SOURCE: Callidus Software Inc.

Callidus Software Inc.

February 03, 2010 14:50 ET

Callidus Software Named One of "20 Top Coolest Cloud Productivity App Vendors" by CRN

Everything Channel's CRN Recognizes TrueComp® Manager Solution for Outstanding Incentive Management Capabilities

SAN JOSE, CA--(Marketwire - February 3, 2010) - Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced it was named one of the "20 Coolest Cloud Productivity App Vendors" as part of the list of the "100 Coolest Cloud Computing Products" by Everything Channel's CRN. Everything Channel represents the world-wide community of product resellers, also known as Solution Providers, product vendors, distributors, and customers that together account for approximately two-thirds of all technology products and services sold each year.

CRN editors wrote: "With its on-demand sales performance and incentive compensation management applications, Callidus seeks to do for sales compensation management what Saleforce.com has done for CRM. The applications help businesses manage incentive payments to employees, distributors, brokers and -- yes -- channel partners, to help align those incentives with corporate goals."

"We're very excited to be named to the 100 Top Coolest Cloud Computing Products," said Lorna Heynike, senior vice president of marketing at Callidus Software. "This recognition validates Callidus' strong leadership in developing innovative cloud computing solutions in the sales performance management marketplace. It underscores our commitment to providing best-of-breed on-demand solutions that enable businesses to leverage and align sales and channel behavior to consistently and reliably meet sales targets."

The "100 Top Coolest Cloud Computing Products" list was based on nominations from Solutions Providers rating technology, channel influence, effectiveness and visibility along with business and sales impact. The final selections were made by a panel of Everything Channel Editors. Winners were announced online at www.channelweb.com and featured in the January 25 issue of CRN.

Callidus Software's award-winning solutions manage the entire sales life-cycle from on-boarding, deployment and payment, to talent development, while providing visibility into sales operations and financial performance. 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.

About Everything Channel

Everything Channel, headquartered in Framingham, MA, is a technology marketing and sales solutions company. Through its "Complete Technology Channel Solution," Everything Channel offers the right business tools to accelerate technology sales. From branding and recruiting to marketing and sales, Everything Channel offers technology marketers the unmatched breadth and depth of global brands and market intelligence combined with unparalleled audience loyalty and credibility serving all technology sales channels through an extensive database. Everything Channel provides innovative field sales and marketing solutions to the sellers of technology to achieve measurable and significant results.

About United Business Media Limited

UBM (UBM.L) focuses on two principal activities: Worldwide information distribution, targeting and monitoring; and, the development and monetization of B2B communities and markets. UBM's businesses inform markets and serve professional commercial communities -- from doctors to game developers, from journalists to jewelry traders, from farmers to pharmacists -- with integrated events, online, print and business information products. Our 6,500-person staff in more than 30 countries is organized into specialist teams that serve these communities, bringing buyers and sellers together, helping them to do business and their markets to work effectively and efficiently.

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