(Bloomberg) --Vista Equity Partners-backed automotive data and software services provider Solera Global Corp. has filed confidentially for an initial public offering.
Westlake, Texas-based Solera announced the filing in a statement Wednesday and didn't offer any additional details. Its IPO could launch as soon as July and raise more than $1 billion, Bloomberg News has
Solera is a global software-as-a-service provider of integrated vehicle life-cycle and fleet management. It helps clients including insurers address vehicle claims, repairs and fleet management. Solera serves more than 300,000 customers, according to a statement in March.
In 2016, Vista led a group of investors including a unit of Koch Industries Inc. that took Solera
Vista entered negotiations in 2021 to merge Solera, as well as its companies DealerSocket Inc. and Omnitracs, with a special purpose acquisition company in a $15 billion transaction, Bloomberg News
Solera also acquired digital driver risk management firm eDriving and Australian insurance technology provider