MHA Corporate Finance Team lead the tax & financial due diligence for the ClearCourse acquisition of Pursuit SoftwareSeptember 30th 2022
ClearCourse, a leading group of innovative technology brands providing software solutions and integrated payment platforms, has acquired Pursuit Software, an established provider of jewellery management and point-of-sale (POS) software. The acquisition sees the company join ClearCourse’s Retail division.
Founded in 2008 and based in Norwich, Pursuit Software provides bespoke software solutions for high-end, multi-store jewellery businesses, including London-based Fraser Hart and Edinburgh’s Hamilton & Inches. The company’s services include stock management platforms, POS integration, enterprise resource planning (ERP), and repairs and manufacturing functions — all of which help jewellery brands efficiently manage their stock and customer transactions.
Pursuit Software offers a payment function, a click-and-collect service and website development and integration. Its software connects to existing instore and online sales systems, creating interoperable stock management across platforms that are tailored to customers all over the UK and Ireland.
Following the acquisition, Pursuit Software will harness ClearCourse’s significant investment to transition into its next growth stage, offering up its back and front-office solutions to bigger businesses. New and existing customers will benefit from the company’s integration with ClearCourse’s spectrum of software businesses and proprietary payments platform, ClearAccept, which is designed to allow individual businesses to tailor their users’ payment experience while easing the burden of security and compliance.
The company’s Managing Director, Mike Burns, will continue to lead Pursuit Software on a full-time basis.
Justin Moss commented on the deal;
‘The MHA team and I are exceptionally proud to have advised on this acquisition for ClearCourse, which continues their exciting growth and development strategy. We are sure this partnership with Pursuit will flourish over the coming years and we look forward to working with ClearCourse again in the future.’
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