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February 14,  2012 (Sydney, Australia) - Varicent Software Incorporated, the leading innovator and provider of incentive compensation and sales performance management (SPM) solutions, announced today the appointment of Keith Flanagan as Country Manager for Australia. In this new role, Flanagan will be responsible for managing the company’s growth in Australia, building the Varicent brand’s presence among partners and customers and expanding Varicent’s service offering in support of global and local brands.

Currently based in Melbourne, Flanagan brings over two decades of experience in the IT sector to Varicent’s Australian operations. Having worked with organisations such as Lucent Technologies, Verint and many of Australia’s largest System Integrators, Flanagan’s depth of experience will enable Varicent to expand their Australian operations and provide effective incentive compensation and sales performance management solutions to Australian companies.

“I’m delighted to have somebody of Flanagan’s caliber representing Varicent in Australia. His experience in successfully managing deployments and multimillion dollar IT ventures complements Varicent’s recent expansion into the Australian market as well as its outstanding global reputation”, stated Steve Darcy, APAC Sales Director, Varicent Software Incorporated.

“Varicent has a strong global network and I am looking forward to building on its successes in Australia,” said Flanagan. “We have already begun to make our mark in the local market, which is a reflection on the strength of Varicent solutions, andI am excited to lead the team as we continue to grow our local customer base and solution offering.” he added.

In addition to the appointment of Flanagan as Country Manager, Varicent has also announced that Brad Jones will be joining the local team to drive product and sales incentive strategies. Now based in Melbourne, Brad has spent the past 3 years with Varicent and has over 8 years’ total experience in enterprise level software implementations.

About Varicent Software Incorporated

Varicent Software Incorporated, a global pioneer in Incentive Compensation and Sales Performance Management, delivers innovative, industry-leading solutions for finance, sales, human resources and IT departments in high-performing companies across industries. Varicent solutions streamline administrative processes, maximize efficiencies and drive improved sales performance. In addition to ranking in the top 5 two years running, in the PROFIT 200 list of Canada’s Fastest Growing Companies by PROFIT Magazine, Varicent was named the highest overall “hot” vendor in the Ventana Research 2011 SPM Value Index, and was ranked the fastest growing software company on Deloitte’s 2010 Technology Fast 500. For more information, visit www.varicent.com, the Varicent Blog, or connect with us on Twitter, Facebook and LinkedIn.

©2012 Varicent Software Incorporated. 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.