Clarity Systems Named in Leading Industry Analyst Firm's Report on 2009 Market Share for BI, Analytics and Performance Management Solutions
By Clarity Systems Limited, PRNEMonday, April 26, 2010
Clarity Systems Ranked as Fastest-Growing CPM Suite Vendor in the World in Latest Research
TORONTO, April 27, 2010 - 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 www.claritysystems.com/Vision for
more details.
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 in North America
or +44(0)2031784038 in the UK.
For further information: Dave Paolini, Communications Manager, Clarity
Systems Limited, +1-647-242-1184, dpaolini@claritysystems.com
For further information: Dave Paolini, Communications Manager, Clarity Systems Limited, +1-647-242-1184, dpaolini at claritysystems.com
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