Clarity looks a bit Better

JON Moulton’s investment vehicle has won the battle to buy software firm Clarity Commerce after winning backing from 62 per cent of shareholders.

Yesterday Enigmatic Investments declared the £10.36m bid unconditional, only weeks after Clarity’s board rejected the improved offer as “undervalued”.

Enigmatic, which is controlled by Moulton’s Better Capital, remains well short of the 90 per cent supported needed for the share purchase to become compulsory and yesterday urged those holding out against the bid to accept and sell out.

Clarity provides software solutions to the entertainment, retail and hospitality industry and Moulton is expected to join the firm with DigiPos Store Solutions, an electronic point of sale systems firm, which is owned by Better Capital group. Last night Clarity declined to comment.