, has 195,000 customers, and operates in more than 75 countries, according to an article at launchdfw.com that takes a look at Solera’s successes.

Solera’s platform allows insurers, OEMs, dealers, SMR industry participants, and drivers to connect with each other under the same digital marketplace. 

The company also manages transactions — from vehicle purchase to sale, and everything in between.

Launchdfw reports that Solera’s headquarters, on a 12-acre ranch, is full of vintage décor, an extensive car collection owned by Aquila, bonfire pits, and the firing range out back where big ideas are born. 

Delivering what’s new and next in Dallas-Fort Worth innovation, every day. Get the Dallas Innovates e-newsletter

Comments are closed.