Clarity Systems Releases CLARITY 7(TM)

Latest Version of Clarity's Corporate Performance Management (CPM) Product Delivers Powerful new Functionality and Greater Performance While Leveraging Microsoft Technology

TORONTO, May 13, 2010 - Clarity Systems, a leader in corporate performance management (CPM) and
external reporting solutions, today released CLARITY 7, the latest release of
the only truly unified and open CPM solution on the market. CLARITY 7
delivers breakthrough speed with the ability to generate many thousands of
reports per hour, and now also delivers powerful new functionality spanning
multiple areas and even easier to use interfaces. Within this single, unified
application, CLARITY 7 covers all CPM processes in one software product, with
one web-based user interface, delivering a powerful yet easy-to-use
application for administrators and end-users alike.

"Customers have asked for and have been involved in bringing about these
step-change improvements to the industry's leading solution for budgeting,
planning, forecasting, consolidations, scorecards, analysis, modeling and
reporting," said Mark Nashman, President & CTO, Clarity Systems. "We're
confident that this announcement will continue to fuel the rapid growth of
the firm, enabling us to maintain our lead as the fastest-growing CPM vendor
in the world(1)," he added.

Powerful New Consolidations Solution

With a brand new financial consolidations engine, CLARITY 7
Consolidations now avoids duplication of data through optimized data storage
, dramatically improving processing speeds. Not only does CLARITY 7
Consolidations deliver multi-GAAP/IFRS functionality, multi-currency
capabilities, inter-company eliminations, and all of the other capabilities
an Office of Finance user would expect in a comprehensive consolidations
solution, but it also delivers sophisticated functionality to perform
simulations on the consolidation models.

"Users can quickly view the financial impact of changes in ownership
structure, hierarchical structure or other changes to the model, without
impacting the base scenario. And all of this is delivered in a
fully-parameter driven configuration platform, making it very easy to set up
to meet the most complex global consolidations requirements," said Nashman.

Template and Report Design Made Even Easier with CLARITY 7 Studio

An innovative new tool is also being unveiled: CLARITY 7 Studio. Studio
makes it even easier for finance department users to take control of the
creation and on-going management of sophisticated data entry templates and
reports, without having to engage IT support.

Additionally, CLARITY 7 includes extensive capabilities to perform
Profitability Modeling and Optimization, including tools to perform what-if
modeling and goal seeking. As well, a comprehensive Strategy Management
solution complete with strategic planning and initiative/goal management
capabilities are included in CLARITY 7, all within this single, unified CPM
application.

'Test Drive' CLARITY 7 at Vision:10 - Clarity's Upcoming User Conference

New features in CLARITY 7 will be demonstrated at Vision:10, Clarity
System's Annual Users' Conference in Scottsdale, Arizona - May 17 - 20 in the
'Test Drive' Room at the Fairmont Scottsdale Hotel. See
www.claritysystems.com/Vision for details on attending this best-in-class,
annual CPM and financial governance event.

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.

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(1) See recent Gartner Dataquest Market Statistics report - specifically
Table 2-1 - in "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 was more than ten times the overall market growth rate of 3.6 percent.

For further information: Tony Hocevar - VP, Marketing, Clarity Systems
Limited, +1(416)250-5500 ext. 403, thocevar@claritysystems.com

For further information: Tony Hocevar - VP, Marketing, Clarity Systems Limited, +1(416)250-5500 ext. 403, thocevar at claritysystems.com