The acquisition brings into Cardinality an established operation — ClearCycle was founded in 1983 — selling technology to help manage claims and send out payments to recipients. That’s broad functionality, and ClearCycle’s history is in health care and insurance, but its products serve an integral part of what Cardinality does in its public-sector work: Managing the cases and fulfillment of government services and benefits programs.
“The acquisition of ClearCycle will accelerate our mission of enabling government workers to deliver citizen services effectively,” said Cardinality CEO and Co-Founder Thiag Loganathan in a press release. “ClearCycle’s depth of knowledge in claims, payments, disbursements, and compliance reporting with their track record of serving clients in regulated industries will expedite the deployment of our ready-built solutions. In addition, we welcome the ClearCycle team, who will improve our ability to serve U.S. Government agency clients and increase the scale of our US-based client success team.”
Cardinality, founded in 2017 and headquartered in Virginia, has been featured on the GovTech 100 list for two years running.
