UAE-based legaltech Clara announced its acquisition of BOTH Corporate Services Limited (BCS), a provider of corporate services in Abu Dhabi Global Market (ADGM).
This deal is a key milestone for Clara as it initiates “an acquisition strategy to expand its customer base and extend its innovative services to a wider audience.”
Kathryn Burke, Head of Formations at Clara noted:
“As we navigate the dynamic landscape of our industry, this acquisition marks a pivotal moment for Clara. It represents our dedication to strategic growth, unlocking new possibilities, and reinforcing our commitment to delivering unparalleled value to our customers.”
The acquisition will enable BCS’ customers to “manage their ADGM companies digitally through Clara’s state-of-the-art platform, including the management of their equity through Clara’s digital cap table solution.”
As part of the deal, Anna Heystek, Co-Founder & CEO of BCS will be “joining Clara in a senior business development role.”
“I am thrilled to be joining Clara and introducing our clients to their game-changing platform. Clara’s exceptional reputation as a leading incorporator of ADGM entities is well-deserved, and the team’s vision for future growth is truly inspiring. The opportunity to contribute to such a forward-thinking company excites me immensely,”
With this acquisition, Clara further cements its status as the “provider of digital-first company formation and management solutions in ADGM and beyond.”
As noted in the update, Clara Technologies is a “provider of digital-first company formation and management solutions in ADGM and other popular jurisdictions. Clara’s mission is to empower businesses to thrive by providing them with the tools and support they need to form and manage their companies efficiently and effectively.”
As mentioned in the announcement, BCS is “a single-source service solutions provider offering Corporate Services, Regulatory Services, Company Incorporation, Management, and Compliance consultancy services. With over a decade of experience, BCS has evolved into a trusted and dedicated service company offering exceptional client experiences.”