SOURCE: Callidus Software Inc.

Callidus Software Inc.

December 15, 2009 07:00 ET

Callidus Software Expands in the African Market With Seven Seas Technologies

Market-Leader Grows Partner Eco-System to Deliver Sales Performance Management in Africa

SAN JOSE, CA--(Marketwire - December 15, 2009) - Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), continuing the momentum of its global partner eco-system, today announced a partnership with Seven Seas Technologies, a leading provider of integrated business and technology solutions. Under the agreement, Seven Seas Technologies will resell, implement and support Callidus Software's sales performance management solutions in Africa.

"Faced with increasing competition and consumer assertiveness, African companies are seeking new and faster ways of acquiring real-time and accurate information," said Mike Macharia, Group CEO at Seven Seas Technologies. "Sales performance management solutions improve visibility into the sales lifecycle. The applications play a critical role in motivating channel partners and sales teams through sharing of critical business information. Seeing substantial opportunity in the African marketplace, we decided to partner with Callidus Software because of its strength in the telco and financial sectors. It's an exciting moment for us as we look forward to transforming the way companies manage critical business processes."

Callidus Software proudly serves customers in over 130 countries. By partnering with Seven Seas Technologies, Callidus further expands its global partner eco-system. The partnership allows Callidus Software to bring its market-leading sales performance management systems to the African market. Seven Seas Technologies will be an exclusive reseller of Callidus' applications in the West and East African markets. Its extensive market expertise reinforces Callidus' commitment to consistent quality that meets the highest standards and expectations of Callidus Software's customers.

"The demand for sales performance management solutions is growing globally," said Jimmy Duan, senior vice president of analytics, business process management and SaaS solutions at Callidus Software. "In Africa, the telco and financial services markets have experienced rapid growth. Seven Seas Technologies is dedicated to supporting our new customers in the region to be successful and achieve the rapid ROI our solutions can deliver."

Callidus Software provides companies of all sizes with an end-to-end performance management platform. Callidus enables businesses to optimize the entire sales lifecycle from sales on-boarding, to quota and plan deployment, and payment. This helps deliver a high ROI in a very short period of time. The company’s solutions give actionable insight into sales execution and channel operations thereby providing the tools to fine-tune sales performance.

Callidus Software's solutions are being used by the leading companies in a broad range of verticals including banking, insurance, telecommunications, high-tech, manufacturing, life sciences and retail and distribution.

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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.

About Seven Seas Technologies

Seven Seas Technologies is a leading provider of integrated business and technology solutions across Africa in the Financial, Telecom, Real Estate, Service Industries and Government, in partnership with Global Technology Industry leaders and collaborative synergies with Domain & Technology centric Eco-system Partners. We deliver business value to customers through a combination of process excellence, quality frameworks and Service Delivery innovation. Our Core Motivation is defining Service Excellence in Technology driven business solutions.

© 1998-2009 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, TrueTarget 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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