TORONTO, August 28 /PRNewswire/ --

- Company Sought Solution to Facilitate Flexible, Changing Incentive
Compensation Plans

Varicent Software, an innovator and provider of sales performance
management (SPM) solutions, today announced its solution, Varicent SPM, has
been selected by medical devices company Smith & Nephew (LSE: SN; NYSE: SNN),
to manage, model, analyze and report on incentive compensation plans and
sales performance. Varicent SPM was selected after a comprehensive
competitive evaluation.

"We have two primary goals in adopting sales performance management,"
said Mark Towne, Director Global Information Services, Smith & Nephew, Inc.
"The first was to find a solution that would allow us to quickly model new
plans in order to keep up with the ever changing requirement of our business.
The second goal was to select a sales performance management platform that
our many divisions can standardize on, making our processes and procedures
uniform across the business. Varicent SPM was selected based on their ability
to provide us the speed, flexibility and visibility for our sales
compensation across all of our business units."

"We are excited to add Smith & Nephew to our growing list of customers,"
said Brian Hartlen, vice president of marketing, Varicent. "We are pleased
that they chose Varicent to be a key contributor to their overall goal of
improving sales effectiveness."

Using Varicent SPM, companies can efficiently and effectively manage and
automate the process of calculating and reporting variable-based pay,
providing more visibility and accountability into one of the organization's
largest variable expenses.

In a phased deployment, Smith & Nephew will use Varicent SPM for
incentive compensation management (ICM), Territory Management and Quota
Planning across the Orthopedics, Endoscopy, and Advanced Wound Management
divisions.

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, American Century Investments, Rogers, About.com (a New York Times
company), and many others.

About Smith & Nephew

Smith & Nephew is a global medical technology business, specializing in
Orthopedic Reconstruction, Orthopedic Trauma and Clinical Therapies,
Endoscopy and Advanced Wound Management products. Smith & Nephew is a global
leader in arthroscopy and advanced wound management and is one of the leading
global orthopedics companies.

Smith & Nephew is dedicated to helping improve people's lives. The
Company prides itself on the strength of its relationships with its surgeons
and professional healthcare customers, with whom its name is synonymous with
high standards of performance, innovation and trust. The Company operates in
32 countries around the world. Annual sales in 2007 were US$3.4 billion.

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.

Web site: http://www.varicent.com