Varicent - Press Releases

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(Toronto, ON) – 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.