Kirkland & Ellis Reps Solera In $520M Explore Info Buy

Law360, New York (April 25, 2011, 1:17 PM EDT) -- Solera Holdings Inc., a software provider to the automobile insurance industry, said Monday it would buy Explore Information Services LLC from holding company Altegrity Inc. for $520 million in cash to bring new driver violation reporting services to insurers.

Texas-based Solera said it had signed a definitive agreement to acquire Explore, which delivers subscription-based products that aggregate, standardize and match data gathered from 42 state governments to automotive property and casualty insurers. The products allow insurers to manage risk during the full life cycle of a...
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