Cleardata

Acquirer: SPS

Cleardata, a document management specialist, has been acquired by SPS, a leading technology-driven business transformation company. Summary of transaction details: Value: Not Disclosed Sector: Business Services Advisor: KBS Corporate Finance Key Entities: Cleardata, SPS Location: UK Note: This acquisition strengthens SPS’s information management and business process service proposition, enhancing its ability to design, manage and optimise end-to-end information-driven workflows, and reflects its continued confidence in the UK market.

Acquirer: SPS

SPS, a global leader in technology-driven business transformation, has completed the acquisition of Cleardata, a UK-based specialist in document management and processing services. This strategic move aims to bolster SPS's information management capabilities and expand its service offerings.Summary of transaction details:Value: UndisclosedSector: Business ServicesAdvisor: KBS Corporate FinanceKey Entities: Target: Cleardata; Acquirer: SPSLocation: Cleardata (Blyth, Northumberland, UK); SPS (Zurich-headquartered, global operations)Note: This acquisition strengthens SPS's market position in information management by integrating Cleardata's expertise in digitisation, mailroom, and AI-driven document processing technologies. For Cleardata, joining SPS provides a platform for continued success, leveraging SPS's scale and investment capacity.