Monday, June 25, 2007

ClearOrbit Acquired By TAKE Solutions

Austin, Texas-based ClearOrbit, a provider of supply chain software and reverse logistics, has been acquired by TAKE Solutions. TAKE Solutions, Inc. said Monday that it will acquire ClearOrbit, which will become a division of the firm. TAKE is a provider of software and services for the life sciences and supply chain management market. Financial terms of the deal were not disclosed. John Reece, President and CEO of ClearOrbit, will head up the new division.