SOURCE: Callidus Software Inc.

Callidus Software Inc.

April 19, 2010 07:00 ET

Callidus Software Announces Nomination for Board of Directors

SAN JOSE, CA--(Marketwire - April 19, 2010) -  Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), announced today the nomination of Mark A. Culhane to its Board of Directors, based on the recommendations of the company's Nominating and Corporate Governance Committee. The nomination is subject to his election by Callidus stockholders at the Annual Meeting of Stockholders, scheduled to be held on June 1, 2010.

Mark A. Culhane, age 50, has been the Executive Vice President and Chief Financial Officer of DemandTec, Inc., a leading provider of on-demand optimization solutions for retailers and consumer product companies, since 2001. Previously, Mr. Culhane worked at iManage, Inc., a provider of e-business content and collaboration software, as its Chief Financial Officer and Secretary from September 1998 to August 2001. Prior to his time at iManage, Mr. Culhane worked at SciClone Pharmaceuticals, Inc., an international biopharmaceutical company, from July 1992 to December 1997, in a variety of roles with ever increasing responsibility, ultimately as Chief Financial Officer and Secretary. From July 1982 to July 1992, Mr. Culhane worked at Price Waterhouse, ending his tenure as Senior Manager. Mr. Culhane earned his BS in Business Administration from the University of South Dakota. 

Mr. Culhane has been nominated by the Callidus Board of Directors to replace Mr. Youngjohns on the Board of Directors as a Class 1 Director. Mr. Youngjohns has continued to serve on the board since he was hired by Microsoft Corp. as President, North America Sales and Marketing in November 2007. Mr. Youngjohns has agreed with the Board to serve out his existing term on the Callidus Board of Directors which expires at the end of the 2010 annual meeting and will not stand for re-election due to other commitments. Callidus wishes to express its gratitude to Mr. Youngjohns for his many years of service.

"Robert Youngjohns has been instrumental in positioning the business for long-term profitable growth and we would like to thank him for his many years of dedicated service, both as CEO and as a member of the board of directors," said Chuck Boesenberg, Chairman of the Board at Callidus Software. "We welcome Mark Culhane, whose key experience in a Software-as-a-Service (SaaS) company along with his decade of work as an auditor will provide the Board of Directors and our Audit Committee with valuable insight and perspective as we expand our global leadership in sales talent lifecycle management solutions."

Callidus Software's award-winning solutions manage the entire sales lifecycle from on-boarding, to pay for performance, to talent development, while providing visibility into sales operations and financial performance. This gives customers the ability to align their sales force and channels with their business objectives to consistently and reliably execute on sales targets. The software is used by leading companies in a broad range of verticals including high-tech, telecommunications, banking, insurance, and pharmaceuticals. Since its inception nearly 15 years ago, the company has evolved into the most experienced, proven, and reliable SPM vendor in the marketplace. Callidus Software manages over $50 billion in incentives and compensation for more than 2 million payees in over 140 countries.

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About Callidus Software®
Callidus Software (www.callidussoftware.com) (NASDAQ: CALD) is the market and technology leader in Sales Performance Management (SPM). Callidus' customers gain a competitive advantage by maximizing sales cost efficiencies and driving improvements in sales execution. Our award-winning Software-as-a-Service (SaaS) applications set the standard for performance management across the sales force. Over 2 million employees and channel partners have their performance managed by Callidus Software.

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