David Mahoney, Award-Winning Executive, Former CEO of Applix and Banyan, Named to Varicent Software's Board of Directors



    TORONTO, July 29 /CNW/ -- Varicent Software, the only provider of
complete solutions for sales performance management (SPM), announced today
that David Mahoney has joined Varicent's board of directors.
    

    
    Mahoney was most recently the CEO of Applix, a provider of business
performance management (BPM) and business intelligence (BI) software.  While
in this role he increased the value of Applix more than 800 percent, and
completed a successful acquisition by Cognos, an IBM Company.  In his role at
Applix, Mahoney was named a 2005 New England High Tech All-Star for his work
turning around Applix.  Among his other many career highlights, Mahoney
founded and served as CEO with Banyan Systems, the first network operation
system product company.
    

    
    "Since Varicent's founding, I've admired Dan and his management team's
vision and drive to be the leader in the Sales Performance Management market,"
said David Mahoney.  "I am eager to help them continue the company's success
and growth."
    

    
    "David Mahoney has deep experience guiding high tech companies," said Dan
Shimmerman, president, Varicent.  "His experience, combined with his proven
track record, will be an invaluable contribution to our Board of Directors. 
We welcome David to our team."
    

    About Varicent
    
    Varicent Software Incorporated delivers the most innovative sales
performance management solution addressing the needs of business professionals
across the entire enterprise.  High performing companies relying on Varicent
for better visibility and control of their complex variable compensation
programs, automating the assignment of territories, the collection and
approval of quotas, and reporting and analyzing sales performance include
Waste Management, KLA-Tencor, AAA, Sonus Networks, Manpower, Smith & Nephew,
Nexient Learning and many others.
    

    
    (C)2008 Varicent Software. All rights reserved. Varicent, Varicent SPM
and Varicent Composer are trademarks of Varicent Software.
    

    
    All other trademarks and company names mentioned are the property of
their respective owners.
    

    http://www.varicent.com



    




For further information:

For further information: Kelley Lynn Kassa of Varicent Software,
+1-617-600-4700, kkassa@varicent.com Web Site: http://www.varicent.com

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VARICENT SOFTWARE INCORPORATED

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