IBM Snaps Up Another BI Tool Maker
October 25, 2010 Alex Woodie
IBM last week bought Clarity Systems, a developer of Windows-based business intelligence tools designed to help finance officers comply with regulatory reporting requirements and derive more insight out of their financial systems. It was IBM’s 24th acquisition of a BI-related company in the last four years. Based in Toronto, Ontario, Clarity Systems develops two main product lines. Its flagship Clarity7 products help customers derive insight from their data via ad-hoc reporting and visual scorecards and also includes powerful budgeting and financial modeling capabilities. But IBM acquired Clarity primarily for its Clarity FSR (“financial statement reporting”) product, which helps companies |