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Clear Acquires Virtual Queuing Company Whyline

Jan 04, 2022almost 4 years ago

Acquiring Company

ClearCompany

Acquired Company

Whyline

Lewistoninformation technology & servicesInformation TechnologySoftware

Description

Today, CLEAR (NYSE: YOU), the secure identity company, announced it has acquired Whyline Inc., a leading provider of virtual queuing and appointment technology, in an all-cash transaction. With everything just a click away, consumers want control and predictability now more than ever. Virtual queuing is helping meet these new demands while making everyday routines faster and easier. CLEAR will leverage their combined technologies and platforms to bring innovation into routine, but time-consuming, activities - giving people more control over their day-to-day experiences across the globe.

Company Information

Company

ClearCompany

Location

117 Main St

Lewiston, Maine, United States

About

ClearCompany delivers a unified talent management and talent acquisition platform that accelerates growth for thousands of mid-sized and emerging enterprises, empowering HR and people leaders to elevate their workforce at every stage — from standout hire to proven high performer. By uniting the entire employee lifecycle with purpose-built solutions to recruit, ramp, recognize, and retain, ClearCompany provides the clarity, orchestration, and intelligence to lead with confidence and drive exceptional business outcomes.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed