Versata Expands Portfolio by Purchasing Clear Technology

Versata Enterprises, Inc., a provider of enterprise software solutions, announced the acquisition of Denver-based Clear Technology, Inc., a provider of business process automation solutions for the financial services and insurance industries.

Versata, based in Austin, Tex., will operate Clear as a stand-alone entity within its financial services business unit. Clear joins Versata's growing list of enterprise software companies, including Versata Software, Inc.; Versata, Inc.; Artemis International Solutions Corporation; Nextance Corporation; and Gensym Corporation. Versata will roll out its customer success program to Clear customers, thereby emphasizing Versata's focus on aligning investments with customer priorities.

"Joining Versata will enable Clear to leverage the resources of a larger global company similarly focused on delivering business value to customers through robust, agile applications," says Brian S. Cohen, Clear's CEO. "We expect the acquisition to enable Clear to provide our customers with a broader set of product and services offerings as well as continue to focus on the significant business benefits of Clear's technology and solutions."

Versata will combine Clear's operations with headquarter operations in Austin. Additionally, over the next few weeks, Versata executives expect to meet with Clear's customers to emphasize Versata's commitment to continuity, describe the benefits of the customer success program, and formulate a plan to ensure continued mutual success.