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Appointing Elias Chachak as its president for Global Market

November 7, 2011 – Incentives Solutions, a leading provider of SPM Technologies and Solutions, today announced that it has appointed Elias Chachak as its President Global Market Development effective from October 1, 2011.

In his previous position, Elias served for, 7 years, as VP Business Development, product and Strategic Marketing at cVidya Networks, leading it from seed stage to a global leader in Revenue Intelligence solutions for Telecom Industry.

“Elias is joining us at a time of expanding our operations and greater diversification in our business. I am confident that with his marketing and business development experience Incentives Solutions will expedite our international growth and expansion,” said Tal Frank, Co- Chief Executive Officer. “I wish Elias much success in his new role and look forward to him joining our team,” he added.

About Incentives Solutions

Incentives Solutions is a global provider of flexible and comprehensive performance measurement and incentive pay best-of-breed systems that increases both employee and channel partners’ results driven motivation, while significantly decreasing administrative and IT costs.

Founded in 2002, Incentives Solutions streamlines employees’ performance management (ICM), Sales and Service Performance Management ( SPM ) and thereby delivering the most innovative solutions on the market.

The user friendliness and flexibility of the products enables rapid Return on Investment (ROI), low Total Cost of Ownership (TCO), and full compliance with financial regulatory requirements. Within a short period of time, Incentives Solutions has established itself as the ICM market’s leading solution provider.

Among our clients: Amdocs, AIG, Coca Cola, Orange,  Nextel del Peru, Bezeq, Cellcom, Blue Square, Ayalon Insurance, Phoenix Insurance.

Company website: www.incentives-solutions.com .