AlbionVC exits Clear Review after a strategic acquisition
Today, Advanced has announced that it has acquired Clear Review, a global performance management and employee engagement software company whose customers include Virgin Money, RICOH, Next, HarperCollins and Waltham Forest Council. AlbionVC led Clear Review's Series A investment round in June 2019.
Stuart Hearn, Founder and CEO of Clear Review, said:
“We’re extremely proud of the success of our Clear Review platform and its role in improving business performance and developing talent around the world. The acquisition provides a great opportunity to accelerate Clear Review’s growth as well as integrate with Advanced’s HR solutions, helping organisations retain their best talent and increase performance.”
Gordon Wilson, CEO of Advanced said:
“Covid-19 has forced over half the UK’s workforce to work from home – something that is likely to continue as our normal - and so the ability for managers to continuously develop and improve their people’s performance remotely is paramount to the success of every organisation. Vital too is that organisations can ensure they have engaged workforces and that their wellbeing is supported. Clear Review’s technology gives managers the tools to do all these things whilst being extremely complementary to our existing Human Capital Management solutions which is an area of priority for us. For both our existing and new customers this acquisition enhances their ability to empower managers to accelerate their talent management strategies.”
Emil Gigov, AlbionVC Partner said:
“Clear Review has revolutionised how companies approach performance management, changing it from a tense annual event to a regular conversation, with the aim of improving how people perform and also their working lives. When we first met Stuart in 2019, we were very impressed with the simplicity and effectiveness of the product, not to mention his passion for solving what he recognised as an entrenched problem for many businesses. The Advanced acquisition will take Clear Review’s offering to new heights, and we have been delighted to support Stuart and the wider Clear Review team as part of their journey.”
To learn more about AlbionVC and Clear Review journey read the latest on our blog.