Clearent Acquires Compassmax

Staff Writer |

Plans to combine it with recent purchase of SPOT Business Systems

ST. LOUIS — Clearent Software Holdings, a wholly owned subsidiary of payments solutions provider Clearent, based here, announces it has purchased Falmouth, Maine-based Compassmax, a developer of comprehensive drycleaning point-of-sale software, the firm reports.

The deal marks the company’s second acquisition in the drycleaning space, following the company’s purchase of Draper, Utah-based SPOT Business Systems earlier this year, it further notes.

“With Compassmax, we saw an opportunity to bring together two software leaders in the drycleaning industry,” says Dan Geraty, CEO of Clearent.

Compassmax joins SPOT Business Systems as a company under Clearent Software Holdings. Clearent plans to combine the companies’ operations over time, focusing all software development and innovation on the SPOT platform, the company writes.

“Compassmax and SPOT have the knowledge, experience and technical expertise to ensure customer needs are exceeded in the complex and competitive world of dry cleaning,” notes Geraty. “We couldn’t ask for a better fit.”

The combined company, which will retain the SPOT name, will continue to fully support the Compassmax software solution with ongoing service, maintenance and technical support as customers are transitioned to the SPOT platform, Clearent indicates.

Preliminary transition plans for customers include the creation of software demonstrations and education sessions for current Compassmax customers to learn about SPOT software features and services, the firm relates, as well as increased customer-service hours to respond to customer inquiries.

“Merging these companies will allow SPOT and Compassmax to leverage combined thinking, capabilities and development spending as a combined company, rather than duplicate efforts as competitors,” says Geraty.

“At Clearent,” Geraty adds, “we are committed to ensuring a smooth transition to the newly combined SPOT for customers and employees alike.”

The payments solutions provider is committed to leveraging its technology expertise and payment-processing leadership and best practices, it notes, to create synergies and invest in technology and development for acquired companies.


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