Newspaper article St Louis Post-Dispatch (MO)

St. Louis Credit Card Processor Clearent Buys Another Dry Cleaning Software Firm

Newspaper article St Louis Post-Dispatch (MO)

St. Louis Credit Card Processor Clearent Buys Another Dry Cleaning Software Firm

Article excerpt

Clearent, the St. Louis-based processor of credit card purchases, has acquired Compassmax, a developer of software for the dry cleaning industry.

Terms of the deal were not disclosed. Compassmax, based in Falmouth, Maine, is the second dry cleaning-related acquisition Clearent has made following its purchase of SPOT Business Systems earlier this year.

Clearent founder and CEO Dan Geraty said he saw the opportunity to bring together the two companies, which will allow them to "leverage combined thinking, capabilities and development spending as a combined company, rather than duplicate efforts as competitors."

Both acquired companies will operate under Clearent's Software Holdings unit and will be integrated into each other over time under the SPOT name. The combined company will be based in Utah, where SPOT is located, while Compassmax's office in the northeast will remain open. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.