Dealership expertise firm DealerSocket will probably be acquired by Solera Holdings Inc., which makes a speciality of information and software program for the insurance coverage and automotive industries, Solera stated Monday.

Phrases of the deal weren’t disclosed, although Solera said in a news release that the acquisition is anticipated to shut within the second quarter pending regulatory approval.

It was not instantly clear Monday what the acquisition will imply for DealerSocket, of Irving, Texas, which gives auto retailers with dealership administration techniques, buyer relationship administration platforms and different software program.

DealerSocket representatives referred requests for remark to Solera, which declined to remark Monday past the information launch. The businesses declined to make executives out there for an interview.

“The mixture of DealerSocket with Solera permits us to supply dealerships a totally unified platform to simplify workflows and allows us to develop into the digital spine throughout all areas of a related dealership, simplifying and bettering the retail expertise,” DealerSocket CEO Sejal Pietrzak stated in an announcement.

Solera, of Westlake, Texas, additionally plans to accumulate Omnitracs, which gives fleet administration software program.

“Solera is the driving pressure behind the speedy digitization of the automobile life cycle, delivering clever, data-driven, mission-critical options for our clients,” Solera CEO Darko Dejanovic stated within the assertion. “These extremely strategic acquisitions will allow us to increase into adjoining verticals and capitalize on rising tendencies in our trade. Solera’s distinctive place in a big and rising market permits us to remodel the trade via innovation, proprietary information belongings, unmatched scale and deep buyer relationships.”

All three firms are portfolio firms of personal fairness agency Vista Fairness Companions. Vista bought a stake in DealerSocket in 2014. In keeping with Vista’s web site, a Vista fund accomplished a buyout of Omnitracs from Qualcomm Inc. in 2013, whereas a separate Vista fund took Solera non-public in 2016.

It was not instantly clear Monday what DealerSocket’s possession construction can be going ahead. The businesses didn’t instantly say whether or not DealerSocket would retain its title, whether or not it might be a subsidiary or a division of Solera, or what Pietrzak’s function will probably be beneath the mixed firm.

Pietrzak was named to Automotive News‘ list of 100 Leading Women within the North American Auto Business in 2020.

Final 12 months, DealerSocket acquired franchised DMS provider Auto/Mate for an undisclosed value, although court docket paperwork estimated the deal at near $200 million. The mixed firms have greater than 9,000 dealership clients. Pietrzak has instructed Automotive Information that DealerSocket goals to supply dealerships “a one-stop store” for expertise merchandise.

Solera stated Kirkland & Ellis is advising the corporate on the transaction, whereas Ropes & Grey is working as authorized counsel on the deal for DealerSocket, and Greenberg Traurig is doing so for Omnitracs.