Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5af58eff-4535-4698-97dd-fb21c4d9e71f&Preview=1
Date 10/27/2009
Company Name Varicent Software
Mailing Address 4900 SW Griffith Drive Beaverton, OR 97005
Company Description Varicent Software Incorporated delivers the only complete sales performance management (SPM) solution addressing the needs of the entire corporation. Sales performance management, a subset of corporate performance management (CPM) – or business performance management (BPM) – focuses on sales planning, modeling and dashboarding, quota and territory management, sales commission and incentive calculations, and sales analytics. Varicent’s flagship product, Varicent SPM, helps companies better manage, measure and understand the economic impact of their variable compensation programs.
Proceeds Purposes The funds raised will allow Varicent to continue its momentum as the leader in the SPM market. The company plans to further expand its international business, building on the successful launch of EMEA and APAC operations earlier in the year, accelerate the development of new features and functionality in its innovative sales performance management solution, Varicent SPM, broaden its reach into new verticals, and advance its mid-market penetration.