Clerity announced that it has entered into an agreement to invest and take controlling interest in Veryant, a software technology firm focused on COBOL development and Java deployment solutions. With an estimated 200 billion lines of COBOL in use today, there is opportunity to enhance and integrate COBOL applications through Web Services and Service Oriented Architectures. All COBOL development and debugging tasks are performed in a COBOL environment, so no retraining or rewriting code is required. Since key isCOBOL technology such as the Compiler, Debugger and Runtime Environment is implemented 100% in Java, extending applications and delivering true cross-platform portability becomes a reality. The association of COBOL innovation with Clerity's professional services organization and industry partnerships will further extend the market reach of Veryant's offerings and improve its value proposition.