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August 2006
Madison Park Group is pleased to announce its latest transaction – a Series C preferred
equity funding round for Clear Technology, the leading provider of business process
management (BPM) solutions to the insurance, financial services and healthcare sectors.
Boulder-based Clear Technology's software helps companies transform people-intensive,
high-cost, inflexible operations into highly flexible automated processes that deliver
services at the lowest possible cost with zero defects. Clear Technology's software has
delivered breakthrough improvements in workforce process productivity, quality and
management control at major clients such as Farmers Insurance, Humana, Norwich
Union and Visa International. Clear Technology's shareholders include Cornerstone
Ventures and Sycamore Ventures.
Madison Park Group acted as exclusive financial advisor to Clear Technology in the
transaction. Our role included advising the company on exploring various funding
options, running a competitive private placement process, negotiating term sheets and
facilitating the closing of the transaction.
Madison Park Group is an investment banking firm focused on advising technology and
business services companies on pursuing M&A and private equity transactions. Madison
Park Group's principals have extensive transaction and operating experience in the
technology market and have executed over $30 billion in financing and M&A
transactions. |
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