|[September 27, 2012]
Safety Holdings, Inc. Acquires American Driving Records, Inc.
ALBUQUERQUE, N.M. --(Business Wire)--
Safety Holdings, Inc., a wholly-owned subsidiary of SAMBASafety Holdings
LLC, announced today the acquisition of American Driving Records, Inc.
(ADR), a subsidiary of CoreLogic (NYSE: CLGX). The acquisition closed on
August 31, 2012.
Safety Holdings' acquisition of American Driving Records expands its
ability to provide cost-effective national driver record access, merges
two strong client bases (SAMBASafety and ADR), and provides a broader
suite of risk management offerings. SAMBASafety and ADR will continue
operations as subsidiaries of the holding company.
SAMBASafety is a leader in SaaS (News - Alert)-based driver risk management services
and solutions that proactively mitigate the costly ramifications of
employer negligence and liability claims. ADR has provided critical
motor vehicle record data and services to insurance carriers and gents,
employers, and pre-employment companies in 50 states, the US Virgin
Islands, Puerto Rico and Canada.
"This acquisition not only accelerates Safety Holdings' strategy to
extend our solutions to a national market, it enhances our efforts to
assist customers in reducing vehicle accidents and the human and
financial costs that result from them," said Richard Crawford, CEO of
Safety Holdings. "The respective patented technologies and strong
expertise of each company is expected to drive the creation of
next-generation driver and risk management solutions. In addition, this
transaction allows us to deliver innovative information solutions to the
About Safety Holdings, Inc.
Safety Holdings, Inc. is a national provider of motor vehicle records,
driver risk management services and vehicle registration services.
Insurance carriers, employers, fleet management companies, and
government agencies utilize the suite of services offered by group
companies SAMBASafety and American Driving Records to proactively manage
driver risk, improve safety, and lower costs. For more information on
SAMBASafety, go to www.sambasafety.com,
or ADR at www.mvrs.com.
[ Back To TMCnet.com's Homepage ]