MEDIA RELEASE PR39540
Varicent Starts Off Strong in 2010
TORONTO, May 17 /PRNewswire-AsiaNet/ --
Highlights of Q1 include new customer adoption and prestigious
industry recognition
Varicent Software, an innovator and global leader in providing Incentive
Compensation and Sales Performance Management solutions is proud to announce
a successful Q1. Highlights from the first quarter include new customer
acquisitions, industry recognition from leading research firm Gartner, and
the completion of a research study among senior finance executives on sales
incentive compensation management. The study was conducted by CFO Research
Services and underwritten by Varicent.
"We are excited to have started the year 2010 on such a positive note,"
said Dan Shimmerman, President and CEO, Varicent. "With our innovative
solution and a dedicated and talented team, Varicent is poised to continue to
lead and shape this burgeoning market space. More organizations are starting
to see that automating incentive compensation and sales performance
management is no longer a nice to have but a requirement."
Throughout Q1, Varicent's SPM solution was adopted by various customers
in a variety of industries including Financial Services, Medical Device and
High-Tech. By using Varicent's complete sales performance management
application, companies are able to drive down the cost and time of their
sales administration, improve the visibility into their sales behavior, and
improve the overall effectiveness of their sales efforts.
Varicent was recognized with a 'positive' rating in the 2010 Gartner
Research report entitled "MarketScope for Sales Incentive Compensation
Management Software."
"We believe that receiving a positive rating from Gartner is a great
testament to the success of our ability to serve this market with our
innovative solution, expanding partner network, service excellence and global
support," said Brian Hartlen, VP Marketing, Varicent.
Also in Q1, Varicent announced the completion of a new research study
entitled "Managing Sales Incentive Compensation Amid Uncertainty." The report
was prepared by CFO Research Services and underwritten by Varicent, and draws
on over 150 survey responses from senior finance executives about their views
on sales incentive compensation management. The report focuses on a variety
of important topics including, how effective compensation models can boost
sales productivity, the need to accurately & easily manage complex incentive
plans and the importance of clear visibility into sales behavior.
Varicent continues to grow its organization in support of customers
adding nearly 40 new employees globally in the areas of customer support and
development.
Varicent is looking forward to its second annual user conference,
INSIGHT10 taking place May 16-19 in Scottsdale, Arizona. Attendees will hear
the latest in best practices and industry trends, have the opportunity to
meet and network with other Varicent users as well as industry thought
leaders, and meet with product experts. The conference speaker roster
includes executives from General Electric, Deloitte and Accenture, as well as
other Varicent customers and product experts.
About Varicent Software Incorporated
Varicent Software Incorporated is an innovative software solutions
provider delivering measurable improvements to its clients businesses through
its industry-leading sales performance management solution Varicent SPM.
Varicent's customers are high-performing companies representing a variety of
industries and include Waste Management, Convoy Financial Group,
Sherwin-Williams, Manpower, Getty Images, Starwood Hotels, Sun Hung Kai
Financial, and many others. For more information, please visit
(c)2010 Varicent Software. All rights reserved. Varicent and Varicent SPM
are trademarks of Varicent Software Incorporated.
All other trademarks and company names mentioned are the property of
their respective owners.
Contact: Brian Hartlen
Varicent Software
T: +1-416-987-1241
E: bhartlen@varicent.com
SOURCE: Varicent Software Incorporated
CONTACT: Brian Hartlen of Varicent Software,
+1-416-987-1241,
bhartlen@varicent.com
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