Clarity Systems Positioned in Visionaries Quadrant of 2007 Magic Quadrant for CPM Suites
Evaluation based on Ability to Execute and Completeness of Vision
TORONTO, ON (January 8, 2008) - Clarity Systems, a leader in corporate performance management (CPM) solutions, today announced it has been positioned by Gartner, Inc. in the Visionaries quadrant in the ‘Magic Quadrant for CPM Suites, 2007’* report.
“We believe Gartner's report acknowledges our software for its openness, flexibility and depth of functionality in all areas of CPM,” says Mark Nashman, President, Clarity Systems. “In my opinion, it distinguishes Clarity Systems as a thought leader and innovator in the CPM market.”
Clarity Systems is one of the remaining independent CPM specialists providing enterprises with a truly unified and open approach to CPM with its feature solution, Clarity 6. In comparison to solutions offered by larger vendors, who are currently in the process of rationalizing acquired products, Clarity 6 is preferred by leading organizations for offering a complete, web based application that leverages Excel and Web interfaces.
Earlier this year Clarity Systems extended its CPM solution with the launch of Clarity FSR (Financial Statement Reporting) - a revolutionary product that makes it easier for organizations to create and submit external financial and regulatory reports such as the 10K and 10Q. Clarity FSR is the only product of its kind on the market and has helped to strengthen Clarity’s leadership in the CPM market.
“Clarity is the natural choice for companies looking for an independent CPM specialist offering a best-of-breed solution,” said Nashman. “Our focus has been to provide a single, unified and open CPM solution to our customers to help them accurately plan, analyze and report on organizational performance. Clarity’s strength in the CPM market is evident through our more than 100 per cent year-on-year growth in license revenue. We believe Gartner's Magic Quadrant for CPM Suites recognizes what our customers already understand: Clarity delivers visionary CPM solutions to the market.”
About the Magic Quadrant
The Magic Quadrant is copyrighted December 2007 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.
*Gartner, Inc. "Magic Quadrant for CPM Suites, 2007” by N. Rayner et al. December 19, 2007
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
