Acquisition

Clarity Commerce Solutions PLC 16 September 2003 CLARITY COMMERCE SOLUTIONS PLC Acquisition of the Cyntergy helpdesk and implementation & training business. Clarity Commerce Solutions plc announces that they have today acquired the assets of two divisions of TFMCyntergy Ltd., at a cost of £500,000, financed by Bank of Scotland funding. This acquisition brings to the Clarity Group a range of contracts in the retail and hospitality marketplaces. Cyntergy has a 36 strong helpdesk, providing 24 hour a day multi-lingual support as well as a substantial training and implementation resource. This service company, with turnover running at over £1,500,000 per annum, will allow for the extension of the helpdesk and training services provided by other divisions within the group. The rationale for this acquisition is to provide a greater depth of service offering to Clarity customers, thereby supporting future product roll out. In addition, the group intends to use this centralised support centre to enhance the value of future acquisitions and new products. Commenting on this acquisition, Graham York, Clarity's CEO said, 'This is a strategic acquisition for Clarity which will provide a platform for growth as well as further sales opportunities.' For further information on this transaction, please contact Richard Arnold at Clarity Commerce on 01722 746200 END This information is provided by RNS The company news service from the London Stock Exchange LFVKGFZM
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