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IBM Aquires Clarity Systems

GRC Announcements | October 22, 2010

IBM has acquired Clarity Systems, a privately-held company based in Toronto, Canada. Financial terms were not disclosed.

Clarity Systems delivers financial governance software that enables organizations to automate the process of collecting, preparing, certifying and controlling financial statements for electronic filing. To reduce the risks of potential error and the time required to create and file financial documents, Clarity Systems software allows finance professionals to seamlessly integrate information for more efficient planning, consolidation and financial reporting.

IBM, which will integrate Clarity Systems within its Business Analytics software portfolio, now has a comprehensive portfolio of business analytics software for financial professionals to plan, forecast and analyze performance, identify and manage key business risks, and report to external stakeholders with confidence. With Clarity Systems, organizations can easily combine financial statements...

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