SOURCE: Callidus Software Inc.

Callidus Software Inc.

Callidus Software Inc.

April 16, 2010 07:00 ET

New Business Win: Americo Financial Life and Annuity Insurance Company Selects ActekSoft's ACom3

SAN JOSE, CA--(Marketwire - April 16, 2010) -  ActekSoft, a Callidus Software Inc. (NASDAQ: CALD) company and leading provider of commission and compliance software, today announced Americo Financial Life and Annuity Insurance Company, a leading provider of life insurance and annuity products, has selected ActekSoft's ACom3 Commission and Incentive Compensation System and the ACom3 License and Compliance System. Under the agreement, signed in the first quarter of 2010, Americo will use the ACom3 solution to automate commission and compliance functions for its large network of independent agents operating across the United States.

Americo places a high degree of value on providing the best service possible to their distribution partners. The ACom3 product suite has a wide range of features to further improve both the services the company currently provides, and the relationships Americo continues to build.

"Optimizing sales performance is a key requirement for insurance companies to align the behavior of their sales and channel groups with business objectives to consistently and reliably deliver on business results," said Farley Lavett, co-founder and president at ActekSoft. "Businesses need to effectively monitor and control costs with better visibility of incentives and payments to producers. They also need to focus on how to effectively grow producer revenue, and ensure long-term producer loyalty in an increasingly competitive market. We're looking forward to supporting Americo as they continue to build on their selling success."

About Americo
Americo offers a portfolio of life insurance and annuity products, designed with policyholders and agents in mind. For more information, visit the company's website at

About ActekSoft
ActekSoft delivers commission and incentive compensation software solutions to automate the process of calculating and managing complex commission, incentive and bonus pay arrangements. Founded in 1999, with a focus on developing J2EE software products for the healthcare payer market, ActekSoft's products are now used in all segments of the insurance and financial services industries. Our focus is the delivery of highly user-configurable software capable of delivering power to non-technical users, ensuring our products provide both tactical and strategic benefits, along with quantifiable return-on-investment (ROI). ActekSoft is a Callidus Software Inc. (NASDAQ: CALD) company, headquartered in Birmingham, Alabama.

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