TORONTO: The leading innovator in incentive compensation (ICM) and sales
performance management (SPM) solutions, Varicent Software Incorporated today
announced that it ranked number 1 in the software category and number 6
overall on Technology Fast 500(TM), Deloitte's ranking of 500 of the fastest
growing technology, media, telecommunications, life sciences and clean
technology companies in North America. Rankings are based on percentage of
fiscal year revenue growth during the period from 2005-2009. Varicent grew
40,269 percent during this period.
"It's an honor to be part of the Deloitte Technology Fast 500," said Dan
Shimmerman, CEO, Varicent Software. "This significant milestone is a
testament to the vibrancy of the Sales Performance Management market, and to
the dedication and hard work of our employees. Their passion to deliver
innovative solutions that continue to push the boundaries of incentive
compensation and sales performance management solutions have been a real
driver of our growth," continued Shimmerman.
Deloitte's Technology Fast 500(TM) recognizes innovative companies that
have broken down barriers to success and defied the odds with their
outstanding five-year revenue growth. Overall, Technology Fast 500(TM) award
winners for 2010 had revenue growth ranging from 146 percent to 164,079
percent from 2005 to 2009, with an average growth of 2,361 percent.
"With its remarkable growth from 2005 to 2009, Varicent has earned its
position among the fastest growing technology, media, telecommunications,
life sciences and clean technology companies in North America and deserves
our congratulations," said John Ruffolo, National Leader, Technology, Media &
Telecommunications Industry Group, Deloitte Canada. "Deloitte is proud to
honor Varicent for this accomplishment."
This is Varicent's first year on the Deloitte Technology Fast 500(TM)
list.
For additional details on the Technology Fast 500(TM) including
qualifying criteria, visit http://www.fast500.com.
About Varicent Software Incorporated
Varicent Software Incorporated is an innovative software solutions
provider delivering measurable improvements to its clients businesses through
its industry-leading sales performance management solution Varicent SPM.
Varicent's customers are high-performing companies representing a variety of
industries and include Covidien, Convoy Financial Group, Sherwin-Williams,
Manpower, Getty Images, Starwood Hotels, Sun Hung Kai Financial, and many
others. For more information, please visit http://www.varicent.com.
About Deloitte
As used in this document, "Deloitte" means Deloitte LLP and its
subsidiaries. Please see http://www.deloitte.com/us/about for a detailed
description of the legal structure of Deloitte LLP and its subsidiaries.
(c)2010 Varicent Software. 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.
Contact: Brian Hartlen
Varicent Software
T: +1-416-987-1241
E: bhartlen@varicent.com
http://www.varicent.com
