Extensity announced it has been formed to provide Financial Performance Management solutions designed exclusively for finance professionals, from analysts to CFOs. Extensity is a Golden Gate Capital funded company, whose key solutions are comprised of core financial and performance management applications recently acquired from Geac, with an installed base of more than 12,500 customers worldwide, including more than half of the FORTUNE 100 and 18 of the top 20 U.S. banking institutions.
Extensity consists of two newly formed business units: Financial Applications and Industry Specific Applications (ISAs). The Financial Applications business unit is comprised of two operating groups: Enterprise Solutions, which includes the Enterprise Server, SmartStream and Anael products; and Performance Management, which includes MPC and Expense Management. The ISA business unit includes the commercial systems division, libraries, local government, public safety and restaurants products.
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