TORONTO--(BUSINESS WIRE)--Varicent Software Incorporated, the leading innovator and provider of incentive compensation and sales performance management (SPM) solutions, announced today that it has ranked 4^th in the 23^rd annual PROFIT 200 ranking of Canada’s Fastest-Growing Companies by PROFIT Magazine. An extremely rare accomplishment, this announcement marks the second consecutive year that Varicent has appeared in the top 10 on the PROFIT 200.

“It is an honor to once again be featured within the top ten companies in the PROFIT 200,” said Dan Shimmerman, President and CEO, Varicent. “This achievement is a testament to the hard work of a lot of people at Varicent, to the vibrancy of the Sales Performance Management market and to our uncompromising commitment to deliver value to our customers.”

Ranking Canada’s Fastest-Growing Companies by five-year revenue growth, the PROFIT 200 profiles the country’s most successful growth companies. Published in the summer issue of PROFIT and online at PROFITguide.com, the PROFIT 200 is Canada’s largest annual celebration of entrepreneurial achievement.

“The PROFIT 200 companies are the innovative, high-growth enterprises Canada needs to compete on the global stage,” said Ian Portsmouth, Editor-in-Chief of PROFIT Magazine. “PROFIT is proud to celebrate their achievements and ambitions, and we encourage all businesses to learn more about the many ways they’ve come so far, so fast.”

Varicent’s Sales Performance Management solutions help organizations increase their sales efficiency and effectiveness by arming them with innovative and strategic tools to manage incentive compensation and sales performance programs. Companies of all sizes realize a return on their investment by saving time, reducing errors and streamlining SPM processes to improve sales performance and drive profitability.

About PROFIT Magazine

PROFIT: Your Guide to Business Success is Canada’s preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 29 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it’s a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at PROFITguide.com.

About Varicent Software Incorporated

Varicent Software Incorporated is an innovative software solutions provider delivering measurable improvements to its clients businesses through its industry-leading sales performance management solution Varicent SPM. Varicent's customers are high-performing companies representing a variety of industries and include Tribune, Sherwin-Williams, Bank of the West, Farmers Insurance, ING, Manpower, Dex One, Maritz, Sun Hung Kai Financial, and many others. For more information, please visit www.varicent.com.

©2011 Varicent Software. All rights reserved. Varicent and Varicent SPM are trademarks of Varicent Software Incorporated.

All other trademarks and company names mentioned are the property of their respective owners.

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