Microsoft(R) IMPACT Award Given to Clarity Systems for Innovative Financial
Reporting Solution

Clarity FSR(TM) wins ISV/Software Solution of the Year award at annual Microsoft awards ceremony

TORONTO, Nov. 16 /CNW/ - Clarity Systems, a leader in corporate performance management (CPM) and financial governance solutions, today announced that it has been selected as the winner in the ISV/Software Solution of the Year category at the 2009 Microsoft Partner Network IMPACT Awards, announced at an awards ceremony in Toronto on November 12. The seventh annual IMPACT awards recognize excellence across the large and diverse community of Microsoft's Canadian technology partners.

Specifically, the award recognizes the positive business impact that Clarity FSR delivers to the Office of Finance. This award comes days after Clarity FSR was also profiled in a Gartner report: "Case Study: UTC Improves Efficiency With Financial Statement Production Solution" by John E. Van Decker, November 9, 2009. The report is available for public viewing on Gartner's website at http://www.gartner.com/technology/media-products/reprints/claritysystems/170943.html

"We're delighted, on behalf of our customers and our employees, to be recognized as Microsoft's premier software solution partner," said Mark Nashman, President & CTO, Clarity Systems. "This is further validation of the value delivered by Clarity to improve the efficiency and reduce the risk of mission critical business functions within the Office of Finance - value already recognized by our customers," added Nashman.

"Our annual IMPACT Awards celebrate the most innovative technology partners who have shown superior service to customers and are real leaders in their respective fields," said Corinne Sharp, National Director, Canadian Partner channel, Microsoft Canada Co. "As true IT heroes, technology partners like Clarity Systems continue to raise the bar with customers by helping them maximize business performance."

More About Clarity FSR

Clarity FSR is the only enterprise software that automates the external reporting process (e.g., annual and quarterly reports, MD&A, board books, etc.) by linking the report to the source data, enabling auto-generation of the latest version of the report in multiple output formats including XBRL, PDF, Microsoft Word and Adobe InDesign. Clarity FSR is unique because it not only improves the timeliness and quality of financial processes and reporting, but also improves control and reduces risk in the external reporting process.

About the Microsoft Partner Network IMPACT Awards

In 2003, Microsoft Canada replaced all of its previous technology partner awards with a unified network that also recognizes customer service, marketing, and contribution to the community. The IMPACT Awards include categories that recognize top technology partners for excellence in five categories: IAMCP Canada Partner of the Year; Solution Awards; Business Awards; Marketing Awards; and Community & Initiative Awards.

The Microsoft Partner Network IMPACT Awards are open to Systems Integrators, Large Account Resellers, Direct Market Resellers, Value Added Resellers, Distributors, Systems Builders, Authorized Education Resellers, Certified Partners for Learning Solutions, Microsoft Certified Partners, Independent Software Vendors, Channel Suppliers, Microsoft Business Solutions (MBS) Partners and Original Equipment Manufacturers.

For a list of all 2009 winners, and more information on the Microsoft for Partner IMPACT Awards, please visit www.microsoft.ca/awards.

About 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.

SOURCE CLARITY SYSTEMS LIMITED

For further information: For further information: on Clarity, please contact: Dave Paolini, Communications Manager, Clarity Systems Limited, (647) 242-1184, dpaolini@claritysystems.com

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CLARITY SYSTEMS LIMITED

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