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Varicent Software

varicent.com

Founded Year

2005

Stage

Acquired Unit - Fin | Alive

Total Raised

$35M

About Varicent Software

Varicent is a software provider delivering measurable improvements for its customers through incentive compensation and sales performance management solutions. The company offers an Enterprise Solution, and a Mid-Market Solution for companies who often face different compensation and management challenges.On November 26, 2019, Varicent was acquired by Great Hill Partners and Spectrum Equity. The terms of the agreement were not disclosed.

Headquarters Location

P.O. Box 330 36 York Mills Road - Suite 200

Toronto, Ontario,

Canada

416-480-9825

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Research containing Varicent Software

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CB Insights Intelligence Analysts have mentioned Varicent Software in 1 CB Insights research brief, most recently on Jan 24, 2020.

Latest Varicent Software News

Applications Now Open for Varicent’s E.D.G.E. Scholarship Program

Mar 3, 2022

Scholarship Program March 03, 2022 09:00 AM Eastern Standard Time TORONTO--( BUSINESS WIRE )-- Varicent , the leader in Sales Performance Management (SPM), is proud to announce its E.D.G.E. Scholarship Program is now open and accepting applications. Scholarship Program (which stands for Equity, Diversity, Growth, Empowerment) was created in 2021 to foster more opportunities for diversity within the technology sector for historically underrepresented people, specifically women and people of color, with an emphasis on the Black and Latinx communities. “It’s important for us at Varicent to provide resources that foster inclusion in both our industry and our communities,” said Marc Altshuller, President and CEO, Varicent. “I’m proud to continue the E.D.G.E. Scholarship Program to reinforce our commitment to expanding opportunities in technology. Education is a pathway to opportunity, and I hope once again we can enable students to focus on their goals, rather than the financial barriers which might stand in their way.” This year, Varicent will award up to 20 scholarships of $5,000. Applicants must be high school seniors, students in their final year of upper secondary school, high school/upper secondary school graduates or current college undergraduates (including CEGEP students) located in the U.S. and Canada. Eligible students must be planning to pursue a STEM/technology-related major including, but not limited to, Computer Science, Data Science, Engineering, Information Technology, and Mathematics. Applicants must also plan to enroll in full-time undergraduate study at an accredited two or four-year college, CEGEP or university or vocational-technical school (or equivalent) for the entire upcoming academic year. Scholarship recipients will be selected based on several criteria reviewed by an internal expert panel created by Varicent. Scholarship Program is one of the initiatives under Varicent’s corporate social responsibility called Our Cause . Varicent is determined to apply science and technology to address some of the world’s most pressing challenges, creating diverse and meaningful change in the workforce. Applications for the 2022 E.D.G.E. Scholarship Program will be open from March 1, 2022, to April 5, 2022, or until the first 500 applications are received. The program is administered by Scholarship America®, North America’s largest designer and manager of scholarship, tuition assistance, and other education support programs for corporations, foundations, associations, and individuals. To apply for an E.D.G.E. scholarship or to learn more, please visit https://learnmore.scholarsapply.org/varicentedge About VaricentTM Varicent is the leading provider of innovative Sales Performance Management software focused on helping organizations Plan, Operate and Pay to drive sales performance and growth. With a full suite of solutions to assist in smarter territory and quota planning, efficient lead-to-revenue operations, and the fastest and most flexible way to pay sellers accurately and on-time, Varicent is the trusted SPM solution for customers worldwide. Varicent combines powerful SPM technology with its augmented intelligence-powered platform to enable customers to quickly and easily see and address sales trends, problem areas, and opportunities by predicting outcomes, and prescribing actions to optimize revenue. To learn more about Varicent, visit www.Varicent.com . Varicent, Varicent Software, Symon.AI, and FunnelCake are trademarks or registered trademarks of Varicent in the USA, Canada, and other countries. Contacts

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Varicent Software Frequently Asked Questions (FAQ)

  • When was Varicent Software founded?

    Varicent Software was founded in 2005.

  • Where is Varicent Software's headquarters?

    Varicent Software's headquarters is located at P.O. Box 330 36 York Mills Road - Suite 200, Toronto.

  • What is Varicent Software's latest funding round?

    Varicent Software's latest funding round is Acquired Unit - Fin.

  • How much did Varicent Software raise?

    Varicent Software raised a total of $35M.

  • Who are the investors of Varicent Software?

    Investors of Varicent Software include Spectrum Equity, Great Hill Partners, IBM, EdgeStone Capital Partners, Information Venture Partners and 5 more.

  • Who are Varicent Software's competitors?

    Competitors of Varicent Software include Performio, Forma AI, QuotaPath, CaptivateIQ, Concert Finance and 7 more.

Compare Varicent Software to Competitors

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Xactly

Xactly Corporation is the market leader in on-demand sales performance management. The company's flagship product, Xactly Incent, enables sales and finance executives to design, implement, manage, audit and optimize sales compensation management programs easily and affordably. Xactly solutions automate the process of aggregating data from disparate systems into a secure, hosted repository, and enable companies to leverage this business data, which is the lifeblood of sales performance management. Xactly helps companies improve operational performance, optimize sales effectiveness, proactively manage risk and compliance, and maximize profits. The Xactly family of products is used by sales and finance executives, compensation analysts, sales operations and sales professionals across a variety of industries, ranging from SMBs to large enterprises. The company was founded in 2005 and is based in San Jose, California.

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Spiff offers a sales commission software and commission tracker that automates manual commission calculations.

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CaptivateIQ

CaptivateIQ is a sales commission software (aka incentive compensation software) as a service that helps the user set, optimize, calculate, and pay out sales commissions for sales people.

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Forma AI

Forma AI motivates agility and productivity in front-line sales teams through dynamic compensation and incentives. It designs and administers sales compensation under one hood as informed by individual performance patterns and behaviors. It was founded in 2016 and is based in Toronto, Ontario.

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Compgun

Compgun allows companies to calculate sales commissions in real time instead of waiting until the end of the month. The idea is that seeing the amount of commissions employees make periodically will drive sales performance.

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Performio

Performio offers sales performance management software for businesses. The company's cloud application enables enterprises to automate their sales compensation calculations, provide increased transparency to their sales reps, and adapt to changing market conditions with confidence. The company was founded in 2006 and is based in Irvine, California.

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