IBM Buys Financial Governance Software Company Clarity Systems

IBM is announcing the acquisition of yet another company today: Toronto-based financial governance software company Clarity Systems. Financial terms of the deal were not disclosed.

Clarity Systems’ software allows organizations to automate the process of collecting, preparing, certifying and controlling financial statements for electronic filing with the SEC and other regulatory agencies. The software also helps CFOs automate budgeting, forecasting, planning, consolidation, scorecarding and other financial business analytics. CFOs can combine financial statements, operational details, commentary, notes, charts and pictures into a single document. Customers include British Airways, WSFS Financial Corporation, Young & Co.’s Brewery plc, Five Star Quality Care, Inc., Oglethorpe Power Corporation and Sempra Energy Utilities.

Related Articles