Tony Aquila founded Solera Holdings, Inc. in January 2005 with a vision to transform the automotive insurance claims industry.
Partnering with GTCR Golder Rauner, a leading private equity firm, Solera purchased the Claims Services Group of Automatic Data Processing, Inc. for $975 million in April 2006. Under Mr. Aquila's leadership, the Company has greatly increased revenue and expanded its geographic reach. In May 2007, Solera closed its initial public offering (IPO) on the New York Stock Exchange. Six months later, the Company completed a secondary stock offering.
Mr. Aquila has more than 20 years of global experience in the manufacturing, distribution, automotive software and collision repair industries. He also has co-invented and patented several products.
Prior to establishing Solera, Mr. Aquila founded MaxMeyer America Inc. (a subsidiary of MaxMeyer Duco, SPA of Italy), an importer and distributor of European refinishing products. He sold this business in 1997 to Fortune 500 company PPG Industries. After that, he founded and served as CEO of Ensera, which developed software that streamlined the automotive collision claims workflow for insurance carriers. Ensera was sold in 2001 to Mitchell International, which appointed Mr. Aquila as its President and COO.
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