Five Minute Briefing - Information Management
April 13, 2012
Five Minute Briefing - Information Management: April 13, 2012. A concise weekly report with key product news, market research and insight for data management professionals and IT executives.
IBM today announced a definitive agreement to acquire Varicent Software, a provider of analytics software for compensation and sales performance management. Varicent is a privately held company, with headquarters in Toronto, Canada. Financial terms of the acquisition, which is expected to close in the second quarter of 2012, were not disclosed. "Varicent expands IBM's analytics portfolio into the sales function of organizations," Paul Hill, vice president, Performance Management, Business Analytics, IBM, tells 5 Minute Briefing. "It is a line-of-business play."