2009 Shows Continuing Growth and Influence with Record First Quarter


CHICAGO, May 4 /PRNewswire/ --

- Varicent's SPM leadership position further validated by market and
industry

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
       on-demand offering
    -- 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
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
                http://www.varicent.com

© PR Newswire Association LLC.

News archive

Subscribe to AfterDawn's weekly newsletter.