PLEASANTON, CA--(Marketwire - Aug 7, 2012) - Callidus Software Inc. (NASDAQ: [ CALD ]), the leader in sales effectiveness and cloud computing, announced today that Northrop Grumman Corporation's Sperry Marine business unit has selected CallidusCloud's Configure Price Quote solution (CPQ). The agreement was signed in the third quarter of 2012.

[ CPQ ] provides a 100% multi-tenant, SaaS solution that simplifies and accelerates the selling of all types of products and services. Requiring only a browser, CPQ enables users to quickly configure, price, quote, propose, and sell. The solution specializes in boosting sales through faster, more accurate quotes, collaborative-based selling, and increasing profit margins across companies with simple product catalogs all the way to complex, multi-channel sales networks.

The CPQ solution is delivered as part of CallidusCloud's sales and marketing suite, a SaaS solution that is designed to help businesses drive [ enterprise engagement ], [ sales performance management ] and [ sales effectiveness ] at all stages of 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 [ gamification ].

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About CallidusCloud

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.