ClearSale Acquires Software Development Organization Beta Learning
Summary
The purchase helps the company keep its focus on combining forward-thinking products with the world’s largest team of fraud analysts to provide unmatched protection for online merchants. The ‘acquihire’ adds more than 100 software developers to ClearSale’s team, ensuring resources are available to continue creating cutting-edge products that stay ahead of trends in ecommerce fraud. “Having been a client of Beta Learning for the last two years, we were well-versed in the organization’s incredible commitment to moving people forward through digital initiatives,” said Rafael Lourenco, ClearSale EVP and Partner. When asked about the purchase, Mr. Lustosa said, “This acquisition makes perfect sense due to our affinities in corporate culture and commitment to agility. ClearSale continues to grow at the same rate, between 25% and 35% per year, with slightly lower margins but on schedule.” Beta Learning has grown exponentially since its launch in 2019.