M&A Deal Summary

Clearent Acquires Davisware - Wintac Brand

On September 22, 2020, Clearent acquired software company Davisware - Wintac Brand from Davisware

Acquisition Highlights
  • This is Clearent’s 4th transaction in the Software sector.
  • This is Clearent’s 4th transaction in the United States.
  • This is Clearent’s 1st transaction in Illinois.

M&A Deal Summary

Date 2020-09-22
Target Davisware - Wintac Brand
Sector Software
Buyer(s) Clearent
Sellers(s) Davisware
Deal Type Divestiture

Target

Davisware - Wintac Brand

West Dundee, Illinois, United States
Davisware, Inc. - Wintac Brand is a field service management software solution primarily targeting an emerging market, residential contractors.

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Buyer(S) 1

Buyer

Clearent

Creve Coeur, Missouri, United States

Category Company
Founded 2005
Sector Information Technology
DESCRIPTION

Clearent is a provider of full-service, payment solutions that leverages its proprietary payments platform to make doing business easier and more profitable for its sales partners. Clearent was founded in 2005 and is based in Creve Coeur, Missouri.


DEAL STATS #
Overall 4 of 4
Sector: Software M&A 4 of 4
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-19 Compassmax

Falmouth, Maine, United States

Compassmax is a provider of software design, installation and technical support for the dry-cleaning industry. Compassmax specializes in creating innovative and customized software solutions for its customers, allowing them to focus on maximizing profitability and efficiency in their businesses. Compassmax was founded in 1986 and is based in Falmouth, Maine.

Buy -

Seller(S) 1

SELLER

Davisware

Woodstock, Illinois, United States

Category Company
Founded 1988
Sector Software
DESCRIPTION

Davisware is a provider of ERP software for field services businesses, contractors and OEMs across a variety of end markets including food equipment service, petroleum contracting, commercial HVAC, and other specialty trades. Davisware was founded in 1988 and is based in Woodstock, Illinois.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1