Varicent Announces Best Year Ever: Varicent Software Incorporated starts 2012 on the heels of a successful and productive year of growth. 2011 was highlighted by new customer acquisitions, product enhancements and an expanded management team. In addition, Varicent launched a formalized philanthropic program to encourage charitable endeavors and community involvement throughout its global organization.
Vergrößern Varicent Announces Best Year Ever | Bild: © JLGutierrez

?We have very strong momentum heading into 2012,? said Dan Shimmerman, President and CEO, Varicent. ?We are equally excited about the opportunities ahead and have some great products in our pipeline," continued Shimmerman. ?I am also particularly proud of our employee?s contribution to our new philanthropic program, the Varicent Foundation.?

2011 highlights include:

CUSTOMERS

Over the course of 2011, Varicent extended its reach throughout the world, with new customer acquisitions from many industry sectors including insurance, banking, retail, telecom and technology. Furthermore, the continued success of Varicent Business Edition reflected the widespread demand for Sales Performance Management solutions for small and medium sized enterprises. Some of the customers announced in 2011 included Ainsworth Inc., Quantum Corp., SugarCRM, Phonak, Reliance Standard Life Insurance, Silverpop, Tribune, Casual Male Retail Group, Inc., Maritz, mBlox, AAA Northern California, Nevada & Utah and Ventana Medical Systems, Inc.

?The year ended with a flourish culminating in a fantastic quarter,? said Marc Altshuller, Executive Vice President, Worldwide Field Operations. ?This was the largest quarter in the history of Varicent for customer add-ons, second best quarter for new contracts, and the third best quarter for new customers in our company?s history. In addition, we are particularly happy to see growth in our international markets highlighted by new customers in the UK, Spain, Germany and Mexico.?

LEADERSHIP

Varicent welcomed Donna de Winter to the Management Team as Chief Financial Officer. De Winter assumed responsibility for all areas of finance, accounting, infrastructure and human resources. Varicent?s leadership team was further extended to include Beth Carroll, previously Director of Global Services at Varicent, who assumed the new role of Vice President, Customer Success. Mike Meisenheimer, an expert in sales compensation and sales operations, also joined Varicent as Director of Industry Solutions.

?The extension of our senior leadership team bolsters our thought leadership and industry expertise which enables our customers to realize the greatest possible return on their investment in our solution,? continued Shimmerman.

REVENUE

In 2011, Varicent?s recurring revenue stream grew by 42% and sales revenue increased by nearly 40% for the comparative period of July 1 ? December 31 the year prior. In the last half of 2011, 20 new customers were added to Varicent?s base. Furthermore, Varicent completed notable go-lives in several industry segments including hospitality, medical devices, retail, insurance and financial services.

CORPORATE SOCIAL RESPONSIBILITY

2011 marked the launch of the Varicent Foundation, which is devoted to philanthropic efforts involving children, their education and technology enablement. Through the foundation, Varicent has rolled out a volunteer day program whereby each employee may take one paid day per year to devote their time to the philanthropy of their choice. The Foundation is Varicent?s vehicle to engage employees in meaningful community work and to support those causes that are aligned with its mission.

ADDITIONAL HIGHLIGHTS

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 http://www.varicent.com or connect with us on the Varicent Blog, 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.