Clairfield advise on the sale of Clarity Software to US headquartered Inktavo
Clairfield has advised Clarity Software, a high growth SaaS business, on its sale to US headquartered Inktavo. Clarity Software is a Management Information System (MIS) software vendor specialising in job pricing, inventory management, and production management for the sign and graphics industry and other markets. Clarity is based in Solihull, UK and has a long-standing global client base.
Inktavo is a leading provider of integrated software solutions for branded merchandise businesses. The acquisition of Clarity will 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, shared his excitement about the acquisition: “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, expressed enthusiasm about the acquisition: “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.”
Richard Gamlin also added, “The Clairfield team were extremely supportive throughout the process and provided invaluable advice. Their understanding of the software sector was fantastic and helped achieve a great result.”
Clairfield worked closely with 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 added, “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.