SOURCE: Callidus Software Inc.

Callidus Software Inc.

May 09, 2013 07:00 ET

CallidusCloud Appoints Dr. Jimmy Duan as Chief Technology Officer

PLEASANTON, CA--(Marketwired - May 9, 2013) - Callidus Software Inc. (NASDAQ: CALD), a leading provider of hiring, learning, marketing and selling cloud software, announced today the appointment of Dr. Jimmy Duan as Chief Technology Officer.

"I am delighted to announce Jimmy's appointment as Chief Technology Officer. He is without doubt the most eminent practitioner in the incentive compensation management space," said Leslie Stretch, President and CEO, CallidusCloud. "Jimmy is a customer-centric technologist who embraces our customer driven roadmap philosophy. In addition, we view Jimmy's innovation and expertise as critical to achieving our previously publicly disclosed gross margin and SaaS revenue growth goals for 2013."

Jimmy Duan brings over 20 years of experience in SaaS operations, technology sales, management consulting, and professional services. He has served a variety of executive management roles at CallidusCloud, including senior vice presidents of commissions business and international sales. Previously, Jimmy served as vice president of client services at Xactly, where he was responsible for defining and setting up SaaS operations and managing customer success. Earlier in his career, Jimmy held professional services management positions at Quovera and Talus Solutions, and consulted with multi-national organizations in financial services, telecommunications, transportation, and high-tech manufacturing. Jimmy holds a Ph.D. in industrial and systems engineering from Virginia Tech. Jimmy replaces Mike Graves, who leaves CallidusCloud at the end of May.

Note on Forward-Looking Statements
The forward-looking statements included in this press release, including discussion of our commercial prospects and performance reflect management's best judgment based on factors currently known and involve risks and uncertainties. These risks and uncertainties include, but are not limited to, potential disruption of customer purchase decisions resulting from global economic conditions, timing and size of orders, potential material fluctuations in financial results and future growth rates, decreases in customer spending, uncertainty regarding purchasing trends in the SPM market, customer cancellations or non-renewal of maintenance contracts or on-demand services, our potential inability to manage effectively any growth we experience, uncertainty regarding the demand for and profitability of our on-demand services, increased competition or new entrants in the marketplace, and other risks detailed in Callidus' reports filed with the Securities and Exchange Commission, including its Form 10-K for 2012. Actual results may differ materially from those presently reported. We assume no obligation to update the information contained in this release.

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 1900 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.

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