Cardinality.ai Acquires ClearCycle, a Proven Claims & Disbursement Technology Company
Cardinality.ai, a data technology group helping government agencies achieve better outcomes through artificial intelligence (AI) solutions has acquired ClearCycle, based in Redmond WA, a proven Claims and Disbursement Management technology provider since 1983, for the Healthcare and Insurance industries, to expand its suite of SaaS solutions.
“The acquisition of ClearCycle will accelerate our mission of enabling government workers to deliver citizen services effectively. ClearCycle’s depth of knowledge in claims, payments, disbursements, and compliance reporting with their track record of serving its clients in regulated industries will expedite the deployment of our ready-built solutions” said Thiag Loganathan, CEO of Cardinality.ai. “In addition, we welcome the ClearCycle team, who will improve our ability to serve US Government agency clients and increase the scale of our US-based client success team.”
“Joining hands with the Cardinality team, we are excited about the possibilities of coupling our 20+ years of knowledge and subject matter expertise with Cardinality’s modern software, built with configurable modules, cloud-based tech, a powerful AI assistant, and an intuitive interface, powered by a low-code platform” said Ravi Nithyanandham, Chief Technology Officer of ClearCycle.
With decades of experience in complex healthcare claims, payments, disbursements, translation to different currencies with international funding requirements, and regulatory reporting, the ClearCycle acquisition improves Cardinality features, such as compliance tracking, Medicare and Medicaid reporting while ensuring payments are disbursed quickly, appropriately, and traced easily.
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ClearCycle will continue to operate under that name and is now a wholly owned subsidiary of Cardinality.ai.
Virginia Partners Bank served as the financing partner for the acquisition. “We are excited to continue to partner with and support Cardinality with its acquisition of ClearCycle” said Adam Nalls, Chief Operating Officer of Virginia Partners Bank.
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