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ARA Statement on Solera Holdings Acquisition of Actual Systems

For Immediate Release:            For More Information Contact:
June 1, 2012                                                   Caryn Smith
Manassas, Virginia                         (571) 208-0428 (Phone)
                                                    (571) 208-0430 (Fax)

ARA Statement on Solera Holdings Acquisition of Actual Systems

Manassas, VA – Earlier this week, Solera Holdings, a global provider of software and services to the automotive industry, acquired Actual Systems, a leading parts inventory management system sold under the "Pinnacle" trade name.  From its origins under the direction of a number of progressive business owners who started the United Recyclers Group (URG) to the eventual partnering with Actual Systems, the Pinnacle software has been cultivated under the principle of the best dynamic inventory management system for automotive recyclers by automotive recyclers.
 

Over the past 20 years, the landscape of the automotive recycling industry has changed dramatically. Computers and software are now essential to automotive recyclers’ inventory data management, sales and operations.  Now, more than ever, professional automotive recyclers depend on dynamic inventory management systems as key instruments in achieving business success.

ARA's commitment to members' access to forward-looking products and services is a fundamental belief of the organization.  With this in mind, ARA will continue to advocate that Solera Holdings and other inventory management companies maintain the utmost commitment to steadily advancing and servicing the most highly developed inventory management systems.

ARA's relationship with Solera Holdings' Hollander is solid and the two organizations continue to identify additional areas of cooperation to help professional automotive recyclers prosper.  ARA views Solera's most recent acquisition as a potential catalyst for further collaboration on issues of crucial importance to members of the ARA.

ARA is committed to providing increased value and enhanced revenue generating opportunities for our members.  Through initiatives such as our Gold Seal and Green Recycled Parts® programs, ARA seeks to collaborate with like minded entities to grow the professional automotive recycling industry here in the United States and around the globe.

Since 1943 the Automotive Recyclers Association (ARA) has represented an industry dedicated to the efficient removal and reuse of green automotive parts, and the proper recycling of inoperable motor vehicles.  ARA represents the interests of over 4,500 auto recycling facilities in the United States and 14 other countries around the world.  With programs such as the Certified Automotive Recycler Program (CAR) and other partnerships, ARA members continue to provide consumers with quality, low-cost alternatives for vehicle replacement parts while preserving our environment for a greener tomorrow.

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