WESTLAKE, Texas -

DMEautomotive is being purchased by Solera Holdings. An agreement was announced Wednesday morning for Solera to buy the Florida-based company that provides risk and asset management software and services to the automotive and property marketplace.

“Combining DMEa’s proprietary technologies with Solera’s existing portfolio will enable Solera’s customers to increase customer retention and drive loyalty through tailored and frequent digital contact across the entire automotive ownership lifecycle,” Solera said in a news release.

Solera’s existing investments in service, maintenance and repair firms include companies like Identifix, AutoPoint and Service Dynamics. The company expects its DMEa acquisition will close in the fourth quarter of its fiscal year ending June 30.

“The acquisition of DMEa is very exciting for us as it will further enrich our understanding of our customers’ customers on a personalized and household level,” said Tony Aquila, Solera’s founder, chairman and chief executive officer.

“When combined with Solera’s vertical software solutions (SaaS) across the entire automotive lifecycle, this data will create powerful digital content to enhance the ownership experience and strengthen the relationship and transparency between our customers and their customers, resulting in a smoother ride through the ownership lifecycle via technology accessed on any device,” Aquila added.