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Solera Holdings Buys Explore Information Services For $520M

Dallas-based Solera Holdings, Inc., which provides software and services for the automobile insurance claims processing industry, said today that it has agreed to buy Explore Information Services, a provider of data and analytics services to the automotive property and casualty insurance industry. The deal is worth $520M in cash. Solera said that Explore had revenue of $76.8M for the twelve months ended December 31, 2010.