Norwich-based management software provider Pursuit Software has been acquired by ClearCourse for an undisclosed sum.
Pursuit Software is a leading provider of jewellery management software solutions for high-end, multi-store jewellery businesses, including London-based Fraser Hart and Edinburgh’s Hamilton & Inches.
The company’s services include stock management platforms, POS integration, enterprise resource planning (ERP), and repairs and manufacturing functions.
Founded in 2008 Pursuit Software’s technology offer a payment function, a click-and-collect service and website development and integration.
Pursuit Software is the first jewellery software business that ClearCourse has acquired, broadening its overall customer base to over 20,000.
Gerry Gualtieri, CEO of ClearCourse, said: “We are very pleased that Pursuit Software will be joining ClearCourse at what continues to be a challenging and crucial time for the UK high street and its independent brands.
“As we welcome another great team and thriving customer base, we look forward to an expansion with two exciting elements: investing further in the vibrant East of England, an area with serious potential, and the opportunity to penetrate the jewellery management software sector: an industry with a projected value of £3.3bn.”
The company’s MD Mike Burns will continue to lead Pursuit Software on a full-time basis.
He said: “Working with ClearCourse, our team looks forward to building out a new league of specialised providers in the retail software mid-market, with ambitions to grow as a company that top-tier businesses can trust.”
Founded in 2018, ClearCourse is a group of innovative technology companies investing in market-leading and industry-specific software businesses which serve small and medium enterprises across the UK.