PLEASANTON, CA--(Marketwire - Nov 29, 2011) - Callidus Software Inc. (NASDAQ: [ CALD ]), the leader in [ Sales Performance Management (SPM) ], announced today that a leader in electronic payment solutions for businesses has selected Callidus' Monaco On Demand SPM suite to drive the performance of its internal sales force and North American channel operations. The agreement was signed in the fourth quarter of 2011.

Under the multi-year deal, the payment services company will implement the following modules: TrueComp® Manager, Sales Communications, and Reporting & Analytics.

[ Callidus' Monaco On Demand SPM Suite ] delivers a 100% multi-tenant SaaS solution that helps companies maximize their sales and channel performance with targeted incentives and rewards. The solution:

• Enables the deployment of the right mix of commissions, Management by Objective (MBO) programs, bonus and stock allocations, and SPIFFs to dramatically improve alignment of sales execution with corporate objectives across channels
• Enables market agility with rapid go-to-market and mid-period coverage and incentive adjustments
• Consolidates all sales results data in a single platform with real time web and mobile access to deliver superior visibility into operations and financial performance

The Monaco On Demand SPM suite is delivered as part of the Callidus Cloud. The Callidus 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 Enablement, Sales Performance, and Learning modules; SPMConnect for data management; and Reporting & Analytics.

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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 ].

© 1997-2011 Callidus Software Inc. All rights reserved. Callidus Software, the Callidus Software logo, TrueComp Manager, ActekSoft and ACom3 are trademarks, service marks, 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.