SOURCE: Callidus Software Inc.

September 25, 2007 07:07 ET

Leading Latin American Financial Institution Selects Callidus Software's TrueComp Module for Sales Performance Management

Division of Mexico's Leading Financial Group to Standardize Its Operations on Callidus Platform

SAN JOSE, CA--(Marketwire - September 25, 2007) - Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced that one of Mexico's largest insurance companies and a division of the country's leading financial group, has selected Callidus Software to manage its sales performance management and incentive compensation programs to better manage its rapidly expanding operations in Latin America. Under the confidential agreement signed in the third quarter of 2007, the company will use the Callidus TrueComp® Manager, TrueInformation® and Callidus TrueAnalytics™ software modules to manage sales performance and incentive compensation programs for its direct sales force and indirect sales channels.

In challenging economic times and faced with ever-expanding global competition, companies are pursuing new ways to drive revenue and optimize profitability. Sales performance and incentive compensation are two of the untapped avenues for translating those objectives into reality. Callidus solutions aid companies in their quest to align corporate objectives with sales strategies, which can ultimately help maximize profitability, drive revenue and increase shareholder value.

"Callidus Software helps the world's leading companies take action to improve their sales performance management and enterprise incentive strategies. We provide sales executives with optimum visibility into business operations and the flexibility to deploy new tactics on-premise or on-demand," said Bryan Burkhart, vice president of sales for the Americas at Callidus Software. "By providing executives and sales management with a very detailed view of critical sales data, and enabling quick adaptability and informed course correction, Callidus can help drive sales strategies toward desired business outcomes. We are very excited about the expansion of our business to Latin America, which we consider a promising new territory for our sales efforts."

By every meaningful measure -- be it the number of customers, payees, or size of transactions -- Callidus Software is the leading provider of Sales Performance Management software and services. Callidus SPM software solutions deliver a high ROI in a short period of time by allowing sales executives to make superior incentive decisions, by providing timely visibility into channel operations, and by giving them the flexibility to rapidly implement new sales and distribution strategies.

About Callidus Software®

Callidus Software ( (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.

© 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, 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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