Solera, a global provider of software and services to the automobile insurance claims processing and decision support industries, has completed the acquisition of the claims related business from the Sherwood Group of companies in the UK.
The acquired company will conduct business under the name Valexa Technologies Limited ("Valexa").
Valexa is a leading provider of innovative exchanges, settlement platforms, and data analytics focused on the insurance industry in the UK, including car rental billing services and pet insurance claims, a market that has been growing in the double-digits with approximately one million policies in force today.