PLEASANTON, CA--(Marketwire - Nov 7, 2011) - Callidus Software Inc. (NASDAQ: [ CALD ]), the leader in [ Sales Performance Management (SPM) ], announced today that it is a sponsor at the [ 7th Annual Insurance Executives' Summit ]. The event will be held November 8-9 at the Imperial Palace Hotel in Seoul, South Korea. This Summit, now in its seventh year, brings together C-level executives, IT leaders, and solution providers to review how the insurance industry must get up to speed with new technological developments to compete and drive growth, and to anticipate new customer expectations.

Chris Race, Director of Business Development at Callidus Software, will participate in a Technology Solution Panel on Tuesday, November 8, at 2:45 p.m. KST. Mr. Race will address one of the key challenges facing the general insurance industry -- the competition for talent.

"The Insurance Executives' Summit is a great forum for leaders of life and general insurance companies to deliberate on the innovative technologies that are changing the insurance landscape," said Jimmy Duan, Senior Vice President, International Sales, Callidus Software. "Effectively leveraging technology to recruit and onboard agents with the skill sets required for success in each product line is mission critical for insurers to adapt to customers' changing needs. As the market and technology leader in agent lifecycle management, Callidus brings a wealth of experience helping companies develop effective strategies and solutions for recruiting, onboarding, and training top agents, including best practices on compensation. We look forward to engaging with the companies in this region to help them effectively compete and drive growth with the right technology solutions."

The announcement follows recent news of [ Callidus' continued growth in Asia-Pacific ], where it has signed five of the largest multinational financial services companies in the region.

Callidus Software's Cloud is a comprehensive [ SaaS suite ] designed to help businesses drive more effective selling at each stage of the sales talent lifecycle, from improved sales hiring -- the foundation of strong sales performance -- to improved campaign execution, to high frequency coaching and development. The Callidus Cloud suite includes Callidus' 100% multi-tenant, high-availability SaaS infrastructure; its Sales Selection, Sales Effectiveness, Sales Performance, and Learning modules; SPMConnect for data management; and Reporting & Analytics. Callidus Software powers more than 2.5 million users across the globe.

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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 multi-tenant SaaS applications set the standard for performance management of a company's sales force and channel partners. Over 2.5 million users have their performance managed by Callidus Software. For more information, please visit [ www.callidussoftware.com ].

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