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M&A Deal Summary

Varicent Acquires Concert Finance

On August 9, 2021, Varicent acquired software company Concert Finance

Acquisition Highlights
  • This is Varicent’s 1st transaction in the Software sector.
  • This is Varicent’s 1st transaction in the United States.
  • This is Varicent’s 1st transaction in New York.

M&A Deal Summary
Date 2021-08-09
Target Concert Finance
Sector Software
Buyer(s) Varicent
Deal Type Add-on Acquisition

Target

Concert Finance

New York, New York, United States
Concert Finance is a provider of commissions software designed by compensation experts. Concert’s no formula/no-code setup and turnkey ASC 340 accounting takes setup time down from weeks to a day, and provides AI quota recommendations and scenario modeling features to help customers build plans that better motivate their sales teams. Concert Finance was founded in 2017 and is based in New York City.

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Buyer(S) 1

Buyer

Varicent

Toronto, Ontario, Canada
Category Company
Founded 2003
Sector Internet Software and Services
DESCRIPTION

Varicent is a provider of Smart SPM (sales performance management) cloud-enabled software for mid-market and enterprise companies in any industry. Its augmented intelligence-powered platform enables customers to quickly and easily see and address sales trends, problem areas, and opportunities, by predicting outcomes and prescribing actions to optimize revenue. Varicent pioneered incentive compensation and sales performance software helps customers manage highly complex compensation plans, territories and revenue goals. Varicent was founded in 2003 and is based in Toronto, Ontario.

DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-21 Symon AI

Ontario, Canada

Symon AI is a visionary technology platform built on sophisticated Natural Language and Machine Learning algorithms that provide easy to use, advanced analytics to business users and data scientists alike.

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