Solera Holdings, Inc. (Solera) today announced that it has acquired eDriving, the digital driver risk management partner for many of the world’s largest commercial fleets. This acquisition expands Solera’s position as the preeminent global data intelligence and technology leader serving all constituents engaged in vehicle lifecycle management.
eDriving identifies and remediates risky commercial driver behavior. The company’s flagship product, Mentor by eDrivingSM, provides a unique smart-phone-based driver safety solution that uses telematics to analyze operator behavior in real time, improving roadway safety. It also generates a FICO® Safe Driving Score to benchmark drivers against their peers and deploys safe-driving e-Learning programs in an easy-to-implement, highly secure environment.
eDriving complements Solera’s existing fleet assets including the recently-announced pending strategic acquisition of Omnitracs, including its SmartDrive business, that will further expand Solera’s reach into adjacent global fleet markets.
Global Fleet Leadership and Growing Market Opportunity
With operations in more than 90 countries, Solera is the global software and data leader in vehicle lifecycle management. The acquisition of eDriving allows Solera to deepen its focus beyond the vehicle into driver behavior and risk analytics. Solera’s SuperVision® brand, along with Omnitracs and SmartDrive, have long been recognized as leaders in helping their clients manage, control, and reduce their fleet risk exposure. Now, with eDriving’s suite of smartphone telematics, Solera customers have access to end-to-end fleet management solutions.
“Solera is committed to advancing digital fleet management through cutting-edge technology and real time data that improves business outcomes,” said Darko Dejanovic, Chief Executive Officer of Solera. “eDriving’s suite of driver safety and risk reduction solutions will further enhance our existing products as well as uniquely bridge the gap between vehicle and driver performance on a global scale.”
eDriving’s risk management program has helped organizations in 125 countries, around the world, to improve road safety and lower the total cost of fleet ownership. Using one convenient platform, customers have access to a comprehensive risk data set that identifies driving incidents, license violations and risky behaviors.
“This is a strategic next-step in our long-standing partnership with Solera and creates tremendous global market opportunities for both companies. New and existing customers will have access to innovative solutions that improve road safety and protect their employees,” said Ed Dubens, founder and Chief Executive Officer of eDriving.