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Callidus Software Expands Its European Market Reach Through a Reseller Partnership With Tagetik in Italy

^{Published on 2010-06-03 04:11:05 - Market Wire}
 

SAN JOSE, CA--(Marketwire - June 3, 2010) - Callidus Software Inc. (NASDAQ: [ CALD ]), the leader in Sales Performance Management (SPM), today announced a key strategic reseller partnership with Tagetik, an Italian global provider of Performance Management, Financial Governance, and Business Intelligence software solutions. Under the terms of the agreement, signed in the first quarter of 2010, Tagetik, which operates in 13 countries, will resell Callidus' entire suite of sales performance management solutions and leverage its existing 400 worldwide customer base. The agreement further expands and strengthens Callidus' EMEA reseller network, which already extends to Spain, Greece, Romania, Bulgaria, Turkey, Africa, Poland, and Israel.

"Our partnership with the industry's leading SPM provider has real strategic significance for Tagetik," commented Bani Brandolini, President International at Tagetik. "There is a natural convergence of our software solutions. Aligning with Callidus allows us to strengthen our business proposition and offer our customers a solution with greater capability for maximising sales revenue potential and generating a rapid return on investment through sales effectiveness improvements."

"Italy is a key European market for Callidus Software and we recognise Tagetik is a leading player, with a substantial customer base," said Rory Cameron, head of channels and alliances, EMEA at Callidus Software. "Callidus Software solutions are a natural extension of Tagetik's existing product portfolio. With this synergy, we are confident we can meet the growing demand for solutions that drive sales effectiveness in the Italian market."

Callidus Software's award-winning [ solutions ] manage the entire sales talent lifecycle from on-boarding, to incentives and rewards, to talent development, while providing visibility into sales operations and financial performance. This gives customers the ability to align their sales force and channels with their business objectives to consistently and reliably execute on sales targets. The software is used by leading companies in a broad range of verticals including [ high-tech ], [ telecommunications ], [ banking ], [ insurance ], and [ pharmaceuticals ]. Since its inception nearly 15 years ago, the company has evolved into the most experienced, proven, and reliable SPM vendor in the marketplace. Callidus Software manages over $50 billion in incentives and compensation for more than 2 million payees in over 140 countries.

About Callidus Software®
Callidus Software (NASDAQ: [ CALD ]) is the market and technology leader in Sales Performance Management (SPM). Callidus' customers gain a competitive advantage by maximizing sales cost efficiencies and driving improvements in sales effectiveness. Our award-winning Software-as-a-Service (SaaS) applications set the standard for performance management of a company's sales force and channel partners. Over 2 million employees and channel partners have their performance managed by Callidus Software. For more information, please visit [ www.callidussoftware.com ].

About Tagetik
Tagetik -- a Microsoft Gold Certified Partner -- delivers a unified software solution to support Performance Management and Financial Governance plus extended Business Intelligence, Collaboration and Communication. Tagetik 3.0 creates value by simplifying complex business processes for CFOs and CIOs: budgeting, planning and forecasting, consolidation and reporting, financial governance, strategy management, profitability, modeling, working capital analysis and compliance/industry requirements. Tagetik 3.0 is the solution to translate strategy into operations, manage and control overall performance down to business transactions and improve decision-making across the whole organisation while achieving faster ROI and lower total cost of ownership (TCO).

Tagetik operates in 13 countries leveraging a close partnership with Microsoft. Its market experts are totally committed to the success of 400 worldwide customers, including some of the largest Fortune 1000 companies and representing all industries, as well as to foster synergies with system integrators, technology leaders and local consulting specialists. To learn more: [ www.tagetik.com ].

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