PLEASANTON, CA--(Marketwire - Oct 5, 2012) - Callidus Software Inc. (NASDAQ: [ CALD ]), a leading provider of hiring, learning, marketing and selling cloud software, announced today that a recognized insurance leader has selected CallidusCloud's ICM, the market-leading Incentive Compensation Management solution for the insurance industry. The agreement was signed in the third quarter of 2012.

"We are delighted that this insurance group has selected CallidusCloud^® to improve the management of their incentive payments. They will be using the market-leading ICM solution to derive significant financial and performance benefits by automating the way they process commissions and bonuses," said Tom Davis, VP Sales and Marketing, Insurance, CallidusCloud.

CallidusCloud's ICM solution is built to deliver extreme automation in integration, plan configuration, producer management, payout calculation and communication. It is a highly configurable solution supporting rapid deployment, ease of use and reduced operational complexity. As part of the solution, the producer portal allows for delivery of payment and performance-related information through the web or a Customer Relationship Management system.

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About CallidusCloud
Callidus Software Inc. (NASDAQ: [ CALD ]), doing business as CallidusCloud, is a leading provider of cloud software. CallidusCloud enables organizations to drive performance and productivity across their business with our hiring, learning, marketing and selling clouds. From back office to the field, from desktop to mobile, we ensure organizations have the right tools to be more effective and perform better. The combined power of our clouds, our people, and our partners fuels growth, empowers the work force and delivers real value. CallidusCloud drives performance and productivity for over 1500 leading organizations. Small, medium and large enterprises across multiple industries and geographies rely on CallidusCloud for quicker hiring, simpler learning, better marketing, and smarter selling.

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.