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Tag Archive for 'News'

nGenera unit (Talisma CRM) bought…

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I haven’t talked too much about nGenera yet, mainly because they don’t focus entirely on sales performance management, and also because although they have an SPM solution that looks pretty good, it’s not widely deployed yet. My first post about them was when they laid off a lot of my former colleagues, not long after I left Iconixx/nGenera to join OpenSymmetry.

If you don’t remember the story, nGenera raised $70 million and went on a shopping spree, purchasing several companies last year. Last May they purchased Talisma Corp, which brought together two Oak Investment Partners’ portfolio companies. In that press release, Talisma Chief Executive called the match with nGenera a “perfect fit”.

So I was a bit surprised when I found out today that nGenera was selling the Talisma CRM business. It seems that maybe the fit was not so perfect.  Actually, only the Talisma Customer Relationship Management line product suite, Talisma education business, the Bangalore’s operations, and the Talisma brand name are being purchased.  nGenera will retain ownership of Talisma’s Customer Interaction Management software products and business.

Given how long these deals take and that only 7 months have went by since the acquisition of Talisma by nGenera, it sounds like nGenera may have acquired Talisma with only an interest in the customer interaction management products.

What does this mean for nGenera’s Sales Performance Management focus?  When I read the first release, I thought they decided to sell Talisma entirely, and I interested this as a change of focus from an on-demand everything approach to more focus on research and sales performance management.  When they acquired Talisma, I imagined we would see an integrated CRM and SPM solution in the future.  I’m sure we will see a CRM/SPM solution eventually, but not yet.

Since nGenera is keeping Talisma’s Customer Interaction Management solution, it looks like we can still expect their “on-demand-everything-2.0-high-performance ” strategy which also includes their nGen Total Compensation Solution.

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Crappy Incentive Plan

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I came across this article and I just couldn’t resist sharing it.

City uses DNA to fight dog poop

“An Israeli city is using DNA analysis of dog droppings to reward and punish pet owners.”  Dog owners will have their dogs swabbed for DNA, which will then be used to match droppings to the dog and its owners. 

 Owners using special bins to dispose of the droppings will be rewarded food coupons and dog toys.  Droppings found in the street will result in a fine.  This sounds like a pretty good incentive program. 

The question is, when all is said and done, would the cost of rewarding the behavior (maintaining DNA info, dealing with disputes, collecting DNA from droppings, etc) outweigh the cost of simply cleaning the street?  Maybe that depends if the new behavior of picking up dog poop can be permanent once the reward is removed to leave only the fine approach.

I look forward to finding out if the program is successful after its 6 month trial.  If it is successful, how about we collect DNA from everyone on the planet and fine anyone leaving chewing gum and cigarettes on the street?

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Pay-for-Performance Pays off for Performance Management Software Companies

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It seems to be a good year for Enterprise Compensation Management application vendors, particularly in the on-demand/software-as-a-service (SaaS) fields. In my two previous posts I created links to press releases from Xactly, Synygy and Centive.

Today, it’s Callidus who reported their fourth-quarter results, exceeding Wall Street’s expectation. Their total fourth quarter revenues were up 4%, partly due to a 850% increase of on-demand bookings Annual Contract Value (ACV).

So far I have only talked about some of the major vendors previously identified in the 2007 Gartner Market Scope research. With the growth in the sector, it is no surprise that many software firms will try to enter this market.

A quick surfing on Google revealed several other players in this field. I have heard about a few of them and I’m sure there are many more, but here is a quick list in alphabetical order:

Authoria
EIM Software
GloCent
Halogen Software
LaserBeam Software
Salesforce.com
Strategix Performance
Success Factors
Vue Software

If you have experience with any of these offerings or any other ICM applications, please share your experience.

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Xactly and Synygy achieve outstanding results in 2007

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Xactly Hits Triple-Digit Revenue Growth in 2007

In the 12 months ended December 31, 2007, Xactly achieved a triple-digit year-over-year increase in revenues. The company also doubled its customer base — and in doing so, has tripled its subscriber base. During the same period, the company achieved an enviable 94.4 percent customer-renewal rate, surpassing the industry average of 90 percent and underscoring Xactly’s ability to deliver sustained customer value. And in March, Xactly completed its third round of financing, raising an additional $15 million to fund further expansion.

Synygy Celebrates 17th Anniversary and Announces Strongest Financial Position in the Company’s History

Synygy Inc., an authority on sales performance management, celebrated its Seventeeth year in business and announced that the company is in the strongest financial position in its history. [...] This marked the third anniversary of Synygy’s strategy to shift its business model to focus on providing sales compensation and sales performance management solutions to companies with at least 1000 salespeople, brokers, or agents (rather than smaller-sized companies) for a fixed subscription fee (rather than an up-front software license fee).

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Centive Expects to see Profit this Year

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There was an article in the Boston Globe today regarding how Centive, a provider of software that automates the payment of sales commissions, was expecting to be profitable this year. Centive managed to turn around by selling their old product in 2006 and building a web-based application instead.

Because of major product changes, the 11-year-old company is only now seeing the financial benefits of its restructuring, said chief executive Michael L. Torto. “We grew by 100 percent last year,” he said.

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Callidus Software Acquires Compensation Technologies

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Callidus Software just acquired Compensation Technologies, a leading provider of services for planning, implementing and supporting incentive compensation processes and tools. This acquisition adds 9,000 payees to Callidus SaaS business; the cumulative number of payees is now 44,000, up from 4,900 a year ago.

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