Varicent Software Incorporated has announced a record Q4, highlighted by significant new customer acquisitions, customer go-lives, industry recognition and the most successful annual customer conference to date.
With 93% bookings growth over the same period in 2010 and year over year bookings growth of 73%, Varicent has extended its position as the preferred vendor of incentive compensation and sales performance management solutions. While Varicent continues to serve organizations in many industries, it is notable that many of the new customers came from insurance, banking, retail and medical device sectors. Noteworthy customer expansion came in hospitality, technology, telecommunications and retail industries. In addition, strong contribution to this growth came from Asia Pacific and EMEA regions.
"It is great to see all the new customers, but I am particularly excited to see a number of our existing customers deploying our solutions in additional markets, divisions and countries. This is a testament to the value that they are getting from Varicent," said Dan Shimmerman, President and CEO, Varicent.
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