July 19, 2018Blog Posts

Clearent acquires Compassmax, will combine Compassmax with SPOT

The Green Sheet

Clearent Software Holdings, a wholly owned subsidiary of St. Louis-based payments solutions provider Clearent, announced it has completed the purchase of Falmouth, Maine-based Compassmax, developer of comprehensive dry-cleaning point-of-sale software. The deal marks Clearent’s second acquisition in the dry-cleaning space, following the company’s purchase of Draper, Utah-based SPOT Business Systems earlier this year.

Founded in 1986, Compassmax provides software design, installation and technical support for the dry-cleaning industry. The company specializes in creating innovative and customized software solutions for its customers, allowing them to focus on maximizing profitability and efficiency in their businesses.

“With Compassmax, we saw an opportunity to bring together two software leaders in the dry-cleaning industry,” said Dan Geraty, CEO of Clearent. “Compassmax and SPOT have the knowledge, experience and technical expertise to ensure customer needs are exceeded in the complex and competitive world of dry cleaning. We couldn’t ask for a better fit.”

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