Friday, April 1, 2011

Solera Holdings Buys Product Line

Dallas-based Solera Holdings, a provider of software and services to the automobile insurance claims processing industry, said this morning that it has acquired assets from Inventory Technology Systems, Inc.. Financial details of the buy were not disclosed. Solera said tat ITS provides proprietary workflow tools for controlling and tracking alternative parts, from the salvage yard industry. The acquisition was made via Hollander, Solera's operating company in the salvage yard management industry.