Varicent - Press Releases

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(Toronto, ON) – Varicent Software Incorporated, the only provider of complete solutions for sales performance management (SPM), today announced Jordan Shnier has joined the company as vice president of finance. In his role, Shnier will oversee all areas of finance and administration for Varicent.

"Varicent is rapidly growing to meet the needs of our expanding customer base," said Dan Shimmerman, CEO, Varicent. "As we add more and more global enterprise customers, we are carefully expanding our own infrastructure. Jordan brings us expertise in shepherding start-up technology firms to become significant market players."

Shnier is a Chartered Accountant who most recently worked with a Toronto-based private equity firm where he was responsible for overseeing all financial requirements, while also providing operational guidance to the firm's portfolio companies. Prior to that, Shnier served as an independent financial consultant to various technology start ups. His experience also includes five years with Deloitte and Touche, and leading the financial function at Davinci Technologies through its development and growth phase that ultimately led to a sale to CSG Systems (Nasdaq: CSGS).

Varicent was recently named the "Best New Vendor" in its space and provides sales performance management software to global enterprises. Sales performance management is an aspect of business performance management focusing on extending best practices into sales operations. Comprehensive SPM software includes planning, modeling, dashboarding and reporting, managing territories, commission and incentive calculations and analytics. SPM enables companies to understand the economic impact of variable compensation programs.

About Varicent

Varicent Software Incorporated delivers the only complete sales performance management solution addressing the needs of the entire corporation. High performing companies relying on Varicent for better visibility and control of variable compensation programs include KLA-Tencor (NASDAQ: KLAC), Starwood Hotels and Resorts (NYSE: HOT), Waste Management (NYSE: WMI), Rogers (TSX: RCI), About.com (A New York Times Company), and Pacific Blue Cross.

For more information on Varicent, please visit http://www.varicent.com.