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
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