Strellmax Standardizes Incentive Compensation Management Using Varicent SPM

January 5th, 2006 (Toronto, ON) – Varicent Software Incorporated, a leader in incentive and sales performance management (SPM) solutions, today announced that Strellmax Incorporated, an international distributor of men’s and ladies fashion apparel, has purchased Varicent’s Sales Performance Management (SPM) solution, Varicent SPM v2.1.  Strellmax will use Varicent SPM to calculate commissions for its North American sales agents, and to analyze sales metrics across its men’s product lines.

“Going forward, we want to accurately measure sales performance across our different clothing lines,” stated Mark Altow, President of Strellmax.  “Our commission plans need to be structured to motivate our agents to sell more units of our higher margin items, and sell complementary lines into our existing customer base.  Varicent will help us execute and effectively monitor progress toward this corporate objective.”

"The fashion business is a highly competitive, cyclical and complex business," added Marc Altshuller, Varicent’s Sales Vice President.  “We believe that Strellmax’s adoption of Varicent to manage its sales performance and incentive analytics – a critical component of its business – will be a huge short and long-term competitive advantage for the company.  Strellmax’s selection of Varicent is further testament to the power and flexibility of our solution.”

About Varicent

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.

About Strellmax

Strellmax Incorporated is an distributor of men’s fashion apparel, under the internationally recognized brand name STRELLSON.  The STRELLSON collection consists of: suits, blazers, trousers, overcoats, jackets, shirts, ties, sportswear, leather and knitwear, and from Spring/Summer 2002 belts, socks, shoes and underwear.  For more information on the company, please visit www.strellson.com.