IBM acquires Varicent Software to boost analytics portfolio
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IBM has numerous initiatives and solutions dedicated to big data, and the global tech corporation is only reaffirming those commitments with the acquisition of Varicent Software.
Toronto-based Varicent provides analytics software for compensation and sales performance management, automating and integrating sales, client and financial performance management across an enterprise.
Most of Varicent’s customers are in the financial, retail, telecommunications, and IT industries. Specific customers include Hertz, Office Depot and Starwood Hotels. Les Rechan, general manager of business analytics at IBM, explained in a statement that the addition of Varicent is intended to boost IBM’s analytics portfolio.
