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SOURCE Solera Holdings, Inc.
WESTLAKE, Texas, July 16, 2014 /PRNewswire/ -- Solera Holdings, Inc. ("Solera", "we" or "our") (NYSE: SLH), a leading global provider of software and services to the automobile insurance claims processing and decision support industries, today announced that it has completed the acquisition of the claims related business from the Sherwood Group of companies in the UK. The acquired company will conduct business under the name Valexa Technologies Limited ("Valexa").
Valexa is a leading provider of innovative exchanges, settlement platforms, and data analytics focused on the insurance industry in the UK, including car rental billing services and pet insurance claims, a market that has been growing in the double-digits with approximately one million policies in force today.
Solera is a leading global provider of software and services to the automobile insurance claims processing and decision support industries. Solera is active in over 65 countries across six continents. The Solera companies include Audatex in the United States, Canada, and in more than 45 additional countries, Informex in Belgium and Greece, Sidexa in France, ABZ and Market Scan in the Netherlands, HPI in the United Kingdom, Hollander serving the North American recycling market, AUTOonline providing salvage disposition in a number of European and Latin American countries, IMS providing medical review services, and Explore providing data and analytics to United States property and casualty insurers; and Service Repair Solutions, a joint venture with Welsh, Carson, Anderson & Stowe, that provides solutions for the service, maintenance and repair market. For more information, please refer to the company's website at http://www.solerainc.com.
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