Solera Creates new Netherlands, Germany, Austria, Switzerland (NGAS) Region
DALLAS, July 14, 2011 /PRNewswire/ -- Solera Holdings, Inc. (NYSE: SLH), the leading global provider of software and services to the automobile insurance claims processing industry, today announced the creation of the Netherlands, Germany, Austria and Switzerland (NGAS) Region. The newly created region will allow Solera to leverage the operational and technological achievements and investments it has made during the first phase of the HEMI (Highly Established Markets Initiative) Region enhancing the capability of the members of the NGAS Region to cross-pollinate each other's product and service portfolios and leadership teams. The Netherlands today has a very comprehensive portfolio of products and services, especially in the areas of claims management, business intelligence and fraud detection. In Germany, we have a new generation claims platform and the industry leading eSalvage exchange. By leveraging these synergies across the region, Solera will be able to deliver even more value to our customers.
"We have selected a proven Solera leader to execute this important mission. Peter van den Heuvel, our current Managing Director for the Netherlands, will be promoted to lead the NGAS Region. Peter was one of the first leadership appointments we made after Solera acquired the business from ADP in 2006. Under his leadership, we have steadily improved our results in the very important Dutch market. In addition, Peter is a good example of how application of the Solera Way helps us transform businesses we have acquired around the globe, like ABZ, into major contributors to Solera," said Tony Aquila founder, chairman and CEO of Solera.
About Solera Holdings, Inc.
Solera is the leading global provider of software and services to the automobile insurance claims processing industry. Solera is active in close to 60 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, AUTOOnline providing salvage disposition in a number of European and Latin American countries, Hollander serving the North American recycling market, Explore providing data to U.S. P&C insurers used in the re-underwriting of their insured drivers, and IMS providing medical review services. For more information, please refer to the company's website at http://www.solerainc.com.
Cautions about Forward-Looking Statements
This press release contains forward-looking statements, including statements about: the goals for and expected benefits of the NGAS Region, including customer benefits; and statements about our historical results or performance that may suggest trends for our business. These statements are based on our current expectations, estimates and assumptions and are subject to many risks, uncertainties and unknown future events that could cause actual results to differ materially. Actual results may differ materially from those set forth in this press release due to the risks and uncertainties inherent in our business, including, without limitation: our dependence on a limited number of key personnel, including newly appointed personnel who will manage the NGAS Region; risks associated with the uncertainty in and volatility of global economic conditions; unpredictability and volatility of our operating results, which include the volatility associated with foreign currency exchange risks, our sales cycle, seasonality and other factors; our reliance on a limited number of customers for a substantial portion of our revenues; effects of competition on our software and service pricing and our business; time and expenses associated with customers switching from competitive software and services to our software and services; and rapid technology changes in our industry. For a discussion of these and other factors that could impact our operations or financial results and cause our results to differ materially from those in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission, particularly our Quarterly Report on Form 10-Q for the Quarter Ended March 31, 2011. Solera is under no obligation to (and specifically disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
SOURCE Solera Holdings, Inc.
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