Clearant Acquires Compassmax and Spot Business Systems
(July 2018) Clearant Software Holdings, a wholly owned subsidiary of payments solutions provider Clearent, based in St. Louis, has purchased Falmouth, Maine-based Compassmax, a developer of comprehensive drycleaning point-of-sale software.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.
“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.
“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.