Acquisition

Clarity Commerce Solutions PLC 14 August 2002 Clarity Commerce Solutions plc Acquisition Clarity Commerce Solutions plc ('Clarity') announces that on 14th August it acquired certain assets from Accronym Holdings, including the IPR to Vision Software, from the administrator of Quadranet plc for a consideration of £150,000, satisfied in cash. Vision software is a sales prospecting and comprehensive membership management and reporting package specifically designed for the private sector health and fitness club market. Vision is a client server application for multi site groups, which has a small footprint and low bandwidth requirement, providing considerable savings on communication costs. It is highly configurable, easy to deploy, upgrade and maintain Graham York, Clarity Group Chief Executive commenting on the acquisition: ' We have acquired Vision software in order to build on our already established presence in the local authority health and fitness sector. We believe there are major market opportunities in bringing the product attributes into Clarity's existing product range'. Funding to support the transaction was provided by Bank of Scotland Corporate Banking in Birmingham. For further information contact: Graham York: Group Chief Executive: Tel: 01722 746200 Peter Walker: Business Development Director: Tel: 01442 827040 This information is provided by RNS The company news service from the London Stock Exchange CQDGGMRZDVGZZM
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