N@N

Callidus Software Inc.: Callidus Software Reports Strong Momentum in Health Insurance Industry

^{Published on 2009-01-26 16:23:26, Last Modified on 2009-01-26 16:24:12 - Market Wire}
 

SAN JOSE, CA--(Marketwire - January 26, 2009) - Callidus Software Inc. (NASDAQ: [ CALD ]), the leader in [ Sales Performance Management ] (SPM), today announced continued momentum in the health insurance industry. Callidus Software added four new customers in Q4 2008 to its growing roster of health insurance [ customers ], a list that includes several top Fortune 500 companies. Callidus Software provides health insurance companies with [ advanced SPM solutions ] that [ increase productivity and efficiency for any sized company ].

"Health insurance companies understand the strategic value that effective sales performance management can provide," said Steve Apfelberg, senior vice president of marketing and business development at Callidus Software. "The companies in this industry depend heavily on non-captive brokers. Sales performance management is a powerful vehicle for aligning the behavior of an independent channel with the goals of the insurance providers. Our rapidly growing list of health insurance customers validates the success of our award-winning software solutions in delivering strategic value and a competitive edge."

Overall, more than 12 health insurance companies standardize on Callidus Software sales performance management solutions. Currently, four of America's five largest health care providers manage sales performance with Callidus Software's solutions(1).

In challenging economic times and faced with unprecedented competition, companies are pursuing [ new ways to drive revenue ] and optimize profitability. Sales performance and [ pervasive performance management ] are the untapped levers to bring these strategies to life. Callidus' solutions [ help companies ][ align corporate objectives with sales strategy ]. Together, they unlock a company's ability to combine sales and incentive compensation with key aspects of employee performance management.

About Callidus Software®

Callidus Software ([ www.callidussoftware.com ]) (NASDAQ: [ CALD ]) is the market and technology leader in [ Sales Performance Management (SPM) ]. Performance-based compensation is one of the largest investments for all companies. Callidus' customers gain a competitive advantage by maximizing the return on this strategic asset. Our award-winning [ Software-as-a-Service (SaaS) ] applications set the standard for [ pervasive performance management ] across the enterprise. Over 1.9 million employees and channel partners have their performance managed by Callidus Software.

© 1998-2009 Callidus Software Inc. All rights reserved. Callidus Software, the Callidus Software logo, Callidus TrueAnalytics, TrueComp, TrueComp Grid, TrueComp Manager, TrueConnection, TrueFoundation, TrueInformation, TruePerformance, TruePerformance Index, TruePerformance Indicator, TrueMBO, TrueAllocation, TrueProducer, TrueQuota, TrueReferral, TrueResolution, TrueTarget and TrueService+ are trademarks, servicemarks, or registered trademarks of Callidus Software Inc. in the United States and other countries. All other brand, service or product names are trademarks or registered trademarks of their respective companies or owners.

(1)[ http://money.cnn.com/magazines/fortune/fortune500/2008/industries/223/index.html ]