Vista Equity Partners has been wooing Solera Holdings Inc (NYSE:SLH) for a buyout, and the dream is about to turn into reality.

 Sources aware of the dealings have disclosed that the two finally entered an agreement on Sunday, thus confirming the acquisition that to put into perspective is worth $6.5 billion. According to the terms of the deal, the buyout will include the net debt that Solera Holdings has accumulated so far. Vista will also assume all of Solera’s outstanding shares at $55.85 per share in cash. The current agreed share price represents a premium of 53% compared to Solera’s closing price of $36.39 on August 3.

According to Solera’s Chief Executive and Co-founder Tony Aquila, the deal will generate immediate attractive value for the firm’s shareholders. It will also be a significant foundation for both Solera and Vista to build on. The deal comes just one month after Solera’s special committee launched to seek strategic alternatives for the company’s future.

Vista is a private equity firm that is based in the United States. The organization is popular for its headstrong management practices. It carries out most of its investments in data and software firms. Vista has successfully made some strategic and successful acquisitionover the years. One of its significant acquisitions is Automated Insights, which generates financial information articles pertaining different companies. In November 2014, Vista announced plans to acquire a British business and healthcare software manufacturer called Advanced Computer Software Group. The estimated value of the acquisition is about $1.14 billion.

Solera, on the other hand, is a software provider for the automobile-claims-processing industry. It is therefore expected to blend in perfectly as part of Vista. Goldman Sachs Group Inc (NYSE:GS) and Koch Equity Development are some of the firms have close ties to the acquisition.

Solera Holdings Inc (NYSE:SLH) announced on Sunday that the board of directors had unanimously approved the proposed merger. The acquisition is expected to close in the first quarter of 2016.