Solera

Solera lays off staff via Teams, video goes viral on TikTok

Vehicle life cycle management software provider Solera Holdings Inc. is going viral for all the wrong reasons.

Solera conducted a round of layoffs via Teams on Monday. Unbeknownst to company officials, the cutback announcement was filmed by one of its employees and later posted on TikTok.

@liz_queenvirgo

Solera let us go on teams and didnt mute us. I posted and deleted because i felt bad, but these people didnt feel bad for us so fk it, whatever happens HAPPENS. I am in need of a JOB,...

https://www.freightwaves.com/news/solera-lays-off-staff-via-zoom-video-goes-viral-on-tiktok

White Paper: What are your fleet’s biggest challenges?

In recent years, fleets and drivers have been challenged with increasingly difficult obstacles, including but not limited to: driver shortages; out-of-control verdicts; rising crash rates; and unpredictable fuel prices.

Fill out the form below to learn more about how this comprehensive, and insightful guide can prepare you to handle today’s trucking challenges.

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https://www.freightwaves.com/news/white-paper-what-are-your-fleets-biggest-challenges

White Paper: The Unacceptable Increase in Truck-Involved Crashes and Fatalities

Commercial fleets have not escaped the alarming increase in vehicle collisions and fatalities over the last couple of years. We reached out to Safety Advisor Don Osterberg to gain insights on the factors contributing to these disappointing developments in road safety, as well as to ask what fleets can do to protect their drivers, their businesses, and the motorists who share the roads with them.

You may be surprised by what he has to say in this Q&A. Osterberg shares his views on how...

https://www.freightwaves.com/news/white-paper-the-unacceptable-increase-in-truck-involved-crashes-and-fatalities

Omnitracs’ layoffs and product concerns are nothing new, source says

Tensions are still high among employees and executives at risk and asset management solutions provider Solera and its newly acquired companies Omnitracs and DealerSocket.

After approximately 30% of employees at Omnitracs, a fleet telematics company, and DealerSocket, an automotive SaaS provider, were laid off or given notice they would be laid off on Oct. 22, remaining employees and executives face an uncertain future.

According to a former Omnitracs human resources employee, this uneasy working...

https://www.freightwaves.com/news/omnitracs-layoffs-and-product-concerns-are-nothing-new-source-says

Exclusive: Massive layoffs hit Omnitracs and DealerSocket

A significant number of employees at logistics telematics company Omnitracs and SaaS provider DealerSocket were laid off this week, two months after both companies were acquired by Solera Holdings Inc. Many other employees received 90-day notices in a massive restructuring plan by Solera, a major player in risk and asset management data and software.

A project manager at DealerSocket said more than 200 people are being laid off from his company, and that potentially up to 35% of all staff from...

https://www.freightwaves.com/news/exclusive-massive-layoffs-hit-omnitracs-and-dealersocket

Omnitracs technology targets distracted driving

Distracted driving leads to 10% increase in fatalities in 2019

Fleet intelligence and telematics provider Omnitracs announced Thursday the release of SmartSense for Inattentive Driving+, which identifies distracted driving and aims to reduce accidents.

The next generation of the company’s SmartSense technology uses cab-facing cameras and a sensor to engage AI and computer vision to detect drivers who may be drowsy or using their cellphones. The system monitors changes in head position and blinking to alert drivers when they are distracted or nodding off.

“Ina...

https://www.freightwaves.com/news/omnitracs-technology-targets-distracted-driving

Solera to acquire Omnitracs and DealerSocket

Solera Holdings Inc., an automotive and insurance software company, has announced it has reached an agreement to acquire Omnitracs, a leader in transportation and logistics telematics,  and DealerSocket Inc., an enterprise relationship management tool designed for the automotive industry. Financial terms of the agreement were not disclosed.

The acquisition would create an integrated platform leveraged by aggregated data that could handle all touch points of a vehicle’s life cycle.

“Solera is the...

https://s29755.pcdn.co/news/solera-to-acquire-omnitracs-and-dealersocket

Vista’s SPAC exit of Omnitracs on ice

What a difference a few days make.

Earlier this month, Vista Equity Partners was in talks to combine its auto technology trio — Omnitracs, Solera Holdings Inc. and DealerSocket — to go public under blank-check firm Apollo Strategic Growth Capital (NYSE:APSG). 

Bloomberg reported on Thursday, however, that the potential $15 billion transaction has been halted, according to people familiar with the matter, and it is unclear if talks will continue. 

Reports are attributing this to the recent decline...

https://s29755.pcdn.co/news/vistas-spac-exit-of-omnitracs-on-ice

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