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Callidus Software Inc.: In Economic Downturn, Leading Companies Turn to On-Demand Pervasive Performance Solutions From Callidus

^{Published on 2009-05-12 04:24:31, Last Modified on 2009-11-02 11:41:48 - Market Wire}
 

SAN JOSE, CA--(Marketwire - May 12, 2009) - Callidus Software Inc. (NASDAQ: [ CALD ]), the leader in [ Sales Performance Management ] (SPM), today announced that all recent additions to its SaaS suite have been sold to customers and continue to gain significant traction, as companies look to maximize efficiencies and reduce cost in today's sluggish economy. Launched in the first quarter of 2009, the [ TrueMBO™ ] and [ TrueQuota™ ] software solutions are seeing immediate customer adoption, as is Callidus Plan Communicator, which became available in the fourth quarter of 2008. All three products help companies optimize performance. The software modules provide the right tools to quickly adapt, evolve and transform business processes to enhance productivity and maximize profitability.

"Today's economic challenges spur companies to implement pervasive performance solutions company-wide. We have listened and quickly responded to our customers' calls for solutions that help them maximize revenue, reduce cost, ensure corporate alignment and sustain growth," says Jimmy Duan, senior vice president of analytics, BPM and SaaS solutions at Callidus Software. "Callidus Plan Communicator, TrueMBO and TrueQuota specifically address these concerns. This suite of standalone SaaS solutions offer a low-risk, low-cost, rapid on-ramp to SPM without sacrificing the functionality that our customers have come to expect."

Plan Communicator, TrueQuota and TrueMBO software products optimize organization performance while addressing specific business processes in real-time. TrueMBO helps set employee objectives, TrueQuota addresses quota setting while Plan Communicator expedites compensation plan distribution, review and approval. Based and deployed on a multi-tenant SaaS platform, these solutions are affordable and easy to use and deploy, resulting in a[ rapid time to ROI ]. While they are standalone solutions, all three products can be integrated with the [ Callidus' industry-leading TrueComp® ] incentive compensation software solution.

[ Callidus Plan Communicator ] allows companies to communicate compensation plans and contracts to field organizations faster and more efficiently. Built on Salesforce.com's Force.com platform, the solution tracks sales plan changes, and monitors and records digital acceptance.

"With Plan Communicator, our company will be able to easily track the distribution and sign-off of our sales employee goal sheets," says Philip Rose, director, global sales compensation at Citrix Systems. "We will no longer need to spend countless hours in creating the forms and subsequently tracking employee approvals and this product will provide us with a repository for storing all of the information."

[ TrueQuota ]™ software enables sales and finance teams to automate the process of quota setting, distribution, review and approval. This workflow-based solution ensures quotas are allocated across the sales organization with full visibility, traceability and efficiency.

Continues Rose: "TrueQuota will allow our company to easily track quota allocated throughout all levels of the sales organization in an automated and efficient self-contained module. With the addition of TrueQuota and Plan Communicator, manual processes will be replaced by processes and systems dedicated to gaining efficiencies."

[ TrueMBO ]™ software is an objective management solution that allows businesses to extend [ pay-for-performance ] to employees beyond the sales team and executives in an organization. The solution provides an integrated, complete solution to transform and simplify the employee performance management process from objective setting, distribution, review and acceptance to compensation processing.

"We're excited to have a single compensation system in place that supports the alignment of employee objectives with corporate objectives, globally. Callidus delivers this capacity with TrueMBO," said Jim Parker, director of global finance for Novell. "With this application, our company benefits from a solution that streamlines the processing of employee performance for our objectives-based sales people to optimize performance, align it with corporate strategy and drive revenue."

Promotional pricing is available for the TrueMBO™ and TrueQuota™ software modules until June 30, 2009.

For promotional pricing on TrueMBO, go to:[ http://www.callidussoftware.com/go/09/truembo-limited-time-offer/ ]

For promotional pricing on TrueQuota, go to:[ http://www.callidussoftware.com/go/09/truequota-limited-time-offer/ ]

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.