M&A
confidence high
sentiment neutral
materiality 0.50
Cleartronic acquires Alastar's assets, clients, and employees from two nonprofits
Cleartronic, Inc.
- Acquired IP, trademarks, software platform, and client base of Alastar; retained employee group.
- Agreement signed Aug 1, 2024 and closed Aug 5, 2024; purchase price not disclosed.
- Financial impact: increase in cash offset by deferred revenue; no other liabilities assumed.
- Sellers: Advanced Technology International and South Carolina Research Authority (both nonprofits).