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Clarity Systems Appoints Two Senior Executives to Move Company Forward in Performance Management Space

TORONTO, ON (February 1, 2006)–Clarity Systems, a leader in corporate performance management (CPM) solutions, is pleased to announce the appointment of Paul Hill to the position of Chief Operating Officer.  With over 15 years of software experience, Mr. Hill will oversee Clarity Systems' sales and marketing divisions with a mandate to expand Clarity?s client base and increase its brand awareness in the marketplace.

"Paul has extensive experience in the performance management space and has played several key roles in developing companies into strong market competitors," said Frank Pizzolato, CEO, Clarity Systems.  "We are looking forward to utilizing Paul's impressive skill-set and experience to take Clarity to the next level.  It is a pleasure to welcome Paul to the Clarity Systems team."

Mr. Hill held several leadership positions at Cognos and Adaytum, two leading CPM vendors.  As Vice President, Business Development at Cognos, Mr. Hill was instrumental in developing the company's strategy to enter the CPM market.  In 1999, Mr. Hill joined Adaytum as Vice President, Product Marketing and was part of the executive team responsible for turning the company into a leading CPM vendor with sales of over $50 million (USD).  Adaytum sold to Cognos for $160 million (USD) in 2003.  Most recently, Mr. Hill was the Executive Vice President of Sales and Marketing at MediSolution.  Mr. Hill started his technology career in sales and marketing at IBM Canada.

Clarity Systems is also pleased to announce the appointment of Stephen Nelson to the position of Director, Product Marketing.  With over 15 years of experience in business solutions, Mr. Nelson will be responsible for raising Clarity's product and professional services awareness in the CPM market through a number of marketing and sales support initiatives.

"With many years of experience implementing practical CPM solutions, Stephen has been recognized as a well respected thought-leader in the CPM space," said Mark Nashman, President, Clarity Systems.  "Stephen has helped advance the understanding of corporate performance management techniques, technologies and processes in global enterprises and we are excited that he has joined our team."

Prior to Clarity, Stephen worked at Geac as their Director, Best Practices, developing white papers, as well as speaking and participating at various CPM events on the company's behalf.  In addition, he helped develop the sales and implementation methodologies of a new strategy management product.  Most recently, Stephen managed the channel partner relationships at OutlookSoft where he was responsible for small-medium business partner recruitment and education.



About Clarity Systems

Clarity Systems delivers superior Corporate Performance Management software solutions for financial budgeting, planning, forecasting, consolidation, analytics and financial statement reporting to a large, global client base. With a rich feature set, Clarity 6 and Clarity FSR are unified applications that offer the flexibility, security, and control needed to make more informed business decisions while meeting compliance requirements. Named as one of Profit’s 100 fastest growing companies and a Branham 300 top 100 IT company, Clarity Systems continues to lead the industry as the independent CPM specialist. For more information, please visit our website at www.claritysystems.com or call us at 1-877-410-5070.


For more information, please contact:

Dave Paolini, Communications Manager
Clarity Systems Limited
416-250-5500 ext. 417
Toll free: 1-877-410-5070 ext. 417
dpaolini@claritysystems.com


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Budgeting & Planning | Consolidations & Reporting | Scorecarding & Dashboarding | Reporting & Analysis | Revenue Forecasting
Business Performance Management (BPM) | Corporate Performance Management (CPM) | Financial Statement Reporting (FSR)
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