Iconixx Software Announces Strong Start to the Year

AUSTIN, Texas, May 24, 2012 /PRNewswire/ -- Iconixx Software Corporation, a leader in on-demand Sales Performance Management and Incentive Compensation solutions, today announced an extremely successful first quarter of 2012 marked by significant gains in all aspects of the business.  Highlights from the first quarter include new customer acquisitions, expansion of the partner community, and a new release of the company's industry leading Cloud solution for Sales Performance Management and Incentive Compensation.

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"We are very excited to have started the 2012 year on such a positive note," said Derrik Deyhimi, Chairman and CEO. "Our innovative Cloud solution, combined with our talented and dedicated team of industry experts, has Iconixx Software positioned to lead a rapidly changing market landscape where organizations are seeking a partner dedicated to delivering best-in-class solutions for managing sales performance and incentive compensation.  The momentum our team generated in the first quarter positions Iconixx for another year of strong growth."

Strong Customer Adoption Across Industries

Customers of all sizes and industries chose Iconixx Software for improved operational efficiencies and stronger insight into performance; further validating Iconixx's commitment to delivering a feature rich, Cloud-based solution that addresses the complexities often experienced by small and medium enterprises while supporting large enterprises' scalability needs.  Iconixx grew new customer bookings by more than 85% compared to the same period the year before, adding key customers such as Knowledge Advisors, LNR Property and Burkhart Dental.

Iconixx Software also saw expansion at more than a third of the company's current customers who chose to increase subscribers or expand into new business units.  "We are committed to providing ongoing value to our customers through the combination of strong, Cloud-based solutions and dedicated, experienced professionals with deep knowledge of sales performance management and incentive compensation," said Bruce Jackson, President and COO.  "When our customers choose to expand their relationship with us, we view it as confirmation we are delivering on our commitment."

Strengthened Partner Community

Iconixx expanded their partner community through new strategic partnerships with leading channel, system integration, and technology alliances.  OpenSymmetry, a leading independent consulting company focused specifically on Sales Performance Management and Incentive Compensation programs, joins Iconixx partner program as their newest system integration partner.  Fig Leaf Software, an award winning solutions reseller and integrator, becomes Iconixx Software's latest channel partner.  TerrAlign, the leading provider of Sales Resource Optimization software, now partners with Iconixx Software to deliver territory optimization that enables organizations to create efficient and balanced territory alignments.

Delivered Key Innovations with New Product Release

Iconixx Software released the latest version of their Cloud-based solution at the end of the first quarter, delivering valuable enhancements to customers including:

Application Infrastructure

• Additional Metadata Overrides - Allowing easier customer support and faster initial deployments and ongoing upgrades.
• Advanced Hierarchy Management - New environment configurations for improved usability and performance across all types and sizes of organizational hierarchies.

User Dashboards

• Simplified Dashboard Management - Add new charts and graphics to individual or group dashboards on the fly.

Approval Workflows

• Hierarchy Based Proxy - Allow users to proxy for an individual or an entire organization unit easily and efficiently.
• Metric Assignment Worksheets - Assign plan metrics at the individual level through the approval process.
• Total Compensation Worksheets - Approve both annual incentives and salary adjustments in a single worksheet, even when multiple budgets are involved.

Rounding out the strong quarter, Iconixx Software expanded their development staff and support staff in preparation for additional strong quarters the rest of 2012.  Jackson stated, "Iconixx plans to continue to hire ahead of the demand curve in order to maintain our high customer satisfaction and retention rates."

About Iconixx Software®

Iconixx Total Compensation Software streamlines and unifies all aspects of Sales Performance Management and Incentive Compensation Management.  Leveraging the latest Cloud technologies, Iconixx Total Compensation Software offers reporting, automation and forecasting to small and medium businesses while providing enterprise customers with the scalability to support complex calculations and large data volumes.  Iconixx Software's analytical capabilities, including real-time "what-if" modeling, bring all sides of the compensation equation into clear focus.  The result is a solution that will benefit every executive, manager, and sales professional in your business. 

© 2012 Iconixx Software Corporation.  All rights reserved.  Iconixx Software, Iconixx Total Compensation Software and the Iconixx Software logo are registered trademarks or service marks of Iconixx Software Corporation in the United States and other countries.  All other brand, service or product names are registered trademarks or service marks of their respective companies or owners.

Press Contact:

Carolyn Jenkins
Iconixx Software
(512) 651-3111 x701
[email protected]

SOURCE Iconixx Software