Clarity Systems Records Highest Revenues Ever in FY 2009, Continuing 12 Consecutive Quarters of Profitable Growth

New Solutions, New Markets, a Growing Partner Network and an Expanding Employee Base Highlight Another Successful Year for Clarity

TORONTO, November 10 - Clarity Systems, a leader in corporate performance management (CPM) and
financial governance solutions, today announced a fourth consecutive year of
record revenue growth, for the 12-month period ending September 30, 2009.

"Our product leadership in the Corporate Performance Management (CPM) and
financial governance markets and superior sales execution combined to provide
us with strong sales growth across all worldwide geographies," said Frank
Pizzolato, CEO, Clarity Systems. "This was fuelled in part by an expanding
channel presence, resulting in 40 percent year-over-year revenue growth,
which dramatically outpaces other CPM and Financial Governance vendors in the
market, in spite of the tough economic conditions of the past 12 months."

Hiring continued apace at Clarity Systems in FY 2009, with software
developers, service consultants and sales staff being added to maintain the
company's technological superiority and outstanding reputation in customer
service. "The term 'jobless recovery' hasn't applied to us," said Pizzolato,
"given our financial performance over the past year and the fact that we
added more than 100 employees and dozens of partners to meet the growing
demand for our solutions and services," added Pizzolato. Clarity anticipates
strong sales growth to continue in FY 2010 and will add to its employee
and partner resources as required to meet this growth.

Continuing CPM and Financial Governance Leadership

Clarity's product leadership was demonstrated throughout FY 2009 as the
superiority of the firm's integrated approach to delivering XBRL tagging
within the external reporting process added scores of new clients to the
Clarity FSR base. "Our selection as one of only a few 'cool vendors' by a
leading industry analyst(1) was based on Clarity FSR's ability to offer 'real
benefits in terms of business performance,', which accurately represents the
one-of-a-kind force that FSR has become," said Mark Nashman, President & CTO,
Clarity Systems.

"Significant enhancements to Clarity 6 were also delivered this past
year. New features spanning budgeting, planning, forecasting, consolidations,
data visualization and management reporting combined with significant
performance improvements ensure that our industry-leading CPM solution helps
our customers make better business decisions, faster," says Mark Nashman,
President and CTO, Clarity Systems.

Dramatic Increase in Sales Coverage Across All Regions

The addition of new offices and direct sales and service staff across
North America, the UK, continental Europe and Asia-Pacific led to accelerated
sales of Clarity 6 and Clarity FSR.

"Besides expanding our US and London office footprint and opening new
offices in Geneva and Bucharest, our channels expanded tremendously in 2009,"
observed Paul Hill, Chief Operating Officer, Clarity Systems. "Accounting
firms, stock exchanges, solution resellers, implementation vendors and key
regulators showed their confidence in Clarity by adding Clarity FSR and
Clarity 6 to their lineups, signifying a vote of confidence in our ability to
engineer win-win alliances to meet customer needs."

    Some highlights of channel growth in FY 2009 included:

     -   A closer, more strategic relationship with Microsoft, given its
         decision to leverage partners like Clarity for its customers' CPM
         needs;
     -   A strategic relationship with Bowne was established, which led to
         significant sales of Clarity's software to Bowne's client base;
     -   Thomson Reuters Tax & Accounting group began actively promoting
         Clarity's software to its client base now that their Checkpoint
         solution content can be delivered via Clarity FSR;
     -   A successful three-year reseller agreement with Elite evolved into a
         strategic OEM agreement that sees Clarity 6 embedded in the Thomson
         3E flagship application, with the result that hundreds of legal
         firms including half of the world's top 10 are now using Clarity;
     -   The London Stock Exchange (LSE) has engaged Clarity to help its
         member companies automate their external reporting process through
         its RNS Submit service, by offering Clarity FSR as a formatting and
         submission option;
     -   Formal relationships with many of the largest global accounting
         firms, including KPMG, Deloitte and BDO Dunwoody, were achieved in
         FY 2009 and these and other accounting firms are pursuing joint
         account development with Clarity across a wide range of countries;
     -   More than 20 new technology and service reseller and implementation
         partners were signed on to expand the global presence into new
         geographies, including Australia, South Africa, Chile, Greece,
         Portugal, Spain, Turkey, Russia and Hong Kong.

OTHER KEY EVENTS

The company's annual customer conference, Vision:09, posted a record
number of attendees - primarily CFOs, controllers, external reporting
managers and other decision makers from the Office of Finance - representing
firms from multiple industries, ranging from mid-market to enterprise-sized
firms. Vision:10 will be held at the Fairmont Scottsdale Resort, May 16-19,
2010 (see www.claritysystems.com/vision/).

Clarity FSR was used as the basis for a new solution - Clarity e-Tariff
Management Solution (Clarity eTMS) - that ensures that oil & gas and
electricity utilities across the U.S. can submit their tariffs in XML format,
as mandated for an April 2010 due date by the Federal Energy Regulatory
Commission (FERC), in Order 714.

About 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.

     (1) Gartner, Inc. "Cool Vendors in Risk Management and Compliance,
         2009" - Clarity Systems write-up by John E. Van Decker, March 19,
         2009

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