Varicent SPM 2.0

Toronto, ON - November 1, 2005 -– Varicent Software Incorporated, a leader in incentive and sales performance management (SPM) solutions, today announced the release of Varicent SPM v2.0, as well as all Varicent add-on modules.  This major release includes a number of significant new features that further extends the functionality, performance and technology of Varicent’s flagship product, Varicent SPM.

"This release builds on many of the exciting new features contained in our previous version," stated Neil Whitney, VP of Development for Varicent.  "Our strong development team has remained focused on hitting the objectives defined in our product roadmap.  We set the bar high, and our results to date have been exemplary."

“With these new software enhancements and modules, the Varicent system becomes an even more powerful business process tool,” said Dan Shimmerman, CEO of Varicent. “By automating and managing the design of commission plans, our system ultimately makes our customers’ sales operations more efficient, which leads to organizational performance improvements.”

New Features in Varicent SPM v2.0

• Dashboard Intelligence Wizard
• Automated Data Load Scheduler for “On-Demand” or “Scheduled” feeds
• Quota Management
• Workflow Administration
• Role-Based Security
• “Export-to-Excel” Report and Pivot Views
• Support for Terminated Employees
• Date-based Commission Plans
• Transactional Audit Trail
• Copy/Paste Plans & Calculations via Hotkeys
• Activate/De-activate Commission Plans
• Plan Calculation Preview Mode
• Web-based User Reporting
• Multi-Currency Support

New Technology Improvements in Varicent SPM v2.0

• Data Import supports wild cards, auto-match mapping, splitting, concatenation
• Calculation engine performance improvements
• Import speed improvements
• Support for Oracle and DB2 relational databases
• Direct G/L Integration
• Scalability Improvements

About Varicent Software

Varicent Software Incorporated is a leading provider of Sales Performance Management (SPM) solutions.  Varicent’s flagship product, Varicent SPM, enables organizations across multiple industries to effectively design and mange incentive pay calculations across the company.  Varicent SPM is a web-based solution built on Microsoft’s .NET framework, and its patented rules-based calculation engine can manage the most complex compensation plans. Varicent’s homepage is http://www.varicent.com.