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(Toronto, ON) – Varicent Software Incorporated, an innovator and leading provider of incentive compensation and sales performance management (SPM) solutions today announced that Kronos Incorporated has selected Varicent to manage incentive compensation and performance across its sales and services organizations. Kronos delivers time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics solutions to organizations of all sizes.

The Varicent SPM solution was chosen based on Varicent's ability to deliver flexibility and efficiency, providing Kronos with an effective and efficient solution for its incentive compensation and sales performance management needs.

Varicent was designed to be administered and maintained by business users allowing them to own the entire compensation process for their sales and service organization. By using Varicent, the Kronos compensation team gains the ability to generate and deliver extensive reports and analytics quickly and effortlessly.

"After a thorough examination, we were impressed with Varicent's robust technology, industry expertise, company momentum and great reputation," said John Butler, Vice President of Finance, Kronos Incorporated. "Varicent will help Kronos keep pace with our rapidly changing business environment and drive performance through comprehensive reporting and analytics," continued Butler. Varicent SPM will handle more than a dozen plans that vary in structure and pull data in from multiple systems.

"We are excited to partner with Kronos and look forward to a successful relationship," said Marc Altshuller, Executive Vice President Worldwide Field Operations. "Organizations are quickly recognizing the value Varicent offers for enabling visibility, flexibility and speed into incentive compensation plans and the performance of their sales and services organizations."

About Kronos Incorporated
Kronos is the global leader in workforce management solutions that enable organizations to control labor costs, minimize compliance risk, and improve workforce productivity. Tens of thousands of organizations in 60 countries - including more than half of the Fortune 1000® - use Kronos time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics applications. www.kronos.com

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. www.varicent.com