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Announced

Completed

Solera completed the acquisition of Omnitracs and DealerSocket.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

United States

Majority

Software

management platform

Private

Acquisition

SaaS provider

Domestic

Single Bidder

Completed

Synopsis

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Solera, a provider of risk management and asset protection software and services, completed the acquisition of Omnitracs, a complete fleet management platform, and DealerSocket, a SaaS provider to the automotive industry. Financial terms were not disclosed. "The combination of DealerSocket with Solera allows us to offer dealerships a fully unified platform to simplify workflows and enables us to become the digital backbone across all areas of a connected dealership, simplifying and improving the retail experience. We are thrilled to join the Solera team," Sejal Pietrzak, DealerSocket CEO.

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