Hello everyone,

A few months ago, we announced that the parent company of iATN, Service Repair Solutions (SRS) was purchased by Welsh, Carson, Anderson and Stowe, from the previous owner, Warburg Pincus.

As it turns out, another company (Solera Holdings) was also extremely interested in buying SRS. Once the deal with Welsh Carson was signed, Solera immediately reached out and ultimately came to a deal with Welsh Carson to make a 50% investment in and manage Service Repair Solutions on a day-to-day basis.

Whereas Welsh Carson is primarily a private equity investment firm, Solera is a holding company focused on the automotive industry, with ownership of many automotive businesses across the globe. While we don't anticipate any major changes to iATN or it's core services, we are looking forward to the opportunities that are available to us now through the Solera network of automotive companies.

As ever, we are still being managed on a day-to-day basis by the same staff. Our current focus is on improving our new search engine, releasing our iOS and Android mobile apps, and continuing to improve the iATN experience and services we offer you. Thanks for your support!

If you're interested in the details, you can read Solera's press release here: http://autop.ro/621 [autop.ro]

Best regards,

Scott

Scott Brown
Administrator
iATN
Brea, California, USA