Engagement

In 2009, Clairvia engaged ST Advisors for a Strategic Assessment to conduct an in-depth review of the company’s ultimate valuation drivers and to discuss potential strategic partners and acquirers. Following a corporate rebranding, we then assisted Clairvia’s management in developing an overview presentation to introduce the company, its solutions, and its core value proposition to potential strategic partners.

From there, our relationship with Clairvia deepened to an ongoing retained advisory role in which we worked with management to assess strategic options and goals. When it came time to contemplate a strategic exit, ST Advisors worked with management to engage the appropriate investment bank, and served as co-advisor in Clairvia’s sale to Cerner Corporation, relying on our transaction experience and strategic perspective to counsel the CEO throughout the process.

Results

Cerner Corporation acquired Clairvia in October 2011, an excellent outcome for all parties involved, with Clairvia’s founder remaining with Cerner for over four years.