Varicent Software Ranked Number One in PROFIT 100 Ranking of Canada's Fastest-Growing Companies

TORONTO, June 2 /PRNewswire/ -- Varicent Software, an innovator and global leader in providing Incentive Compensation and Sales Performance Management solutions, today announced it has ranked first in the 22nd annual PROFIT 100 ranking of Canada's Fastest-Growing Companies by PROFIT Magazine.

"We are extremely proud of our performance, and PROFIT Magazine's recognition of our accomplishments," says Dan Shimmerman, President and CEO, Varicent.  "Varicent's success is the result of our entire team's hard work and commitment, as well as our shared dedication to delivering value to our global customers.  We look forward to continuing our growth, and building upon our position as a global leader in the Sales Performance Management market."

Ranking Canada's Fastest-Growing Companies by five-year revenue growth, the PROFIT 100 profiles the country's most successful growth companies. Published in the June issue of PROFIT and online at profit100.com, the PROFIT 100 is Canada's largest annual celebration of entrepreneurial achievement.

"Canada's Fastest-Growing Companies are the poster children for entrepreneurship, innovation and pure tenacity," says Ian Portsmouth, editor of PROFIT.  "They demonstrate what it takes to succeed in today's highly competitive, technology-driven global economy."

Varicent delivers the most innovative approach to effectively managing an organization's variable compensation programs and processes. By adopting Varicent's solution, companies of all sizes are able to save time, money and effort currently being wasted on inefficient processes. They are also able to improve the productivity of their sales force by directly aligning their selling behavior to their overall corporate objectives.

About PROFIT Magazine

PROFIT: Your Guide to Business Success is Canada's preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses.  For 28 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it's a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at www.profitmagazine.ca.

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 Waste Management, Convoy Financial Group, Sherwin-Williams, Manpower, Getty Images, Starwood Hotels, Sun Hung Kai Financial, and many others. For more information, please visit www.varicent.com.

©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.

SOURCE Varicent Software Incorporated