FOR IMMEDIATE RELEASE:
DST ANNOUNCES ACQUISITION BY SOLERA HOLDINGS
Lake Forest, CA – December 12, 2013 — DST, Inc. has confirmed that it has entered into a definitive merger agreement with Solera Holdings Inc. a global provider of software and services to the automotive and related decision support industries. DST’s technologies will strengthen Solera’s “North American Parts Platform” for automotive supply chain connectivity. The Solera companies leverage each other to develop and deliver the latest technologies, market intelligence and best practices to over 75,000 client customers in nearly 60 countries; helping those customers to resolve over 25 percent of the 100 million repair claims and $150 billion spent on repair costs around the world.
The management team along with the current DST Staffing will remain in place and DST will continue operations from their current offices in Lake Forest, California and Memphis, Tennessee. DST provides customized cloud-based solutions that connect buyers with sellers while maximizing digital assets for effective marketing. They are also a leading provider of distribution management and service management solutions that maximize productivity. The core mission of DST will remain intact but will also be enhanced by the unparalleled strength and breadth of Solera.
“This is an exciting time for DST and the customers we serve” said DST President and CEO, Stan Gowisnock. “DST can now capitalize on Solera’s global footprint, connecting all facets of the Automotive, Heavy Duty and OE markets, providing best in class solutions for parts distribution everywhere.”
Lake Forest, CA-headquartered DST, Inc. has been providing proven eCommerce and Supply Chain technology solutions for over 25 years. DST’s product offerings include TurboParts, a comprehensive e-commerce suite, TurboShop shop management solutions, TurboPrise distribution management solutions and TurboSight, business analytics solutions. Through its cloud-based procurement solutions, DST connects mechanical aftermarket, heavy-duty and OEM parts suppliers with repair shops, dealerships and fleet consumers, driving revenues and lowering operating costs.
DST products are based on open technologies to allow companies to maximize their existing infrastructure while still taking advantage of the latest in eBusiness tools. For more information, please visit www.dstinc.com .
DST, Inc.: Sandy Taylor
E-mail: [email protected]