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June 25, 2007
Varicent Expands West Coast Operations
Portland Office Relocates to Bigger Space, Adds Employees to Better Service Rapidly Expanding Varicent Customer Base

(Toronto and Portland, Oregon) – Varicent Software, the only provider of complete solutions for sales performance management (SPM) today announced it has significantly expanded its West Coast operations, based in Portland, Oregon, by relocating to bigger office space near downtown Portland and hiring more staff in the sales operations department.

"Varicent has been acquiring new customers at a market-leading rate," said Dan Shimmerman, president and CEO, Varicent. "To better serve our existing and new customers and to support our efforts in continuing to expand our customer base, we saw a need to expand our West Coast operations."

Varicent's Portland office, located on SW Griffin Drive, will service all of Varicent's North American customers and help support the company's global expansion.

The sales performance management market is an emerging and rapidly growing market. According to a recent survey by BPM Partners, more than 75 percent of companies implementing business performance management initiatives will include sales operations in their performance management plans. Gartner forecasts the business performance management/corporate performance management market to grow to more than $900 million by 2009.

Varicent has been recognized as a hot, rapidly growing leader in the sales performance management market.

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