Previously, jordan worked as vice president finance for varicent software incorporated, a torontobased enterprise software company where he was. Ibm to buys analytics company varicent software latest news. Produce fast and accurate variable compensation calculations. Edgestone is one of the principal entities of gmp capital inc. Varicent to relaunch as independent company training industry. Altshuller previously led varicent to become canadas fastest growing company in 2010, according to profit 100 magazine, and a deloitte fast 500 fastest growing software company in north america the same year.
Varicent is an innovative software provider delivering measurable. Following close of the transaction, the new company, varicent software varicent or the company, will relaunch and be led by original varicent founder, marc altshuller. Ibm press room ibm today announced a definitive agreement to acquire varicent software incorporated, a leading provider of analytics software for compensation and sales performance management. This business was incorporated 15 years ago on 22nd october 2004. About varicent software incorporated varicent software incorporated is an innovative software. Browse jobs and read about the varicent software toronto location with content posted anonymously by varicent software employees in toronto, on. Jordan shnier, chief financial officer jordan shnier, chief financial officer jordan shnier oversees all areas of finance, accounting, investor relations and operations for prompt alert. Varicent software inc company profile and news bloomberg. Ibm today announced it has acquired the software company that specializes in analytics and compensation and sales performance management.
Im incredibly excited to work alongside so many great people who have been at varicent since the early days along with the great talent ibm has added to the business, said altshuller, who, following close of the. Varicent software provides incentive and sales performance management solutions for finance, sales, human resources and it departments. Nondistributing corporation with 50 or fewer shareholders. Varicent software inc computersoftware in toronto ontario. Varicent is a privately held company, with headquarters in toronto, canada. Varicent to relaunch as independent sales performance. Previously, jordan worked as vice president finance for varicent software incorporated, a toronto based enterprise software company where he was. The company was founded in 2003 and is based in toronto, canada. Varicent has more than 180 customers using its software, including starwood hotels, covidien, dex one, manpower, hertz, office depot and farmers. Ibm this morning announced a deal to buy varicent software, a torontobased provider of analytics software for compensation and sales performance management. Apr, 2012 ibm this morning announced a deal to buy varicent software, a toronto based provider of analytics software for compensation and sales performance management. Junior software developer at varicent software peersight.
Ibm buys varicent software to boost business analytics wsj. Varicent is headquartered in toronto, canada with additional operations in north america, emea and asia pacific. Experience robust objective, territory and quota management. Financial terms of the transaction were not disclosed. Torontobusiness wirevaricent, the leading provider of next generation sales performance management spm, today announced. Founded in 2005, varicent pioneered incentive compensation and sales performance software. Varicent enables organizations to design, manage, and automate the calculation of variable payment for dozens of plans and thousands of employees. Current employee anonymous employee in toronto, on. We are a fastgrowing software consulting firm specializing in sales performance management and sales effectiveness solutions. Ai, a technology platform built on natural language and machine learning algorithms that provide advanced analytics to business users and data scientists. Ibm buys torontobased varicent software financial post. Organizations with large sales operations are increasingly looking for a more streamlined and efficient performance and compensation management process that provides key. He is on the board of directors at blueprint software systems, inc. This office is the major varicent software toronto, on area location.
Varicent hiring developer in toronto, ontario, canada. Varicent is an innovative software provider delivering measurable improvements for customers through our industryleading incentive compensation and sales performance management solutions. The companys line of business includes the retail sale of computers, computer peripheral equipment, and software. Varicent is the leader in the sales performance management market. May 17, 2019 jordan shnier, chief financial officer jordan shnier, chief financial officer jordan shnier oversees all areas of finance, accounting, investor relations and operations for prompt alert. The analytics expertise of toronto based varicent software inc. Varicent computer software toronto, ontario 5,846 followers industryleading sales performance management software for midmarket and enterprise organizations. Ibm, based in armonk, new york, didnt disclose terms of the acquisition.
Mar 19, 2020 toronto, march 19, 2020varicent software, the leading provider of next generation sales performance management spm, has deepened its executive leadership with the addition of robert levine as chief financial officer cfo and karoline chan as chief human resources officer chro. Prior to that, donna also served in cfo and ceo capacity at nexient learning inc. Oct 27, 2009 company secures secondlargest it funding deal in q3 2009. Ai varicent, a toronto, canadabased provider of next generation sales performance management spm, acquired symon. Company secures secondlargest it funding deal in q3 2009. Varicent hiring developer in toronto, ontario, canada linkedin.
Explore varicent software careers, find out what its like to work at their office, in addition to jobs that the company is hiring for. The analytics expertise of torontobased varicent software inc. Neil whitney is coocofounder at varicent software inc. Information on valuation, funding, acquisitions, investors, and executives for varicent software. Ibm buys toronto based varicent software international business machines corp. Mar 11, 2020 this is an overview of the varicent software toronto campus or office location. Varicent software acquires augmented intelligence company. Ibm invested to develop the technology that has been recognized as a leader in gartners magic quadrant.
May 23, 2012 varicent is headquartered in toronto, canada with additional operations in north america, emea and asia pacific. The date of the companys last annual meeting is 20101231. Brian hartlen vice president, marketing expert with. Our teams in depth understanding of and experience in assisting sales organizations to. Ibm today announced a definitive agreement to acquire varicent software incorporated, a leading provider of analytics software for compensation and sales performance management. Nov 25, 2019 founded in 2005, varicent pioneered incentive compensation and sales performance software. Apr 14, 2012 toronto based and closely held, varicent automates and integrates sales information, allowing companies to determine compensation and salesforce deployment, ibm said in a statement today. It has over 180 corporate customers, including banks, insurance companies, retailers, information technology and. Toronto november 25, 2019 great hill partners and spectrum equity have signed a definitive agreement to acquire assets of ibms sales performance management business and operate it as an independent company. Torontobased and closely held, varicent automates and integrates sales information, allowing companies to determine compensation and salesforce deployment, ibm said in a statement today.
With varicent, organizations dramatically reduce sales administration costs, accurately match sales capacity to targets and drive improved sales performance. Varicent software incorporated is governed under the canada business corporations act 20041022. Ibm buys torontobased varicent software international business machines corp. Ibm buys canadian software analytics firm washington technology. Ibm today announced it has acquired the software company that specializes in analytics and compensation and sales performance management tools.
Nov 25, 2019 varicent s unique software is designed for the enduser and is configurable to any industry or variable compensation model. All content is posted anonymously by employees working at varicent software. Varicent, an established incumbent continues to capture market share in this fast growing, multibillion dollar market. Varicent software company profile panorama erp consulting.
Varicents unique software is designed for the enduser and is configurable. This is an overview of the varicent software toronto campus or office location. This includes cfo of varicent, an incentive compensation and sales performance management software company, where donna led the sale of varicent to ibm. As an established incumbent, varicent continues to capture market share in this fastgrowing, multibilliondollar market.
Varicent business edition is a flexible solution built to create and administer variable pay programs, automate commission calculations, and quickly distribute personalized payout results to sales teams. Varicent software incorporated is governed under the canada business corporations act. Work with us, learn what it takes to be the leader in a competitive global software industry. Toronto business wire varicent software incorporated, announced today that sentry insurance group, one of the largest mutual insurance companies in the united states, has selected varicent to. The company, to be headquartered in toronto, intends to provide. Varicent welcomes robert levine and karoline chan to its. Toronto, march 19, 2020varicent software, the leading provider of next generation sales performance management spm, has deepened its executive leadership with the addition of robert levine as chief financial officer cfo and karoline chan as chief human resources officer chro.
Nov 25, 2019 following close of the transaction, the new company, varicent software varicent or the company, will relaunch and be led by original varicent founder, marc altshuller. Use the pitchbook platform to explore the full profile. Growth investors great hill partners and spectrum equity acquired assets of ibms sales performance management business and established standalone company. Based on toronto, varicent was a privately held company founded in 2003. Torontobusiness wire varicent software incorporated, announced today that sentry insurance group, one of the largest mutual insurance companies in the united states, has selected varicent to. See what employees say about what its like to work at varicent software. Varicent to relaunch as independent company training. By clicking submit below, you consent to allow varicent to store and process the personal information submitted above to provide you the content requested. With the closing of this acquisition, approximately 200 varicent employees join ibms software group. Ibm to buys analytics company varicent software latest. Apr, 2012 ibm buys toronto based varicent software international business machines corp. Torontos varicent software bought by ibm it business. Sales performance management solutions is now varicent software.
Varicent software incorporated was founded in 2003. London stock exchange in its proposed merger with the toronto stock exchange. Ibm broadens analytics portfolio with acquisition of varicent. Chan join the companys founders, marc altshuller, neil whitney, and matt whitney in.
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