Excentive Launches Operations in Spain, Announces Sanitas as First Spanish Customer

Madrid, Spain, July 08, 2010 --(PR.com)-- Excentive, the leading global provider of Total Compensation Management solutions, announces the successful launch of its Spanish subsidiary and its first Spanish customer reference, continuing the company’s worldwide deployment initiated in 2009.

The new operation is headed by Matthieu Hochart, an industry veteran with a track record at software companies such as Hyperion and Cartesis, where he was Global Sales & Marketing Director for more than 6 years. In addition, Hochart has gained a deep knowledge of the Spanish market by successfully launching and developing three high-tech operations in Spain.

In less than 5 months, Hochart built a team, localized Compensation Cockpit, Excentive's Total Compensation Management Software, in Spanish, developed more than ten local projects in salary review, bonus management and incentive compensation management, and secured a first reference in Spain, the Madrid-based Sanitas, the well-known Healthcare/Insurance company.

Hochart attributes this fast start to the high penetration of HR systems from Oracle, SAP and Meta4, and CRM systems from Siebel and Microsoft into the Spanish market, which strongly facilitates the deployment of Excentive's Total Compensation Management solution.

"Our customers are looking at Excentive to unify the management of salary, bonus and sales incentives within one elegant solution," comments Hochart. "No other solution on the market can do this."

"The launch of our operation in Spain is an additional evidence of the successful execution of our globalization strategy," adds Brice Lionnet, Managing Partner at BNP PARIBAS Private Equity, the leading investor in Excentive. "We expect Excentive to quickly add many Spanish companies to its already impressive customer list," concludes Lionnet. Indeed, Excentive's customer list contains many Global 500 and well known companies such as Orange, Casino, Bouygues, Credit Agricole, Cetelem, Barclays, Groupama, Yves Rocher, Fnac, Nouvelles Frontières, Canon, Renault and Stryker, to name only a few.

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