LOWELL, Mass., May 21, 2008 – Centive, the leader in on-demand solutions for sales compensation and sales performance management, today announced it was named to JMP Securities' 2008 report entitled, "The Hot 100: The Best Privately Held Software Companies." This report profiles 100 of the leading private companies in the software industry as identified by the software research team at JMP Securities.
"We are pleased to be honored with inclusion in the Hot 100 report by JMP Securities," said Michael Torto, president and CEO, Centive. "The employees at Centive have worked hard to earn a stellar reputation for delivering superior on-demand solutions, exceptional customer service and innovative market vision. Recognition by JMP Securities is something we will celebrate as a company; it's cool to be hot."
Centive's flagship product, Centive Compel®, is an affordable on-demand solution for modeling, managing, reporting and analyzing sales compensation programs. Compel is much more than just a commission calculation tool; it offers companies strategic value by providing sales representatives and managers with real-time visibility into commission earnings and key sales performance analytics. With Compel, sales organization stay aligned, focused and motivated to achieve performance targets.
The "Hot 100" recognition is the most recent of a string of awards and accolades bestowed upon Centive since the launch of Compel® in May 2005 as the market's first on-demand solution for automating sales performance and sales compensation management. Last week Centive was named a finalist in the "Best Customer Service" category for the American Business Awards. In 2007 Compel earned the "Product of the Year" award and the "CRM Excellence" award from Technology Marketing Corporation, and the CRM WizKids Award from Beagle Research. Compel is also a winner of the coveted CODiE award for "Best Financial Application.
About Centive
Centive, headquartered in Lowell, MA, is the recognized leader in on-demand sales performance management. Companies use Centive Compel, hailed by CIO Magazine as the "most widely used choice for sales compensation management," to accurately model and forecast commission costs, calculate commission and bonus earnings and gain real-time visibility into sales performance metrics. Centive is the first and only on-demand sales compensation / sales performance management vendor to be recognized as a SAS-70 Type II service provider. To learn more about Centive, please visit http://www.centive.com/ or call 1-877-CENTIVE
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Centive, Compel, Inspire Performance, From Prospect to Paycheck and the Carrot logo are registered trademarks of Centive, Inc. All other company or product names are or may be trademarks of their respective owners.
Media Contact:
Bob Conlin
Centive
781-852-3500
bconlin@centive.com
