Strongest Q2 in Varicent's History

Highlights of Q2 include impressive #1 ranking in Profit 100 as well as new customer acquisitions

TORONTO, July 29, 2010 - Varicent Software, the leading innovator in Incentive Compensation and
Sales Performance Management solutions, is proud to announce an extremely
productive and successful Q2. Highlights from the second quarter include new
customer acquisitions, securing the #1 position in the 22nd annual PROFIT 100
ranking of Canada's Fastest-Growing Companies by PROFIT Magazine, and the
successful hosting of INSIGHT10, Varicent's annual user conference.

"We are thrilled with all of the exciting activity that has taken place
during this quarter," said Dan Shimmerman, President and CEO, Varicent. "We
are especially proud that this Q2 was our best to date - more than 50%
stronger than any Q2 prior. The company is on track to hit our year end
growth targets of 35% plus."

Throughout Q2, Varicent's solution was adopted by ten new customers
across industries including Retail, Technology, Insurance and Financial
Services. Varicent's growth is unparalleled in the industry and this
exemplary performance affirms that its sales performance management and
incentive compensation solution succeeds in driving down the cost and time of
sales administration, improves visibility into sales behavior, and enhances
the overall effectiveness of sales efforts.

In May, Varicent hosted INSIGHT10, its annual user conference focused on
Incentive Compensation and Sales Performance Management. INSIGHT10 brought
together Varicent customers, industry experts, Varicent partners and staff
for three days of training, education and information exchange. Participants
heard the latest in best practices and industry trends; they were able to
network with other Varicent users and learn from their successes and
attendees enjoyed Hands on Labs with the ability to explore Varicent in more
detail. "We were delighted with the impact of this conference," said Brian
Hartlen, Vice President Marketing, Varicent. "In addition to providing our
users and partners with a meaningful experience, we at Varicent benefited
from the opportunity to be face-to-face with our stakeholders and to learn
about their environments, their needs and how they have leveraged Varicent to
forecast and grow."

Q2 also saw the latest release of the company's flagship product,
Varicent 7, which empowers organizations to manage increasingly complex
compensation processes and significantly reduces implementation time and
effort. This new incarnation provides Varicent customers with effective tools
to deal with market volatility and changes within the context of less time
and fewer resources.

One of the most impressive achievements of Q2 was Varicent's #1 ranking
in PROFIT Magazine's listing of Canada's fastest growing companies. The
standing was based on the company's sales performance for five-year revenue
growth. "We are extremely proud of our performance, and PROFIT Magazine's
recognition of our accomplishments," said Dan Shimmerman, President and CEO,
Varicent. "Varicent's success is the result of our entire team's hard work
and commitment, as well as our shared dedication to delivering value to our
global customers."

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 Waste Management, Convoy Financial Group,
Sherwin-Williams, Manpower, Getty Images, Starwood Hotels, Sun Hung Kai
Financial, and many others. For more information, please visit
www.varicent.com.

(c)2010 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.

Brian Hartlen, Varicent Software, +1-416-987-1241, bhartlen at varicent.com, www.varicent.com