PLEASANTON, CA--(Marketwire - Jul 12, 2012) - Callidus Software Inc. (NASDAQ: [ CALD ]), the leader in sales effectiveness and cloud computing, announced today that a major insurance corporation in the USA has selected CallidusCloud's™ Insurance Incentive Compensation Management (ICM) solution to manage incentives and commission payments for 15,000 agents. The agreement was signed in the second quarter of 2012.

"Large established companies are increasingly adopting cloud computing solutions to improve their sales processes," said Leslie Stretch, President and CEO, CallidusCloud. "This large insurance corporation will be using our industry leading Sales Compensation Management solution to manage their 15,000 direct and channel agents. This new SaaS contract underscores our market leadership. CallidusCloud's Sales Performance Management solutions serve more Insurance companies than any competing offering. Cloud adoption by leading enterprises is bringing renewed impetus to our commissions business."

ICM is a SaaS incentive compensation solution built to deliver extreme automation in integration, plan configuration, producer management, payout calculation and communication. ICM is a highly configurable solution supporting rapid deployment, ease of use and reduced operational complexity. The CallidusCloud solution replaces manual processes and automates many functions other vendors perform through expensive service offerings, delivering unrivaled capability and performance for companies of all sizes.

The ICM solution is delivered as part of CallidusCloud's sales and marketing suite, a SaaS suite that is designed to help businesses drive [ enterprise engagement ], [ sales performance management ] and [ sales effectiveness ] throughout the sales cycle with award-winning, multi-tenant cloud software. CallidusCloud offers the following SaaS and mobile solutions: [ candidate assessment tests for hiring ], [ video interviews ], [ marketing automation ], [ quotes and proposals ], [ sales enablement ], [ sales coaching ], [ sales commission management ], [ learning management ] and [ content authoring ], underpinned by analytics and [ enterprise gamification ].

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About Callidus Software
Callidus Software Inc. (NASDAQ: [ CALD ]) is the market and technology leader in [ sales effectiveness and cloud computing ]. Our customers gain a competitive advantage by maximizing sales cost efficiencies and driving improvements in sales effectiveness. CallidusCloud's 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 rely on our solutions to power their performance. For more information, please visit [ www.calliduscloud.com ].

©2012. Callidus Software Inc. All rights reserved. Callidus, Callidus Software, the Callidus Software logo, CallidusCloud, the CallidusCloud logo, TrueComp Manager, ActekSoft, ACom3, ForceLogix, Salesforce Assessments, iCentera, Webcom, Litmos, the Litmos logo, LeadFormix, Rapid Intake and 6FigureJobs are trademarks, service marks, or registered trademarks of Callidus Software Inc. and its affiliates 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.