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Powerlan becomes Clarity OSS, gives bullish outlook
Stuart Corner
Wednesday, 18 January 2012 12:50
Powerlan (formerly ASX: PWR) has changed its name to Clarity OSS Limited (ASX: CYO) - the company's only business following the sale of all other assets.
Clarity produces telecommunications operational support systems. The business was founded in 1994 and boasts 35 telecom customers worldwide that use the software to manage over 250 million subscribers. The company claims that its software "provides the lowest total cost of ownership using embedded best practices and process driven workflow to reduce the complexity, risk and cost of operations."
Despites its sales success Powerlan has struggled to achieve profitability for Clarity and to provide sufficient funding to grow the business.
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