New TECH Fort Worth Acceleration Client

Claritia analyzes, provides IT cost management solutions

FORT WORTH, Texas (Sept 27, 2011) –Claritia, which has developed a set of financial management solutions that will enable large corporations to manage their Information Technology (IT) spend more effectively, has been accepted as an Acceleration Client by TECH Fort Worth.
To meet a company’s IT financial management needs, Claritia customizes one or more of their three solutions, which includes IT Cost Transparency, IT Financial Management and IT Cost Optimization. Solutions are delivered through hosted software-as-a-service (SaaS) platform using a simple user interface with visually intuitive analytics.
Claritia’s two founders, Raja Pabba and Rakesh Singh, started the software company with a simple goal of delivering complete transparency into the total cost of IT ownership and to help communicate IT value.
Pabba is a technology executive with 15 years of leadership experience and an entrepreneur with two startups. Pabba also worked at Accenture’s IT Strategy practice, where he helped Fortune 1000 CIOs and finance executives with strategy, planning and management issues. He has an MBA from University of Chicago and a Master of Science degree in Industrial and System Engineering from West Virginia.
Singh is an IT strategist with seven years of experience focusing on IT financial management, cost optimization strategies, business case development and strategic IT issues. He has worked at leading IT consultancies, including Accenture’s IT Strategy practice and Avanade, a joint Microsoft and Accenture company. He holds a B.S. from Texas Tech University and Master’s Degree in Business and Information Technology from DePaul University in Chicago.
“We enable technology leaders to maximize the value of their investments in IT and clearly align their organizations with business requirements,” said Pabba, explaining Claritia’s value proposition to its customers. “Our solutions are aimed at delivering complete transparency into the total cost of IT ownership and delivery so executives can easily optimize and forecast their budgets.”
TECH Fort Worth is a nonprofit business incubator that helps companies commercialize their technologies, with particular emphasis on technologies that potentially have a major impact in the areas of the environment, health and community.

Darlene Ryan, Executive Director of TECH Fort Worth, said, “These are two seasoned executives who understand their market and can deliver on their promises. They chose to move here and start the company because of the number of large corporate headquarters in the area, the quality of life in our area and the ability to use TECH fort Worth’s connections to become quickly introduced to the people they need to know.”
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TECH Fort Worth is a nonprofit technology incubator with offices at the James E. Guinn Complex in Fort Worth South and at the UNT Health Science Center’s Center for BioHealth. For more information, call Darlene Ryan, Executive Director, at (817) 339 8968, email her at Darlene@techfortworth.org or go to www.techfortworth.org