Tuesday, May 6, 2008

Versata Enterprises Acquires Financial Software Company

Austin-based Versata Enterprises said Monday that it has acquired Clear Technology, a Denver-based provider of business process automation software for the financial services and insurance industry. Financial details of the acquisition were not released. Versata said that Clear will operates as a stand-alone unit of its Financial Services Business. Versata also said that Clear's operations will be combined with its headquarter operations in Austin.