Centive Listed as a Leader in Magic Quadrant for Incentive Compensation Management -ICM- Industry.Business Editors/High-Tech Writers BEDFORD, Mass.--(BUSINESS WIRE)--Feb. 11, 2003 Enterprise Incentive Management Provider Recognized for Depth of Technology and Vision for Second Year in a Row Centive, the award-winning leader of Enterprise Incentive Management (EIM EIM Enterprise Incentive Management EIM Enterprise Information Management EIM Enterprise Identity Mapping (IBM) EIM Enterprise Instant Messaging EIM Employee Internet Management EIM European Institute for the Media ) software and services, today announced that the company was placed in the "leader" quadrant quadrant, in analytic geometry quadrant. 1 In analytic geometry, one of the four regions of the plane determined by two lines, the x-axis and the y-axis. for the second consecutive year in the 2003 Sales Incentive Noun 1. sales incentive - remuneration offered to a salesperson for exceeding some predetermined sales goal bonus, incentive - an additional payment (or other remuneration) to employees as a means of increasing output Compensation Magic Quadrant The Gartner Magic Quadrant is a proprietary research tool developed by Gartner Inc., a US based research and advisory firm. It is designed to provide an unbiased qualitative analysis of a “markets’ direction, maturity, and participants. (a) issued by Gartner, Inc., (NYSE NYSE See: New York Stock Exchange : IT and ITB ITB Invitation To Bid ITB In The Beginning ITB Internationale Tourismusbörse (German) ITB In The Business (aka in the business service industry) ITB Intrathecal Baclofen Therapy ). "We are thrilled that Gartner continues to recognize the strategic value that incentive compensation management systems bring to companies with large, distributed sales organizations," said Michael B. Byers, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Centive. "Placement in the leaders quadrant speaks directly to our ability to deliver advanced solutions that solve the complexities inherent in implementing and executing incentive compensation programs. Leveraging our advanced architecture and functionality, our customers will continue to realize lowered costs, increased motivation, and rapid ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). ." As defined by Gartner, the world's leading technology research and advisory firm, the Magic Quadrant is a graphical framework that positions vendors from a specific technology industry sector into a strategic matrix based on vision and ability to execute that vision. Gartner unveiled its first ICM ICM Intercom ICM Integrated Crop Management ICM International Congress of Mathematicians ICM Information Classification and Management ICM Intelligent Contact Management (Cisco) ICM International Creative Management quadrant in January 2002, after tracking the growth and adoption of incentive compensation management solutions. The latest ICM quadrant is based upon the sector's continued growth and the technology advancements made in 2002. In 2002, Centive introduced of Centive/EIM, the company's highly scalable, Net-native incentive compensation management application, which provides a functionally rich solution for global organizations to manage large scale incentive compensation programs. Centive's deep technology domain expertise, coupled with its unique understanding of the impact that incentive compensation has on corporate performance, solidifies its leadership position in the EIM market. In the Magic Quadrant report, Gartner's vice president and research director of CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. Strategies, Joe Galvin, notes that the "ICM market is positioned for rapid growth through 2005." Galvin also addresses the strength of pure-breed players in the market in 2002 and moving into 2003, commenting that these vendors offer "excellent integration capabilities, with an absolute focus on solving ICM's challenges." He urges companies to consider these vendors "when accurate and timely reporting and payment of incentive compensation is the main priority." The "Sales Incentive Compensation Management Magic Quadrant" report is currently available as featured research on the Gartner, Inc. home page at www.gartner.com. About Centive Centive (formerly Incentive Systems) is the award-winning leader in Enterprise Incentive Management (EIM) software and services, and continues to set the standard in developing the most comprehensive incentive compensation solutions for Global 2000 companies. Designed and developed by domain experts to automate enterprise-wide incentive compensation management, Centive/EIM is the only complete solution for both the sales operations center The facility or location on an installation, base, or facility used by the commander to command, control, and coordinate all crisis activities. See also base defense operations center; command center. and the extended enterprise. Centive/EIM empowers companies to motivate and align employees, partners and channels with corporate goals, driving increased performance, revenue and profitability. To learn more about Centive and Centive/EIM, please visit www.centive.com or call 1-877-CENTIVE. (a) The Magic Quadrant is copyrighted January 2003 by Gartner, Inc. and is reused with permission. Gartner's permission to print or reference its Magic Quadrant should not be deemed to be an endorsement of any company or product depicted in the quadrant. The Magic Quadrant is Gartner's opinion and is an analytical representation of a marketplace at and for a specific time period. It measures vendors against Gartner-defined criteria for a marketplace. The positioning of vendors within a Magic Quadrant is based on the complex interplay in·ter·play n. Reciprocal action and reaction; interaction. intr.v. in·ter·played, in·ter·play·ing, in·ter·plays To act or react on each other; interact. of many factors. Well-informed vendor selection decisions should rely on more than a Magic Quadrant. Gartner research is intended to be one of many information sources and the reader should not rely solely on the Magic Quadrant for decision-making. Gartner expressly disclaims all warranties, express or implied of fitness of this research for a particular purpose. |
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