ClearCourse acquires two payments businesses Adelante and E-Novations
London | 06 October 2020 - ClearCourse Partnership LLP (“ClearCourse” or “the Group”), a group of innovative technology companies providing useful, integrated software solutions to businesses around the world, today announces the acquisition of two UK based payments businesses, Adelante and E-Novations. The acquisitions are ClearCourse’s 19th and 20th, marking a major milestone in its expansion and bolstering its payments capabilities.
Adelante was founded in 1998, and provides a diverse range of credit and debit card payment solutions through its ConnectPay gateway. The platform allows its clients to process payments online, over the phone or through a smartphone app, and through its bespoke recurring card payment hardware system. Reticent of the diverse needs of individual companies, Adelante does not take a one-size-fits-all approach, instead allowing its clients to choose which elements of its product suite are the best fit for them. Adelante’s clients comprise of well-known high-street retailers, local authorities, and membership organisations including Ann Summers, Scholastic and Surrey Heath Council.
Darrell Bluck, Managing Director of Adelante said: “I’m incredibly proud of what the Adelante team has achieved over the past 22 years. We have secured a position as one of the UK’s most successful payments processing businesses, facilitating nearly nine million transactions a year. We were ready to take the business to the next level and in ClearCourse we see the ideal partner to drive further growth at a rate that matches our ambitions. I’m looking forward to working closely with Gerry and the team to deliver the best possible payments solutions to our clients.”
E-Novations is a global provider of EPOS (electronic point of sale) software and hardware to the retail and hospitality sectors. Founded in 2000 and with offices in the UK, Hong Kong, India and UAE, it provides clients with digital payment collection solutions, comprising cloud-based dashboards and automated processing that integrate seamlessly with its proprietary payment terminals. It also offers 24/7 consultancy services and support to its global customer base which includes the NHS, Rugby Haven, CostCutter, and Moorfields Eye Hospital.
Manoj Jethwa, Founder and CEO of E-Novations commented: “ClearCourse is an innovative company that has emerged as a leader in the payments and technology sector in the UK. As we planned our expansion, we realised that growth would require opportunities to globally scale our business. ClearCourse has a large portfolio of complementary businesses through which we can realise numerous operational synergies. Working together, we are certain that E-Novations and ClearCourse can make an impact on the payments processing sector.”
The two companies join a rapidly growing family of complementary businesses that have payments functions at their core. ClearCourse has already demonstrated the ability to integrate its Group companies technology to create synergies and realise operational efficiencies, including integrating direct debit functionalities into its CRM systems.
Gerry Gualtieri, CEO of ClearCourse, commented: “Both these new acquisitions represent an exciting point in our journey. Now comprised of 20 companies, we have built one of the largest groups of technology companies in the UK, serving hundreds of thousands of end users around the world. Adelante and E-Novations will become an important part of our evolving payments solutions, enabling us to integrated workflow and payments capabilities to our clients and delivering both operational and cost benefits.”
The financial terms of the deals are undisclosed.