<DOCUMENT>
<TYPE>11-K
<SEQUENCE>1
<FILENAME>v037425_11-k.txt
<TEXT>
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  --------------

                                    FORM 11-K
                                  --------------

(Mark One)

|X|   ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934 [Fee Required]

                   For the fiscal year ended December 31, 2005

                                       OR

|_|   TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT
      OF 1934 [No Fee Required]

      For the transition period from _____________ to _____________

                         Commission file number 0-24277

              Full title of the plan and the address of the plan:

               Employee Stock Purchase Plan of Clarus Corporation
            Global Employee Stock Purchase Plan of Clarus Corporation
                               One Landmark Square
                               Stamford, CT 06901

 Name of issuer of the securities held pursuant to the plan and address of its
                          principal executive office:

                               Clarus Corporation
                               One Landmark Square
                               Stamford, CT 06901


<PAGE>

                                TABLE OF CONTENTS

                                                                            PAGE
                                                                            ----

Employee Stock Purchase Plan of Clarus Corporation:

         Report of Independent Registered Public Accounting Firm               3

         Statements of Financial Condition - December 31, 2005 and 2004        4

         Statements of Operations and Changes in Plan Equity -
           Years ended December 31, 2005, 2004, and 2003                       5

         Notes to Financial Statements                                         6

Global Employee Stock Purchase Plan of Clarus Corporation:

         Report of Independent Registered Public Accounting Firm               8

         Statements of Financial Condition - December 31, 2005 and 2004        9

         Statements of Operations and Changes in Plan Equity -
           Years ended December 31, 2005, 2004 and 2003                       10

         Notes to Financial Statements                                        11

Signatures                                                                    13

Exhibit Index                                                                 14


                                       2
<PAGE>

             Report of Independent Registered Public Accounting Firm

The Board of Directors of Clarus Corporation:

We have  audited the  accompanying  statements  of  financial  condition  of the
Employee Stock Purchase Plan of Clarus  Corporation  (the "Plan") as of December
31, 2005 and 2004 and the related  statements of operations  and changes in plan
equity for each of the years in the  three-year  period ended December 31, 2005.
These financial statements are the responsibility of the Plan's management.  Our
responsibility  is to express an opinion on these financial  statements based on
our audits.

We conducted our audits in accordance  with the standards of the Public  Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes consideration of
internal  control  over  financial  reporting  as a basis  for  designing  audit
procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the  effectiveness  of the Plan's internal control over
financial reporting.  Accordingly, we express no such opinion. An audit includes
examining,  on a test basis,  evidence supporting the amounts and disclosures in
the  financial  statements.  An audit also  includes  assessing  the  accounting
principles  used  and  significant  estimates  made  by  management,  as well as
evaluating the overall  financial  statement  presentation.  We believe that our
audits provide a reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all material  respects,  the financial  condition of the Employee Stock Purchase
Plan of Clarus  Corporation  as of December 31, 2005 and 2004 and the results of
its  operations  and  changes  in  plan  equity  for  each of the  years  in the
three-year  period ended  December 31, 2005, in conformity  with U.S.  generally
accepted accounting principles.


/s/ KPMG LLP
---------------------
Stamford, Connecticut

March 7, 2006


                                       3
<PAGE>

               Employee Stock Purchase Plan of Clarus Corporation
                        Statements of Financial Condition
                           December 31, 2005 and 2004

                                                             2005          2004
                                                            ------        ------
ASSETS                                                      $   --        $   --
                                                            ======        ======
LIABILITIES AND PLAN EQUITY                                 $   --        $   --
                                                            ======        ======



                 See accompanying notes to financial statements.


                                       4
<PAGE>

               Employee Stock Purchase Plan of Clarus Corporation
               Statements of Operations and Changes in Plan Equity
                  Years ended December 31, 2005, 2004 and 2003

                                                    2005       2004       2003
                                                  -------    -------    -------
Participants' contributions, net                  $    --    $    --    $    --

Contributions used for stock purchase                  --         --     (9,983)
                                                  -------    -------    -------
Net change in plan equity                              --         --     (9,983)

Plan equity, beginning of year                         --         --      9,983
                                                  -------    -------    -------

Plan equity, end of year                          $    --    $    --    $    --
                                                  =======    =======    =======


                 See accompanying notes to financial statements.


                                       5
<PAGE>

               Employee Stock Purchase Plan of Clarus Corporation
                          Notes to Financial Statements
                        December 31, 2005, 2004, and 2003

1. Description of the Plan

The  following  description  of the  Employee  Stock  Purchase  Plan  of  Clarus
Corporation (the "Plan") provides general information only.  Participants should
refer to the Plan documents for more complete information.

The  purpose  of the  Plan  is to  encourage  and  assist  employees  of  Clarus
Corporation and its subsidiaries (the "Company"), by giving them the opportunity
to acquire an equity  interest in the Company  through the purchase of shares of
the Company's  common stock at a discount.  Generally,  eligible  employees,  as
defined  in the Plan  documents,  may  elect to have up to 15  percent  of their
annual  salary,  up to a  maximum  of  $12,500  per six month  purchase  period,
withheld to purchase the Company's common stock at a price equal to the lower of
85 percent  of the  market  price of the  Company's  common  stock at either the
beginning  or  the  end  of  the  six  month  offering  period.  There  were  no
participants  in the Plan at December  31,  2005,  2004 and 2003,  respectively.
Effective  January 1, 2001, the plan was amended and the $12,500 purchase period
limitation  was removed  from the Plan.  Each  eligible  employee  who elects to
participate  in the Plan is deemed to be granted the option at the  beginning of
each six month  period to purchase  shares of newly  issued  common stock of the
Company through regular payroll  deductions  during the period  beginning on the
first day of each six month  period and ending on the final day of the six month
period.  The market price used to calculate  the purchase  price is the lower of
85% of the price at the beginning of the six-month period or 85% of the price at
the end of the six-month period.

The Plan  allows a  participant  to  withdraw  all but not less than all payroll
deductions  credited to their account during a purchase period at any time prior
to the applicable  purchase date by giving  written  notice to the Company.  The
Plan was amended  effective August 29, 2001 to require that a withdrawal must be
made at least five business days prior to the purchase  date. No other  changes,
including increasing or decreasing the amount of payroll deductions, may be made
during the purchase period.

No  interest  will  accrue or be  payable  with  respect  to any of the  payroll
deductions  of a  Participant  in the  Plan.  All  employee  payroll  deductions
withheld by the Company under the Plan may be commingled  with the general funds
and assets of the Company and used by the Company for any corporate purpose.

The Company adopted the Plan in June 2000. A maximum of 750,000 shares of common
stock may be purchased  under the Plan.  As of December 31, 2000,  no shares had
been  purchased  under the plan. In January 2001,  $103,577 was used to purchase
17,486  shares for the period from June 13, 2000  (inception)  to the year ended
December 31, 2000. In July 2001, $155,889 was used to purchase 30,214 shares for
the period ending June 30, 2001.  In January 2002,  $30,006 was used to purchase
5,740 shares of common stock for the period  ending  December 31, 2001.  In July
2002,  $30,001 was used to purchase  7,059 shares of common stock for the period
ending June 30, 2002.


                                       6
<PAGE>

During  2003,  $9,983 was used to purchase  2,349 shares of common stock and for
the period ending December 31, 2002,  $5,173 was refunded to a participant,  who
reached the Internal Revenue Service $25,000 annual limit on the amount of stock
an employee can purchase at fair market value.

2. Accounting Policy

The accompanying financial statements have been prepared on the accrual basis of
accounting.

3. Use of Estimates

The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States of America requires  management to make
estimates that affect the amounts reported as assets,  liabilities,  and changes
therein, and the disclosure of contingent assets and liabilities. Actual results
could differ from those estimates.

4. Administrative Expenses of the Plan

The Company pays all  administrative  expenses of the Plan. The Company pays any
brokerage  fees for the  purchase of shares on behalf of the Plan  participants,
but  the   participants   pay  brokerage  fees  for  the  resale  of  shares  by
participants.

5. Federal Income Tax

The Plan is intended to comply under section 423 of the Internal Revenue Code of
1986,  as  amended.  Under  existing  federal  income tax laws,  the Plan is not
subject to federal income tax.  However,  when a participant sells any shares of
stock purchased  through the Plan, that  participant must recognize income taxes
on any gain or loss.

6. Plan Termination

Although it has not  expressed any intent to do so, the Company has the right to
terminate or amend the Plan at any time, provided,  however, that no termination
or amendment shall affect or diminish any participant's  right to the benefit of
contributions  made by the  participant  prior to the date of such  amendment or
termination.



                                       7
<PAGE>

             Report of Independent Registered Public Accounting Firm

The Board of Directors of Clarus Corporation:

We have audited the accompanying statements of Financial Condition of the Global
Employee  Stock  Purchase Plan of Clarus  Corporation  (the "Global Plan") as of
December 31, 2005 and 2004 and the related  statements of operations and changes
in plan equity for each of the years in the three-year period ended December 31,
2005.  These  financial   statements  are  the   responsibility  of  the  Plan's
management.  Our  responsibility  is to express  an  opinion on these  financial
statements based on our audits.

We conducted our audits in accordance  with the standards of the Public  Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes consideration of
internal  control  over  financial  reporting  as a basis  for  designing  audit
procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the Global Plan's internal control
over  financial  reporting.  Accordingly,  we express no such opinion.  An audit
includes  examining,  on a test  basis,  evidence  supporting  the  amounts  and
disclosures in the financial  statements.  An audit also includes  assessing the
accounting principles used and significant estimates made by management, as well
as evaluating the overall financial statement presentation.  We believe that our
audits provide a reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all material  respects,  the financial  condition of the Global  Employee  Stock
Purchase  Plan of Clarus  Corporation  as of December  31, 2005 and 2004 and the
results of its  operations  and  changes in plan equity for each of the years in
the three-year period ended December 31, 2005, in conformity with U.S. generally
accepted accounting principles.



/s/ KPMG LLP
---------------------
Stamford, Connecticut

March 7, 2006


                                       8
<PAGE>

            Global Employee Stock Purchase Plan of Clarus Corporation
                        Statements of Financial Condition
                           December 31, 2005 and 2004


                                                             2005          2004
                                                            ------        ------
ASSETS                                                      $   --        $   --
                                                            ======        ======
LIABILITIES AND PLAN EQUITY                                 $   --        $   --
                                                            ======        ======



                 See accompanying notes to financial statements


                                       9
<PAGE>

            Global Employee Stock Purchase Plan of Clarus Corporation
               Statements of Operations and Changes in Plan Equity
                  Years ended December 31, 2005, 2004 and 2003





                                                    2005       2004       2003
                                                  -------    -------    -------
 Participants' contributions, net                 $    --    $    --    $    --

 Contributions used for stock purchase                 --         --         --
                                                  -------    -------    -------
 Net change in plan equity                             --         --         --

 Plan equity, beginning of year                        --         --         --
                                                  -------    -------    -------

 Plan equity, end of year                         $    --    $    --    $    --
                                                  =======    =======    =======





                 See accompanying notes to financial statements


                                       10
<PAGE>

            Global Employee Stock Purchase Plan of Clarus Corporation
                          Notes to Financial Statements
                        December 31, 2005, 2004 and 2003

1. Description of the Plan

The following  description of the Global  Employee Stock Purchase Plan of Clarus
Corporation (the "Global Plan") provides general information only.  Participants
should refer to the Global Plan documents for more complete information.

The  purpose of the  Global  Plan is to  provide a means for  non-U.S.  resident
employees and other  employees  whose  participation  in the Clarus  Corporation
Employee  Stock  Purchase  Plan  is  impractical  or  impermissible  due  to the
constraints  of  local  law  or  otherwise  to  acquire  shares  of  the  Clarus
Corporation and its  subsidiaries  (the  "Company")  common stock at a discount.
Generally,  eligible  employees,  as defined in the Global Plan  documents,  may
elect to have up to 15  percent  of their  annual  salary,  up to a  maximum  of
$12,500 per six month purchase period, withheld to purchase the Company's common
stock at a price  equal to the lower of 85 percent  of the  market  price of the
Company's  common  stock at  either  the  beginning  or the end of the six month
offering period.  There were no participants in the Plan at December 31, 2005 or
2004 Effective  January 1, 2001,  the plan was amended and the $12,500  purchase
period  limitation was removed from the Plan. Each eligible  employee who elects
to  participate  in the Global  Plan is deemed to be  granted  the option at the
beginning  of each six month period to purchase  shares of newly  issued  common
stock of the  Company  through  regular  payroll  deductions  during  the period
beginning  on the first day of each six month period and ending on the final day
of the six month period.  The market price used to calculate the purchase  price
is the lower of 85% of the price at the beginning of the six-month period or 85%
of the price at the end of the six-month period.

The Plan  allows a  participant  to  withdraw  all but not less than all payroll
deductions  credited to their account during a purchase period at any time prior
to the applicable  purchase date by giving  written  notice to the Company.  The
Plan was amended  effective August 29, 2001 to require that a withdrawal must be
made at least five business days prior to the purchase  date. No other  changes,
including increasing or decreasing the amount of payroll deductions, may be made
during the purchase period.

No  interest  will  accrue or be  payable  with  respect  to any of the  payroll
deductions of a Participant in the Global Plan. All employee payroll  deductions
withheld by the Company under the Global Plan may be commingled with the general
funds and  assets  of the  Company  and used by the  Company  for any  corporate
purpose.

The Company adopted the Global Plan in July 2000. A maximum of 250,000 shares of
common stock may be purchased under the Global Plan. For the period from July 1,
2000 through  December 31,  2000,  $38,716 was used to purchase  4,557 shares of
common stock under the Global Plan.  In July 2001,  $36,354 was used to purchase
7,046  shares for the period  ending  June 30,  2001 under the Global  plan.  In
January 2002,  $18,584 was used to purchase 3,555 shares of common stock for the
period ending December 31, 2001. In July 2002, $9,325 was used to purchase 2,194
shares of common stock for the period ending June 30, 2002.


                                       11
<PAGE>

2. Accounting Policy

The accompanying financial statements have been prepared on the accrual basis of
accounting.

3. Use of Estimates

The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States of America requires  management to make
estimates that affect the amounts reported as assets,  liabilities,  and changes
therein, and the disclosure of contingent assets and liabilities. Actual results
could differ from those estimates.

4. Administrative Expenses of the Global Plan

The Company pays all  administrative  expenses of the Global  Plan.  The Company
pays any brokerage  fees for the purchase of shares on behalf of the Global Plan
participants,  but the  participants pay brokerage fees for the resale of shares
by participants.

5. Federal Income Tax

The Global Plan is not  intended  to comply  under  section 423 of the  Internal
Revenue Code of 1986,  as amended.  The Global Plan is  principally  designed to
provide a means for  non-U.S.  resident  employees  and  other  employees  whose
participation  in  the  Clarus  Corporation  Employee  Stock  Purchase  Plan  is
impractical or impermissible due to the constraints of local law or otherwise to
acquire shares of the Company's common stock

6. Plan Termination

Although it has not  expressed any intent to do so, the Company has the right to
terminate or amend the Plan at any time, provided,  however, that no termination
or amendment shall affect or diminish any participant's  right to the benefit of
contributions  made by the  participant  prior to the date of such  amendment or
termination.


                                       12
<PAGE>

                                   SIGNATURES

Pursuant to the requirements of the Securities  Exchange Act of 1934, the Plans'
Administrator  has duly caused this annual  report to be signed on its behalf by
the undersigned hereunto duly authorized.

Employee Stock Purchase Plan of Clarus Corporation
Global Employee Stock Purchase Plan of Clarus Corporation

By:

/s/ NIGEL P. EKERN                        Chief Administrative Officer
------------------------------
Nigel P. Ekern


/s/ SUSAN LUCKFIELD                       Chief Accounting Officer
------------------------------
Susan Luckfield

Dated: March 9, 2006


                                       13
<PAGE>

                                  EXHIBIT INDEX


 Exhibit
 Number
---------
  23.1      Consent of Independent  Registered Public Accounting Firm - Employee
            Stock Purchase Plan Clarus Corporation

  23.2      Consent of Independent  Registered  Public  Accounting Firm - Global
            Employee Stock Purchase Plan of Clarus Corporation



                                       14
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</DOCUMENT>
