Company maintains 100 per cent year-over-year growth in software revenue
TORONTO, Nov. 14 /CNW/ - Clarity Systems, a leader in corporate
performance management (CPM) solutions, today announced record results for the
company's full fiscal year, ending September 30, 2007.
Clarity Systems reports record sales including over 100 per cent
year-over-year growth in license revenue. The company excelled this year with
significant growth in its customer base across North America and the United
Kingdom. Additions to Clarity's customer base include industry leaders such as
Intel Corporation, JetBlue Airways, F5 Networks, Orlando Aviation Authority,
CAPREIT, Hodgson Russ LLP, Entercom Communications, Eos Airlines, Lane
Company, Aquion Water Treatment, Diodes, First Capital Realty, Cascade
Engineering, Acronis, SH Group, Hopewell Residential Communities, Fort Dodge
Animal Health, Calyx Transportation Group, CMS-XKO, Nova Scotia Gaming
Corporation, VanRob, Stradian, Russell Stover Candies, and EMS Technologies.
"The recent market consolidation has clearly benefited Clarity Systems
since we are now the only independent vendor providing enterprises with a
truly unified and open approach to Corporate Performance Management," says
Mark Nashman, President, Clarity Systems. "With the release of Clarity 6.1 we
have validated our position as a leader by introducing features like
MS-Office(TM) integration, goal seeking and a more advanced audit trail.
Furthermore, with the release of Clarity FSR, Clarity Systems is now a leader
in external financial reporting and this has resulted in a lot of attention
from customers, media and analysts."
"Clarity's straightforward, easy-to-use, yet sophisticated product line
has appealed to companies looking for an all-in-one application," wrote John
Hagerty and Koppel Verma, from AMR Research in the CPM Market Landscape Report
in September 2007. "The ability to work in an open IT architecture also
distinguishes it from other competitors and offers buyers deployment options
not open to them through other vendors."
To support customer demand, Clarity has doubled the size of its sales
team and hired experienced leaders in services, product development and
marketing. Clarity has also grown the professional services team by more than
30 people to keep up with the rapid customer growth, but not at the expense of
customer satisfaction. In addition to the top rank in budgeting and planning
in Forrester's Business Performance Solutions Wave, Q4 2007, Clarity Systems
achieved the top mark in the Customer Support category. "Clarity Systems has
outstanding references and provides very good upgrade and support services
options," wrote Paul Hamerman of Forrester.
"During 2007 we made a number of significant investments in our business
that we believe are the key to our future growth, including a focus on
building out our international operations which has paid off with significant
growth in the United Kingdom," says Nashman. "We are off to a very strong
start in the first quarter of 2008 and are on track to achieving significant
revenue growth during the year."
About Clarity Systems
Clarity Systems delivers superior CPM software solutions, training,
consulting, and advisory services for financial budgeting, planning,
reporting, consolidation, and analytics to a large client base across North
America and the United Kingdom. With a rich feature set, Clarity 6 is a
unified application that offers the flexibility, security, and control needed
to meet compliance requirements, make more informed business decisions, and
ensure better corporate responsibility. As a Branham 300 top 100 IT company,
Clarity Systems continues to experience a large growth in revenue, expand its
client base, and lead the industry as the CPM solutions' specialist. For more
information on Clarity, please visit our website at www.claritysystems.com or
call us at 1-877-410-5070.
For further information:
For further information: Joanna Bonos, Media Relations, Clarity Systems
Limited, (416) 250-5500 ext. 417, Toll free: 1-877-410-5070 ext. 417,