Clara acquires BOTH Corporate Services Limited marking an expansion of its growth strategy
UAE-based legaltech startup Clara, today announced its acquisition of BOTH Corporate Services Limited (BCS), a prominent provider of corporate services in Abu Dhabi Global Market (ADGM). This deal is a significant milestone for Clara as it initiates an acquisition strategy to rapidly expand its customer base and extend its innovative services to a wider audience.
Commenting on the acquisition, Kathryn Burke, Head of Formations at Clara noted that "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 premier provider of digital-first company formation and management solutions in ADGM and beyond.
About Clara Technologies
Clara Technologies is a leading 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.
About BOTH Corporate Services Limited (BCS)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.
For media inquiries or further information, please contact Neha Chohan at neha.chohan@clara.co
Discover more from Clara
Cap tables explained
Whether you are looking to attract more investors or make key appointments for your start-up, you need a strong, up-to-date cap table. An accurate cap table gives potential investors the information they need to decide whether they will invest in your venture. It also helps stakeholders to keep track of their interests and shows potential employees what you can offer as stock options.
Guide to investor rights
When we refer to investors' rights, we refer to the legal and financial protection granted to investors when receiving shares in a start-up. It can also refer to certain privileges. In the early stages, a start-up can raise funds through convertibles. The founder will receive the money but does not need to issue shares at that stage.