Varicent's SPM leadership position further validated by market and
CHICAGO, May 4 /CNW/ -- Varicent Software, an innovator and provider of
incentive compensation management (ICM) and sales performance management (SPM)
solutions, today announced continued upward momentum for Q1 2009.
Varicent recorded 100% revenue growth quarter over quarter for Q1, which
is in line with previous record quarters. Market penetration continued, with
new customers across diverse industries including retail, publishing,
technology, telecommunications and medical devices.
"In looking at who's adopting Varicent, we can confidently state that the
need for automated and comprehensive sales performance management spans across
all industries," says Dan Shimmerman, CEO. "As organizations face the
challenge of driving revenues while managing the bottom line they are becoming
increasingly reliant on timely, accurate and actionable information to drive
their businesses. They need to see value from their technology investments,
and they're getting that value from Varicent - in actual dollars and
measurable efficiency gains."
Key business developments in Q1 include:
-- Customer growth fueled by substantial adoption of Varicent SPM
-- Announcement of INSIGHT09, Varicent's first user conference; bringing
together the SPM community to learn about Varicent's direction, hear
about product updates and share experiences with other clients and
partners. Presenters include Varicent management, Accenture,
Deloitte, Watson Wyatt and several customers.
-- Industry veteran, Bruce Jackson hired as VP, Solutions Consulting to
apply his expertise on an operational level to sales, marketing,
delivery and product management.
Industry Recognition includes:
-- Cited as one of the "Companies to Watch" in Intelligent Enterprise's
2009 Editors' Choice Awards.
-- Received BPM Partners "Beyond the Hype" Award for being an innovator
in a specialized BPM category and for providing true SPM.
"Our achievements up until now, and especially throughout the last
quarter, are a strong signal that the market, despite an economic downturn,
recognizes the value of Sales Performance Management," continued Shimmerman.
"We are thrilled that Varicent's dedication to client success, commitment to
innovation and investment in partner relationships has resulted in significant
adoption of Varicent SPM."
About Varicent Software Incorporated
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, Linksys by Cisco, Sherwin-Williams, Manpower, Autodesk,
Getty Images, Starwood Hotels, Time Customer Service, and many others.
All rights reserved. Varicent and Varicent SPM are trademarks of Varicent
All other trademarks and company names mentioned are the property of
their respective owners.
Contact: Brian Hartlen
For further information:
For further information: Brian Hartlen of Varicent Software,
+1-416-987-1241, firstname.lastname@example.org Web Site: http://www.varicent.com