[July 19, 2011]

Varicent Software Announces Appointment of Mike Meisenheimer and Bruce Jackson to New Roles to Help Manage Growth

Varicent Software Incorporated, the leading innovator and provider of incentive compensation and sales performance management (SPM) solutions, today announced that Mike Meisenheimer, a veteran expert in sales compensation and sales operations, has joined as Director of Industry Solutions and Bruce Jackson is taking over responsibility for Business Development.

Effective immediately, Mr. Meisenheimer joins Varicent to manage the Varicent Business Edition team and will also provide thought leadership on compensation and sales effectiveness practices for Varicent product teams and customers. Over the last two decades, Meisenheimer has worked with Fortune 1000 and Global 2000 high technology, financial services, telecommunications and manufacturing companies, helping to improve sales, marketing and customer service effectiveness. He is a recognized leader in the areas of incentive compensation design and administration. Much of hs work has focused on linking business strategy, operational processes and employee alignment to drive tangible business results.

Varicent is also pleased to announce that Bruce Jackson will transition into a new role of Vice President, Business Development. Jackson will focus on working with global sales and services teams on end-to-end enablement of partners from sales through delivery. Jackson previously served as Varicent's Vice President, Solutions Consulting advising and guiding the company on an operational level and in particular, providing implementation subject matter expertise. Prior to joining Varicent, Jackson led the Business Solutions team at Iconixx.

"With these new staff announcements, Varicent continues to strengthen its industry-leading organization," said Marc Altshuller, co-founder and Executive Vice President of Worldwide Field Operations for Varicent. "The addition of these two Sales Performance Management veterans into these key roles helps us ensure that we are able to manage our explosive growth. Bruce will be vital in leading our Field Operations to provide support for our global partner network. Mike's expertise will be critical in helping us develop our solutions and in growing our very successful mid-market solution Varicent Business Edition."

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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