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Compare Forma AI vs Varicent Software

Customers evaluate the quality of Forma AI's products using the following success metrics.

Overview

Forma AI Logo

Forma AI is 8 yrs old and is based in Canada.

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.

Varicent Software is 21 yrs old and is based in Canada.

Varicent is a sales performance management software company. The company offers an enterprise solution and a mid-market solution for companies that often face different compensation and management challenges. It was formerly known as IBM - Sales Performance Management Business. It was founded in 2003 and is based in Toronto, Canada. In November 2019, Varicent was acquired by Great Hill Partners and Spectrum Equity.

Founded Year

Country

Canada

Demo Video

Forma AI did not submit their demo in their Analyst Briefing

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Leadership

Nabeil Alazzam (Founder, Chief Executive Officer)

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Marc Altshuller (Chief Executive Officer, President)

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Funding

Forma AI last raised $45M on 5/17/2022.

Stage

Series B
Acquired Unit - Fin

Total Raised

$55.11M

Investors

Xfund, Golden Ventures

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Spectrum Equity, Great Hill Partners

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Product

Forma AI did not submit their product in their Analyst Briefing

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Benefits

  • Payout Accuracy & Reliability
  • Operating Cost Reduction
  • Sales Compensation ROI/Revenue

Products

  • Forma.ai

    Unified incentive compensation platform.

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Customers

Forma AI works with 5 known companies.

Known Partners

Autodesk, CareerBuilder

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Why They Buy

Forma AI did not submit their references in their Analyst Briefing

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News & Analysis

Forma AI has been mentioned in our research 1 time.

Varicent Software has not been mentioned in our research.

Expert Collections

H

HR Tech

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The HR tech collection includes software vendors that enable companies to develop, hire, manage, and pay their workforces. Focus areas include benefits, compensation, engagement, EORs & PEOs, HRIS & HRMS, learning & development, payroll, talent acquisition, and talent management.

A

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Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.