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Last $53.46 USD
Change Today -0.45 / -0.83%
Volume 2.2M
SLH On Other Exchanges
New York
As of 8:04 PM 11/25/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

7 Village Circle

Suite 100

Westlake, TX 76262

United States

Phone: 817-961-2100


Solera Holdings, Inc. provides risk and asset management software and services to the automotive and property marketplace, including the global property and casualty insurance industry. The company is expanding beyond its position in collision repair and U.S.-based mechanical repair presence to bring data driven productivity and decision support solutions to other aspects of vehicle ownership, such as vehicle validation, vehicle valuation, glass repair, driver violation monitoring, vehicle salvage, and electronic titling. The company is also taking its core competencies of data, software and connectivity from the auto to the home. Platforms The company operates three platforms - Auto, Customer’s Customer and Property. Its primary databases include its repair estimating database, its total loss database, its claims database, its vehicle validation database, its motor vehicle record database, its salvage parts database, its service maintenance and repair databases and its property database. Auto Platform Through its Auto Platform, the company facilitates collision repair, vehicle maintenance and repair, glass repair, vehicle salvage, and parts procurement. Automotive Claims Platform and Solutions The company’s software and services include the following general categories: estimating and workflow software, salvage, salvage disposition and recycling software, electronic titling, subrogation solutions, business intelligence and consulting services, vehicle validation, and insurance re-underwriting. The majority of the company’s customers access its software and services through a standard Web browser utilizing a software on demand model. By subscribing to its services, the company’s customers can reduce upfront investments in software, hardware, implementation services and IT staff that they would typically make with traditional software solutions. Estimating and Workflow Software The company’s core offering is its estimating and workflow software. Key functions of the company’s estimating and workflow software include: capturing first notice of loss information; assigning, managing and monitoring claims and claim-related events; accessing and exchanging claims-related information; calculating, submitting, tracking and storing repair and total loss estimates; reviewing, assessing and reporting estimate variations based upon pre-set rules; routing shop estimates for manual review; and scheduling repairs and automating parts ordering. Salvage Disposition Software The company’s salvage disposition software and networks help insurers maximize the proceeds of disposing of the totaled vehicle by connecting buyers and sellers via an electronic auction network. Key functions of the company’s salvage disposition software include: determining the value of a vehicle in real-time as the repair estimate is being written to determine the actual cash value as an aid in determining if a vehicle is a total loss; determining the actual cash value of a vehicle allowing the insurance company to maximize its yield; and connecting sellers with qualified buyers. Vehicle Maintenance and Mechanical Repair An overview of the automobile maintenance and repair process and its complexities provides a framework for understanding how the company’s customers can derive value from its software and services. Automotive Glass Repair Operating under the brand names of LYNX Services, GTS Services and GLAXIS, the company provides software and business management tools, third-party claims administration, first notice of loss and network management services to the U.S. auto insurers, glass repair facilities and suppliers specializing in glass claims. The company’s services allow insurance companies to handle glass claims while providing high levels of customer service to their customers. In addition, through its software services, the company allows glass repair facilities to operate through enhanced workflow and scheduling. The company also creates efficiency within the supply chain by connecting glass repair facilities and suppliers. Salvage and Parts Solutions Through its Hollander brand, the company provides so


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