Tag Archives: GLAXIS

Glaxis RightGlass and Online NAGS Catalog Services Down

The GTS Services/Glaxis Team have notified customers that its RightGlass and Online NAGS Catalog services at apps.glaxis.com have been down for some time and will remain down “indefinitely.” However, the company notes that it is using the downtime “to improve … Continue reading

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Solera Holdings Schedules Special Stockholders Meeting

Solera Holdings, parent company to LYNX Services, GTS and Glaxis, is moving forward with its plan to go private. It has scheduled a special stockholders meeting for December 8, 2015 at 8 a.m. Central Time, at the Grand Hyatt DFW at Dallas/Fort Worth International Airport to hold a vote on the deal.

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Solera Holdings Says FTC Terminated Waiting Period under Hart-Scott-Rodino Antitrust Act

Solera Holdings, parent company to LYNX Services, GTS and Glaxis, announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 was terminated by the United States Federal Trade Commission (FTC) on October 9, 2015. This waiting period … Continue reading

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Report: Solera Holdings Has New Suitor

Another company is considering an offer for Solera Holdings that tops Vista Equity Partners deal which is valued at $6.5 billion, including Solera’s existing debt, according to a report. Solera, parent company to LYNX Services, GTS and Glaxis, could terminate “the merger agreement [with Visa Equity] in compliance with its terms in order to accept a superior proposal,” according a U.S. Securities and Exchange Commission (SEC) document filed last week.

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Solera Holdings to Go Private

Solera Holdings, parent company to LYNX Services, GTS and Glaxis, will operate as a privately-owned company once Vista Equity Partners, Koch Industries and Goldman, Sachs & Co., close the deal to acquire 100 percent of the outstanding shares of Solera common stock for $55.85 per share in cash, according a newly filed U.S. Securities and Exchange Commission (SEC) document.

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UPDATED: Vista Equity Partners to Acquire Solera Holdings

Vista Equity Partners will acquire Solera Holdings in a transaction valued at $6.5 billion, which includes Solera’s existing debt. Other investors include an affiliate of Koch Equity Development LLC, which is the investment and acquisition subsidiary of Koch Industries Inc., and an affiliate of Goldman, Sachs & Co.

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HOT NEWS: Vista Equity Partners to Acquire Solera Holdings

Vista Equity Partners will acquire Solera Holdings in a transaction valued at $6.5 billion, which includes Solera’s existing debt. Other investors include an affiliate of Koch Equity Development LLC, which is the investment and acquisition subsidiary of Koch Industries Inc., and an affiliate of Goldman, Sachs & Co.

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Solera Holdings Cuts Fiscal 4Q Sales Call Short

Tony Aquila, Solera Holdings founder, chairperson and CEO, did not answer any questions or discuss the company’s future outlook during this week’s conference call on fiscal-year fourth-quarter sales. Why? Because the company is exploring a possible sale.

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Solera Holdings Says It’s Exploring Possible Sale

Solera Holdings, which owns LYNX Services, GTS and Glaxis, is “exploring a variety of strategic alternatives,” including a possible sale of the company, according to a company statement it released.

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Solera’s CEO Talks Glass During Quarterly Report

The addition of the automotive glass claims business has not yet had much of an impact on business, according to Tony Aquila, CEO of Solera Holdings. But he expects this to change soon.

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Solera Completes Acquisition of PGW’s Insurance and Services Division

Solera Holdings Inc. has completed the acquisition of the Insurance and Services Division of Pittsburgh Glass Works (I&S), which includes LYNX Services, GTS Services and GLAXIS.

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Solera Holdings to Acquire sachcontrol AG

Solera Holdings, which recently acquired the Insurance and Services Division of Pittsburgh Glass Works, including LYNX Services, GTS Services and Glaxis, has signed a definitive agreement to acquire sachcontrol AG, a property claims business based in Dresden, Germany.

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Solera Holdings to Issue Private Notes to Raise Capital

Solera Holdings’ indirect wholly-owned subsidiary, Audatex North America Inc., plans to issue additional 6.000 percent senior notes due 2021 and additional 6.125 percent senior notes due 2023 in an aggregate principal amount of $100.0 million in a private offering. Audatex will use the proceeds for working capital and other general corporate purposes, which “may include funding the acquisition of the Insurance and Services Division of Pittsburgh Glass Works LLC,” that includes LYNX Services, GTS Services and Glaxis.

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Industry Takes Wait and See Attitude with LYNX, Solera Holdings’ Deal

“I’m hoping that with Solera Holdings, [LYNX Services] can compete with Safelite Solutions’ dominance in the third-party administrator (TPA) [of automotive glass claims’] arena,” says Henry Peralta, sales manager for Stockton Auto Glass in Stockton, Calif. Westlake, Texas-based Solera Holdings is in the process of purchasing Pittsburgh Glass Works’ (PGW) Insurance and Services Division, which includes LYNX Services, GTS and Glaxis, along with other information technology services.

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PGW Sells LYNX Services

Pittsburgh Glass Works (PGW) plans to sell its Insurance and Services Division (I&S), which includes LYNX Services, GTS and Glaxis, along with other information technology services to Solera Holdings (NYSE SLH) of Westlake, TX. Solera will purchase 100% of the … Continue reading

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