Terms were not disclosed.
Clariti, founded in 2008 and based in Vancouver, B.C., said in a statement that the combined company’s licensing and permitting software will serve more than 150 million people. Camino, based in the Bay Area, launched in 2015 and has raised at least $8.9 million.
Camino’s products include an application portal, business and cannabis licensing and virtual inspections. Clariti’s offerings include environmental health software and professional and business licensing technology, along with a community development platform.
“Camino has developed the best next-generation product for small- and medium-sized governments that will perfectly complement Clariti’s leading enterprise permitting and licensing platform,” said Clariti Co-CEO Cyrus Symoom in that statement. “Our commitment to both products will enable us to serve governments of all sizes for decades to come.”
Clariti plans to include Camino’s Permit Guide — an information resource for those seeking permits from agencies — as a Clariti add-on, with more post-acquisition product moves likely on the way. Clariti said that it would impose no “forced upgrades” on clients following this acquisition.
As well, all Camino employees, including its founders, will join Clariti. In the statement, Clariti said it expects its employee base to grow by 50 percent by the end of 2023 as the company invests more in product, support and services teams.
“This is more than just business as usual for Camino,” said Camino CEO Mike Rosengarten in the statement. "We have seen Clariti's commitment to product innovation that will now include Camino. They share in our vision of delivering exceptional customer experiences, which is why we're so excited to join forces with increased funding and support."
Editor's note: Clariti's headquarter location has been corrected.
