Solera to acquire Spireon from Greenbriar Equity.

Solera, a global provider of integrated vehicle lifecycle and fleet management software-as-a-service, data, and services, agreed to acquire Spireon, a developer of GPS tracking software, from Greenbriar Equity, a private equity firm. Financial terms were not disclosed. "This acquisition is strategically aligned with our existing fleet and dealership growth strategies and will expand our customer base. It increases our total addressable market and adds significant opportunities for cross-selling and solution integration that benefit customers. Bringing together Spireon's IoT platform and Solera's data assets creates a powerful, intelligent network that we believe improves safety, efficiency, and productivity across the vehicle lifecycle. Every addition to our data assets allows us to enhance a continuous cycle of insights that solves the issues our customers face today while proactively addressing the challenges they will face tomorrow," Darko Dejanovic, Solera CEO.