ClearCourse Partnership (ClearCourse), a group of technology companies providing useful, integrated software solutions, is to acquire TISSL, a supplier of point of sale (POS) solutions to the hospitality industry.
The acquisition strengthens ClearCourse’s offering in these sectors and provides further opportunity for integration of its ClearAccept platform. TISSL will join the Group’s Retail division. Following the deal, TISSL’s Founder Kevin Coetzee will step away from the leadership of the business to retire. He passes the role of Managing Director to Sam Peterson, formerly Finance Director of TISSL.
Founded in 2003, TISSL provides point of sale solutions to restaurants, cafes and hotels across the hospitality sector, providing them with a broad range of software they need to manage orders, bookings and stock inventories. The Company supplies to roughly a third of the UK’s Michelin starred restaurants and has a wider customer base in Hong Kong, Canada, the US, UAE and most recently Saudi Arabia. Impressive brands such as The Fat Duck and Gordon Ramsey Group are among TISSL’s UK customers using a range of its services including its innovative new cloud-based HORIZON solution.
In joining the ClearCourse Group, TISSL will create further opportunities for sharing knowledge and expertise with other brands operating in the retail and hospitality sectors, such as The EPOS Bureau and Emperium POS. In addition, the acquisition provides the opportunity for further strategic synergies with other ClearCourse Group companies such as Giftpro, which sit within the Group’s hospitality offering. The Company will also benefit from the integration of ClearAccept, ClearCourse’s payments platform, accelerating the introduction of its TISSL-Pay payments platform to its product portfolio.
Gerry Gualtieri, CEO of ClearCourse, says: “We are very pleased to share the news of our acquisition of TISSL and I’d like to take this opportunity to thank Kevin for his leadership of the business since it was founded and wish him well in his retirement. It is a great business with exciting products and a whole host of very impressive clients. Sam and her team will bring fantastic expertise and experience to the ClearCourse family. The deal aids our expansion in the retail and hospitality sectors, and we are excited to work with the team to leverage synergies across our brands to keep delivering for the Group’s customers.”
Sam Peterson, Managing Director of TISSL, says: “Joining ClearCourse is a very exciting next step for our business. We have always sought to work alongside and in partnership with others to provide the best products for our customers. We’re delighted to be able to share knowledge and expertise with so many fantastic businesses as part of the ClearCourse Group as we expand our business through development of our HORIZON solution and TISSL-Pay platform.”
The financial terms of the deal have not been disclosed.
