Clarity Systems, one of the few remaining providers of corporate performance management (CPM) solutions, has announced record results for the company's full fiscal year, ending September 30, 2007. Clarity Systems reports record sales including over 100 per cent year-over-year growth in license revenue.
"The recent market consolidation has clearly benefited Clarity Systems since we are now the only independent vendor providing enterprises with a unified and open approach to Corporate Performance Management," says Mark Nashman , President, Clarity Systems. "With the release of Clarity 6.1 we have validated our position as a leader by introducing features like MS-Office integration, goal seeking and a more advanced audit trail. Furthermore, with the release of Clarity FSR, Clarity Systems is now a leader in external financial reporting and this has resulted in a lot of attention from customers, media and analysts."
"Clarity's straightforward, easy-to-use, yet sophisticated product line has appealed to companies looking for an all-in-one application," wrote John Hagerty and Koppel Verma, from AMR Research in the CPM Market Landscape Report in September 2007. "The ability to work in an open IT architecture also distinguishes it from other competitors and offers buyers deployment options not open to them through other vendors."
To support customer demand, Clarity has doubled the size of its sales team and hired experienced leaders in services, product development and marketing. Clarity has also grown the professional services team by more than 30 people to keep up with the rapid customer growth, but not at the expense of customer satisfaction. In addition to the top rank in budgeting and planning in Forrester's Business Performance Solutions Wave, Q4 2007, Clarity Systems achieved the top mark in the Customer Support category. "Clarity Systems has outstanding references and provides very good upgrade and support services options," wrote Paul Hamerman of Forrester.
"During 2007 we made a number of significant investments in our business that we believe are the key to our future growth, including a focus on building out our international operations which has paid off with significant growth in the United Kingdom," says Nashman. "We are off to a very strong start in the first quarter of 2008 and are on track to achieving significant revenue growth during the year."
