Clarity assets sold and placed into administration

Clarity assets sold and subsequently placed into administration.

Following an announcement to the Australian Stock Exchange (ASX) on 24 June 2014 that Clarity OSS Limited and its secured creditor (CPS Group Investments Pty Ltd) had entered into an agreement to sell most of the Clarity Group’s assets to the Australian subsidiary of a US quoted corporation, this sale was finalised on 3 July 2014.

On 4 July 2014 Clarity announced to the ASX that its directors have resolved to place the company into voluntary administration.

The buyer of Clarity’s assets is rumoured to be Synchronoss but no official announcement appears to have been made yet.

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