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INTERNET | Internet Software & Services / Accounting & Finance
concertfinance.com

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Founded Year

2017

Stage

Acquired | Acquired

Total Raised

$2.52M

About Concert Finance

Concert Finance automates financial reporting for sales commissions.On August 10th, 2021, Concert Finance was acquired by Varicent. Terms of the transaction were not disclosed.

Concert Finance Headquarter Location

7 W. 18th St. 5th Fl.

New York, New York, 10010,

United States

Latest Concert Finance News

Varicent acquires commissions software startup Concert Finance

Aug 26, 2021

Varicent acquires commissions software startup Concert Finance Published: 26-08-2021 13:45:58 | By: Bob Koigi | hits: 24 | Tags: Varicent, a provider of incentive compensation and sales performance management solutions, has acquired Concert Finance (Concert), an innovative provider of commissions software designed by compensation experts. The move to acquire Concert Finance first started in May when Concert was looking to scale its rapid growth, and Varicent was looking to expand its Incentive Compensation Management (ICM) portfolio into the SMB market. The deal closed on July 9, 2021. Marc Altshuller , CEO, Varicent: “This is acquisition perfectly aligns Varicent and Concert Finance’s growth strategies and will benefit all of our customers over time. What I’m most excited about is Concert’s no-formula approach to plan building, coupled with their innovative behavioral science driven approach to designing and deploying compensation plans. These are things that our existing customers are going to be excited to see us add to the enterprise and mid-market products.” The acquisition of Concert Finance fits into Varicent’s strategy to create the most comprehensive, innovative, and scalable Sales Performance Management portfolio available on the market. By acquiring Concert Finance, Varicent can further expand its ability to help organizations worldwide drive growth and achieve maximum ROI. Effective immediately, Concert will receive additional investment and exceptional talent and experience to help them scale, and Varicent completes its sales performance management portfolio from end-to-end to give all its customers multiple entry points and room to grow. Sanj Sanampudi , CEO and co-founder, Concert Finance: “The math of sales comp isn’t that hard. Growing companies need more than just a spreadsheet in the cloud. Concert Finance grew six times over the last year because our platform provides much needed expertise on how to run a great comp program: designing plans, documentation, payroll and accounting. As our customers continue their explosive growth, it became clear that supporting the exponential complexity that comes with Enterprise scale is critical. Joining the leader in the enterprise SPM space was a no-brainer. We’re thrilled to give Concert’s customers and prospects a platform that grows seamlessly from Startup to Enterprise.”

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Expert Collections containing Concert Finance

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Concert Finance is included in 1 Expert Collection, including Fintech.

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Fintech

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US-based companies

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