SOURCE: Callidus Software Inc.

Callidus Software Inc.

January 29, 2010 07:07 ET

Callidus Software Signs Partnership With Excel Technology -- Continues Expansion in Asia Pacific

One of Asia's Largest Independent Software and Consulting Companies to Provide Callidus Sales Performance Management Solutions to Local Markets

SAN JOSE, CA--(Marketwire - January 29, 2010) - Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced a partnership with Excel Technology Holdings Limited ("Excel," HKSE stock code: 8048), one of the largest independent software and consulting services companies in Asia. Under the agreement, signed in the fourth quarter of 2009, Excel will resell, implement and support Callidus Software's sales performance management solutions in Asia.

"With its over 500 employees and ten offices in Asia Pacific, Excel provides enterprise software and consulting services to multi-national banks and regional financial services companies in the fast-growing Asian markets," said Ms. Peggy Chan, Chairman and CEO of Excel. "Our customers demand solutions that accelerate their business growth and align the performance of their sales organizations and channel partners with their key business objectives. Sales performance management is a natural extension of our company's offerings. Partnering with Callidus Software enables us to provide a full suite of value-adding solutions to our customers and other financial services companies throughout Asia."

Callidus Software proudly serves customers in over 140 countries. Through the partnership, both companies expand their market share in the fast growing financial services and insurance industries.

"We recognize the strong demand for SPM solutions, such as compensation management and channel management, in the rapidly growing banking, financial services and insurance companies in the Asia Pacific region, and we consider serving this market an important strategic initiative," said Jimmy Duan, senior vice president of analytics, business process management and SaaS solutions at Callidus Software. "Excel Technology has a large customer base in Greater China and Southeast Asia and extensive experience in serving financial services companies. We are pleased to partner with Excel Technology to extend our market-leading sales performance management solutions to the high-growth industries in Asia and maximize the values for our joint customers."

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. This gives customers the ability to align their sales force and channels with their business objectives and consistently and reliably execute to improve sales results. 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 Excel Technology Holdings Limited

Excel Technology International Holdings Limited [stock code: 8048] is a leading enterprise software solutions provider with a primary focus in the banking, finance, and logistics sectors in Asia. Excel's major business includes enterprise software development and deployment, IT strategy planning and consulting, development outsourcing, ERP system implementation, systems integration and Application Service Provider (ASP) services. Excel has around 400 employees with offices in Hong Kong, Beijing, Shanghai, Shenzhen, Dongguan, Hangzhou, Taiwan, Singapore and Malaysia. Excel's clients include various monetary authorities and central banks, major international and Chinese banks, multinational financial institutions and companies with cross border operations that require regional support. Company Website: www.excel.com.hk.

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