TORONTO, Canada, December 29 /PRNewswire/ -- Clarity Systems, a leader in corporate performance management (CPM) and external reporting solutions, today announced that Gartner, Inc. had positioned the firm in the 'Visionaries' section of the 2008 Magic Quadrant (TM) for CPM Suites(1).

I believe our positioning in the Magic Quadrant reflects our 40 percent year-on-year growth in license revenue, the new product introductions we made and the widening acceptance of Clarity FSR(TM) by firms wanting to improve the efficiency of the external reporting process, while delivering multiple output formats including XBRL, said Mark Nashman , President and CTO, Clarity Systems. This unified, one-stop CPM and external reporting product portfolio contrasts with those of other vendors mentioned in the report, who are still trying to rationalize the products they obtained during acquisitions, added Nashman.

Clarity Systems is a leading independent CPM specialist, providing enterprises with a unified and open approach to CPM with its solutions, Clarity 6 and Clarity FSR. Clarity 6 is a single unified application 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 the 10-K and 10-Q. Clarity FSR is the only product of its kind on the market, and is helping to strengthen Clarity's leadership in the CPM market.

In 2009 we will introduce more visionary, feature-rich versions of Clarity 6, Clarity FSR and Clarity OnDemand, as well as add new business partners across the globe, said Nashman. These moves in turn will reinforce our industry leadership as one of the leading independent CPM specialists providing enterprises all over the world with a truly unified and open approach to CPM, he added.

Clarity Systems will be providing 'big picture' industry insights and a host of practical tools to its customers and prospects at its customer conference, Vision:09, in the new year. Companies interested in hearing real-life user experiences, industry overviews and attending educational workshops around our visionary solutions are encouraged to visit to gather details and plan their attendance.

About the Magic Quadrant

The Magic Quadrant is copyrighted December 2008 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.

Clarity Systems

Clarity Systems delivers software solutions to the Office of Finance. Our software helps large and mid-market organisations 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 or call us at 1-877-410-5070 in North America or +44-(0)2031784038 in the UK.

(1) Gartner, Inc. Magic Quadrant for CPM Suites, 2008 by N. Chandler, N. Rayer and J. Van Decker, December 19, 2008

For further information: Dave Paolini, Communications Manager, Clarity Systems Limited, +1-(647)-242-1184,

For further information: Dave Paolini, Communications Manager, Clarity Systems Limited, +1-(647)-242-1184,