Mon, 14 Oct 2024 | BUSINESS SALE
Devon-based Gob2b, a specialist B2B eCommerce website platform, has been bought by private equity backed software and payments firm ClearCourse.
Operating out of Kingsbridge in South Devon, Gob2b helps provide clients in the food & drink, health & safety and manufacturing sectors in the UK and Ireland, with personalised e-commerce websites to drive sales.
Its software enables its customers, including tyre specialist Yokohama and consumer products group Viatek, to integrate features on their own eCommerce platforms such as live search and navigation, pricing and stock updates, accounting systems and complex shipping management options.
According to its most recent filing to Companies House for the year to March 31, 2024, the firm, with 18 employees, has net assets of £102,153.
ClearCourse, founded in 2018 and based in London, provides software and payments services to over 20,000 SMEs in the UK including start-ups, national retailers and charities. It is backed by New York and London based private equity firm Aquiline Capital Partners.
“Gob2b’s renowned reputation for providing eCommerce platforms and software that help their customers increase revenue while reducing complexity, aligns seamlessly with our values and vision,” said ClearCourse CEO Christina Hamilton. “Together, we will leverage our combined expertise to drive growth and provide our customers with tools and solutions, meeting the evolving demands of B2B businesses.” The terms of the deal were not disclosed.
Paul Dorey, CEO at GoB2b, added: “For over 20 years we have delivered high quality, scalable, and reliable software, alongside 24/7 customer care. This is something that ClearCourse will be able to build upon providing an expanded integrated offering for our customers. Choosing ClearCourse was the smartest move for us to reach our ambitious goals, and we can’t wait to get started.”
Acquisitions play a key part in ClearCourse’s strategy with the firm having its own dedicated M&A team. Deals it has already made this year include Nottingham-based electronic-point-of-sale CSY Retail Systems and sports club and class scheduling software-as-a-service firm ThinkSmart Software.
Find out more about how a 'Buy and Build' M&A strategy can lead to rapid growth
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