SOURCE: Callidus Software Inc.

October 29, 2007 07:07 ET

Callidus Named to Software Magazine's 25th Annual List of Top Software Companies

Software Magazine Ranks Callidus Software as One of the World's Largest 500 Software Companies for Third Consecutive Year

SAN JOSE, CA--(Marketwire - October 29, 2007) - Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced its inclusion on Software Magazine's Software 500 ranking of the world's largest software and service providers, now in its 25th year. Callidus was ranked 220 on the distinguished list -- making it the highest ranked provider of Sales Performance Management software solutions and services on the prestigious list. Callidus boasted revenue totals ten times greater than that of its closest competitor and a surging growth rate of 24%.

"The 2007 Software 500 results show that growth in the software and services industry was healthy from 2006 to 2007, the ranking year. The industry continues to be dynamic with more than 98 new companies on the list this year for the first time. In addition about 73% of the Software 500 companies saw revenue growth in 2006," says John P. Desmond, editor of Software Magazine and Softwaremag.com. "The Software 500 helps CIOs, senior IT managers and IT staff research and create the short list of business partners. It is a quick reference of vendor viability."

Now ranked on the list for the third consecutive year, Callidus ranked higher than ever before. Callidus' high placement on the list further solidifies the significance of its breadth of business solutions software modules, which empower the world's largest companies to more strategically and effectively manage sales operations and incentive programs. The company's best-in-class software solutions and domain expertise across a wide range of industries enable enterprises to align sales and incentive strategies with corporate objectives to improve sales performance, increase profits and drive revenue. By providing executives and sales management with a clear view of critical sales data, and by enabling quick and informed course correction, Callidus Software drives sales strategies toward desired business outcomes. In 2005, Callidus was ranked 255th on the Software 500 list. By 2006, the company moved up 20 more spots to place 235th.

"We are very pleased to be included in the Software 500 for the third year in a row," said Steve Apfelberg, vice president of marketing at Callidus Software. "Our continued growth and noticeable upward mobility on this exclusive list of the world's top software companies further signifies our merit in the sales performance management industry. Our continued business success also demonstrates that we successfully help companies take action to improve their sales performance strategies in order to drive revenue and increase shareholder value."

The ranking is based on total worldwide software and services revenue for 2006. This includes revenues from software licenses, maintenance and support, training and software-related services and consulting. The financial information was gathered by a survey prepared by King Content Co., as well as from public documents. The Software 500 is a revenue-based ranking of the world's largest software and services suppliers targeting medium to large enterprises, their IT professionals, software developers and business managers involved in software and services purchasing.

To learn more and access the ranking, go to http://www.softwaremag.com/

About Callidus Software®

Callidus Software (www.callidussoftware.com) (NASDAQ: CALD) is a leading provider of on-premise and on-demand Sales Performance Management (SPM) solutions to global companies across a broad range of industries. Our software allows innovative enterprises of all sizes to strategically manage incentive compensation, set quota targets, administer producers, and align territories, resulting in improved sales and distribution performance. Over 1.7 million salespeople, brokers, and channel representatives have their sales performance managed by Callidus Software's products.

About Digital Software Magazine, the Software Decision Journal, and Softwaremag.com

Digital Software Magazine, the Software Decision Journal, has been a brand name in the high-tech industry for nearly 30 years. Softwaremag.com, its Web counterpart, is the online catalog to enterprise software and the home of the Software 500 ranking of the world's largest software and services companies, now in its 25th year. Software Magazine and Softwaremag.com are owned and operated by King Content Co.

© 1998-2007 Callidus Software Inc. All rights reserved. Callidus Software, the Callidus Software logo, Callidus TrueAnalytics, TrueComp, TrueComp Grid, TrueComp Manager, TrueConnection, TrueFoundation, TrueInformation, TruePerformance, TruePerformance Index, TruePerformance Indicator, TrueMBO, TrueAllocation, TrueProducer, TrueQuota, TrueReferral, TrueResolution, and TrueService+ are trademarks, servicemarks, 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.

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