![]() Louis Business Journal's list of fastest-growing private companies. Louis Post-Dispatch Top Workplaces award and the St. 5000 list of fastest-growing companies, The Nilson Report's list of top U.S. Louis, Missouri, the company has consistently been named to several prestigious lists year after year, including the Inc. From traditional point-of-sale terminals, mobile solutions and tablet-based systems to a custom-built virtual terminal, e-commerce plug-ins and hosted payments, Clearent helps small business owners securely accept payments just about anywhere. About ClearentĬlearent is a full-service, payments solution provider with more than 400 employees, 45,000 merchants and $16 billion in processing volume. ![]() The company is seeking additional acquisitions for its current vertical markets (field services and dry cleaning) as well as acquisitions in new vertical markets.Ĭlearent is committed to leveraging its technology expertise and payment-processing leadership and best practices to create synergies and invest in technology and development for acquired companies while allowing them to preserve their corporate culture by allowing them to run as stand-alone businesses as subsidiaries in the Clearent Software Holdings family of companies. In addition, Compassmax developers will shift their focus to maximizing the SPOT platform and developing continued innovations and enhancements to the software.Ĭlearent, which recently was acquired by global private-equity investor Advent International and merged with field-services software company FieldEdge, remains focused on growth through acquisition in the personal-service software-as-a-service (SaaS) space. Both SPOT and Compassmax employees will assist in the transition to the SPOT platform, including the areas of installation and other customer-support activities. Compassmax's Falmouth, Maine, offices will remain open, and Clearent has committed to retaining all Compassmax employees. The combined company will operate as SPOT, with headquarters in Draper, Utah. The Compassmax platform will stay in place, with a full host of technical support and maintenance services throughout the transition process. Dedicated teams will work with each customer to ensure a smooth transition process. 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, as well as increased customer-service hours to respond to customer inquiries. "At Clearent, we are committed to ensuring a smooth transition to the newly combined SPOT for customers and employees alike." "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," said Geraty. 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 plans to combine the companies' operations over time, focusing all software development and innovation on the SPOT platform. We couldn't ask for a better fit."Ĭompassmax joins SPOT Business Systems as a company under Clearent Software Holdings. ![]() ![]() "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. "With Compassmax, we saw an opportunity to bring together two software leaders in the dry-cleaning industry," said Dan Geraty, CEO of Clearent. The company specializes in creating innovative and customized software solutions for its customers, allowing them to focus on maximizing profitability and efficiency in their businesses. The deal marks Clearent's second acquisition in the dry-cleaning space, following the company's purchase of Draper, Utah-based SPOT Business Systems earlier this year.įounded in 1986, Compassmax provides software design, installation and technical support for the dry-cleaning industry. Louis-based payments solutions provider Clearent, announced it has completed the purchase of Falmouth, Maine-based Compassmax, developer of comprehensive dry-cleaning point-of-sale software. Acquisition brings together top independent software vendors in the dry-cleaning industryĬlayton, MO -Clearent Software Holdings, a wholly owned subsidiary of St. ![]()
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