Varicent - Press Releases

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(Toronto, ON) – Varicent™ Software, the only provider of complete solutions for sales performance management (SPM), today announced outstanding sales results for the first quarter of 2007. This breakout quarter included significant large customer wins, pushing the envelope of the number of payees relying on Varicent to deliver accurately and timely information on pay-for-performance programs.

"Numerous studies and analyst reports all indicate that performance management solutions such as Varicent SPM are high on the priority list of corporations today," said Dan Shimmerman, CEO, Varicent. "Our first quarter sales results, which increased significantly and builds on nearly 15 quarters of profitability, is proof that SPM is a real need in the marketplace and that large companies are investing in the solution."

New customers selecting Varicent over competitors include: American Century Investments, AmSan, CommVault, IBERIABANK, Rogers Communications, SpectraLogic, Towne Group, Waste Management and more.

Additionally, Varicent achieved several corporate milestones this quarter, including:

• Hiring Jordan Shnier, vice president of finance;
• Appointing Mark Girvan vice president of business development;
• Continued expansion of the U.S. sales force, recruiting corporate performance management, business intelligence and accounting software veterans; and
• Establishing a sales support office in Portland, Oregon.