TORONTO, April 27, 2010 /PRNewswire/ -- Clarity Systems, a leader in corporate performance management (CPM) and financial governance solutions, today announced that Gartner, Inc. has reported that Clarity Systems is the fastest-growing CPM suite vendor in the world based on year over year (2008-2009) growth, according to a recently released Gartner Dataquest Market Statistics report entitled Market Share: Business Intelligence, Analytics and Performance Management Software, Worldwide - 2009 by Dan Sommer and Bhavish Sood.
Clarity's 38.0 percent growth worldwide in 2009 based on revenue (see Table 2-1 in the report) was more than ten times the overall growth rate of 3.6 percent averaged among all vendors.
We believe Clarity Systems is the fastest-growing CPM Suite vendor in the world because we supply our customers with world-class budgeting, planning, forecasting and consolidations functionality, and at the same time include the automation of external reporting processes. This 'unified' approach to CPM makes our solution unique in the market, and our rapid growth rate bears this out, said Mark Nashman, President and CTO, Clarity Systems.
Furthermore, as the global adoption of the XBRL reporting format gains momentum beyond the U.S. Securities and Exchange Commission mandate and the UK iXBRL filing mandate, we expect that our growth rate will accelerate as more firms adopt our integrated approach to XBRL filing, another differentiator that we are very proud of, Nashman added.
Background on Clarity's CPM/Financial Governance Solutions
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.
Clarity Systems will be delivering industry insights and a host of practical tools at its customer conference, Vision:10 in Scottsdale, Arizona from May 16 - 19. 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.
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 http://www.claritysystems.com or call us at 1-877-410-5070 in North America or +44(0)2031784038 in the UK.
For further information: Dave Paolini, Communications Manager, Clarity Systems Limited, +1-647-242-1184, email@example.com
SOURCE: Clarity Systems Limited
CONTACT: For further information: Dave Paolini, Communications Manager,Clarity Systems Limited, +1-647-242-1184, firstname.lastname@example.org