US tech group acquires Solihull software firm
A Solihull SaaS business has been acquired by a US tech firm, as it looks to expand its offering and geographical reach.
Clarity Software, a management information system provider focusing on the sign and graphics industry, joins the Inktavo group, which provides software solutions for branded merchandise businesses.
The acquisition of Clarity is set to further enhance Inktavo’s product offerings and expand its geographical reach with Customer Relationship Management (CRM), Configure Price Quote (CPQ), Management Information Systems (MIS) and Enterprise Resource Management (ERP) solutions.
James Armijo, CEO of Inktavo said: “Inktavo’s mission is to create a family of solutions for branded merchandise businesses to organise and grow. Our acquisition of Clarity Software expands the geographics we can serve and positions Inktavo to provide even more flexible and comprehensive software solutions that enable signage shop businesses to grow seamlessly using a single application.”
Richard Gamlin, CEO of Clarity Software said: “Clarity Software sought to scale and expand geographically, particularly in the U.S. and non-English speaking markets. Our customers will ultimately benefit from the expansion of flexible software functionality to help them grow using one application.”
Clairfield advised Clarity Software to prepare the business for a sale and find a buyer that provides a strategic fit and accelerates its growth opportunities. The Clairfield team was led by Partner, Shah Zaki and associate director, Nick Wall with transaction support provided by executive, Adam Grenfell.
Shah Zaki said: “This transaction continues to build on Clairfield’s leading market reputation within the technology sector and our ability to complete cross-border transactions, achieving the best results for clients. We are delighted to have found a strategic buyer who will accelerate Clarity’s growth.”
Legal advice to the shareholders of Clarity Software was provided by Freeths, led by Partner Lee Clifford and managing associate Olivia Johnson.
