News

AUSTIN, Texas–(BUSINESS WIRE)–Iconixx, the industry leader in enterprise-class Incentive Compensation Management (ICM) solutions, today announced highlights for fourth quarter and fiscal year 2016.

“Our goal is to make our customer’s lives better, as they move their operations to more sophisticated incentive compensation models”, said Derrik Deyhimi, Founder and CEO at Iconixx. “Incentive compensation has become a complex, time-consuming, and error-prone endeavor for many companies today, so our ability to automate enterprise-level needs with ease is driving competitive advantage for our customers. I hear that from our customers every day, and we saw it in excellent customer satisfaction results, in addition to the strong sales growth last year. Iconixx is setting new standards for power and speed in ICM, and I look forward to a great 2017.”Iconixx reported the following fourth-quarter and annual results:

• Record new and expansion sales in fourth quarter
• +100% fourth quarter Sales growth compared to Q4 2015
• 44% Year-on-Year growth in Annual Recurring Revenue bookings
• 98.7% Customer Satisfaction for Customer Support
• 99.8% Customer Satisfaction for Training

“Demand for enterprise-grade ICM in healthcare, insurance, financial services, media, telecommunications, CPG, and industrial products industries fueled strong growth in 2016,” said David Loia, Chief Revenue Officer. “2017 promises to be even stronger, as our latest product release hits the ICM sweet spot in flexibility, power, and ease-of-use.” Loia adds, referring to the release of Iconixx 6.6 in Q1 of 2017.

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