Clarity Systems' Recognized in Visionaries Quadrant in Magic Quadrant for CPM Suites Report

Jan 28, 2010, 10:30 ET from Clarity Systems Limited

TORONTO, Jan. 28 /PRNewswire/ - Clarity Systems, a leader in corporate performance management (CPM) and external reporting solutions, today announced that Gartner, Inc. had positioned the firm in the 'Visionaries' section of the Magic Quadrant(TM) for Corporate Performance Management Suites(1).

"We believe our positioning in the Magic Quadrant clearly makes us the leading independent CPM specialist," said Mark Nashman, President and CTO, Clarity Systems. "Companies that want a single, unified solution with a low total cost of ownership rather than the patchwork of acquired applications delivered by the mega-vendors are selecting Clarity Systems. This is validated by our consistently top scores in customer satisfaction surveys and 40 percent year-over-year growth in revenue," added Nashman.

Clarity Systems is the leading independent CPM specialist, providing enterprises with a unified and open approach to CPM with its solutions, Clarity 6 and Clarity FSR(TM). Clarity 6 is a single unified, web-based solution to address financial budgeting, planning, forecasting, consolidations, scorecarding and analytic needs. Clarity FSR is an innovation for the Office of Finance that makes it easier to create and submit external financial and regulatory reports such as annual and quarterly reports, with unique integrated XBRL capabilities. Clarity FSR is the only product of its kind on the market, and is helping to strengthen Clarity's leadership in the CPM market.

"In early 2010 we will be launching Clarity 7, delivering new features and even faster performance to the market, while we also continue enhancing our truly unique external reporting solution, Clarity FSR," said Nashman. "And our global growth beyond North America and the UK is accelerating with recent wins in France, Germany, Russia, Greece, Israel, South Africa, Australia, Hong Kong, New Zealand, Indonesia, Singapore, Brazil, and Chile, among others. This growth in sales and implementation coverage reinforces our ability to compete for large, global CPM deals, providing enterprises all over the world with a truly unified and open approach to CPM," he added.

Clarity Systems will be delivering industry insights and a host of practical tools at its customer conference, Vision:10, during May in Scottsdale, Arizona. Companies interested in hearing real-life user experiences, industry overviews and attending educational workshops around our visionary solutions are encouraged to visit http://www.claritysystems.com/Vision/ for more details.

About the Magic Quadrant

The Magic Quadrant is copyrighted 2010 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Clarity Systems

Clarity Systems delivers software solutions to the Office of Finance. Our software helps large and mid-market organizations around the world improve their budgeting, planning, consolidations, scorecarding and management reporting processes, and also automates their external reporting processes to support the production of regulatory and statutory reports. Our unified applications help CFOs reduce risk while simultaneously improving operational efficiency. For more information, please visit our website at www.claritysystems.com or call us at 1-877-410-5070 in North America or 44 (0) 2031784038 in the UK.

----------------

(1) Gartner, Inc. "Magic Quadrant for Corporate Performance Management Suites" by Neil Chandler, Nigel Rayner and John E. Van Decker - January 25, 2010 (ID #G00172934)

SOURCE Clarity Systems Limited