Varicent's SPM leadership position further validated by market and industry
CHICAGO, May 4 /PRNewswire-Asia/ -- Varicent Software, an innovator and provider of incentive compensation management (ICM) and sales performance management (SPM) solutions, today announced continued upward momentum for Q1 2009.
Varicent recorded 100% revenue growth quarter over quarter for Q1, which is in line with previous record quarters. Market penetration continued, with new customers across diverse industries including retail, publishing, technology, telecommunications and medical devices.
"In looking at who's adopting Varicent, we can confidently state that the need for automated and comprehensive sales performance management spans across all industries," says Dan Shimmerman, CEO. "As organizations face the challenge of driving revenues while managing the bottom line they are becoming increasingly reliant on timely, accurate and actionable information to drive their businesses. They need to see value from their technology investments, and they're getting that value from Varicent - in actual dollars and measurable efficiency gains."
Key business developments in Q1 include:
-- Customer growth fueled by substantial adoption of Varicent SPM
on-demand offering
-- Announcement of INSIGHT09, Varicent's first user conference; bringing
together the SPM community to learn about Varicent's direction, hear
about product updates and share experiences with other clients and
partners. Presenters include Varicent management, Accenture, Deloitte,
Watson Wyatt and several customers.
-- Industry veteran, Bruce Jackson hired as VP, Solutions Consulting to
apply his expertise on an operational level to sales, marketing,
delivery and product management.
Industry Recognition includes:
-- Cited as one of the "Companies to Watch" in Intelligent Enterprise's
2009 Editors' Choice Awards.
-- Received BPM Partners "Beyond the Hype" Award for being an innovator in
a specialized BPM category and for providing true SPM.
"Our achievements up until now, and especially throughout the last quarter, are a strong signal that the market, despite an economic downturn, recognizes the value of Sales Performance Management," continued Shimmerman. "We are thrilled that Varicent's dedication to client success, commitment to innovation and investment in partner relationships has resulted in significant adoption of Varicent SPM."
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.
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.
