Tuesday, September 29, 2015

IHS: No Truth In Rumors Of Bid For Solera Holdings

Englewood, Colorado-based information and analytics service provider IHS says that there is no truth in reports that the company is about to make a bid on Solera Holdings, a developer of software used for car insurance claims processing. In an unusual denial from the company, IHS Chairman and CEO Jerre Stead specifically reponded to the rumors, saying that the firm is "not pursuing the acquisition of Solera." Solera Holdings recently announced a deal with private equity investor Vista Equity Partners for an acquisition. Rumors of an IHS bid for Solera first popped up on Friday.