Clarity Commerce Solutions, the leisure and hospitality market software play chaired by serial entrepreneur Bob Morton, has agreed to buy Romulus, a provider of business intelligence analytic software, for a maximum £5m. Based in Edinburgh, Romulus provides software which helps businesses collect, consolidate, analyse and access information and helps them make better decisions. In essence, it takes historic data, like database applications such as sales order-processing and accounts, and releases the information to management 'in a very simple, but powerful way'. In the year to March 2002, Romulus posted encouraging profits of £6,481 on turnover of £483,366 and Clarity chief executive Graham York says 'it's going through an enormous growth period'. In a trading update in February, 'Clarity' claimed pre-tax profit before amortisation for the year to March 2003 (to be announced in May) would be in excess of the previous year's results, but below market expectations. Despite tough markets in the year to March 2002, Clarity managed to move into profit before tax and amortisation of £222,000 (£841,000 loss) as sales surged ahead 117% to £7.62m. In the half to September, pre-tax losses widened from £276,000 to £429,000 on sales of £3.4m (£2.4m). Forecasts from house broker Williams de Broe suggest a £400,000 profit for 2003, giving eps of 2.8p. Hold for now.