DealerSocket: Updated: Massive layoffs hit Omnitracs and DealerSocket - News Break

Note: This file updated July 23 at 5:40 p.m. ET with an additional source confirming information and adding more details. 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.