SOURCE: Callidus Software Inc.

Callidus Software Inc.

February 04, 2010 07:00 ET

New Business Win: Comodo Selects Callidus Software's Solution for Commissions Management

Leading Internet Security Company Selects Native Application Commissions Manager

SAN JOSE, CA--(Marketwire - February 4, 2010) - Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced Comodo Group, Inc., a leading brand in Internet security, has selected Callidus Software to manage its commissions. Under the agreement, signed in the first quarter of 2010, Comodo will use Callidus Software's Commissions Manager to track and manage sales commissions for its direct sales force in North America.

"We are excited about Callidus Software's Commissions Manager solution," said Sharif Shaalan, administrator at Comodo. "The solution is fully integrated with our Salesforce CRM system and allows us to manage our sales automation and performance management in one place, with no additional software or setup. With Commissions Manager, we can now track commissions for upcoming and closed deals, as well as commissions claims and payments. This provides transparency into the commissions process not only for management, but also for sales. This way, our sales force has confidence in our solution and can focus on selling rather than auditing earnings reports."

Callidus Software's self-service applications deliver an easy on-ramp to sales performance management. With Commissions Manager, sales professionals can track their deal status and projected commissions, initiate claims for credit and payment on closed deals, and track the status and amounts of paid and pending commission as part of their day-to-day opportunity management. In addition, role-based dashboards across stakeholders help identify claims pending payment, overall earnings, and sales operations and financial performance to date.

"In a highly competitive market like Internet security, businesses can only be successful if they can effectively motivate sales and improve confidence in the commissions process through enhanced transparency," said Lorna Heynike, senior vice president of marketing at Callidus Software. "We provide our customers with solutions that enable their sales force to use an integrated platform to manage their own deal and earnings pipeline. This puts the sales rep at the center of the selling process and helps increase confidence in the system, reduce shadow accounting, and save precious selling time."

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.

For more news on sales performance management, follow Callidus on LinkedIn, Facebook and Twitter.

About Callidus Software®

Callidus Software ( (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 Comodo

Comodo is a leading brand in Internet security, covering an extensive range of security software and services, including digital certificates, PCI scanning, desktop security, online faxing, and computer technical support services.

Businesses and consumers worldwide recognize Comodo as standing for security and trust. Comodo products secure and authenticate online transactions for over 200,000 businesses and have more than 25,000,000 installations of Comodo desktop security software, including an award-winning firewall and antivirus software offered at no charge.

The Comodo family of companies is committed to continual innovation, core competencies in PKI, authentication, and malware detection and prevention. As a catalyst in eliminating online crime, the companies' mission is to establish a Trusted Internet.

With US headquarters overlooking Manhattan on New Jersey's waterfront, and global resources in United Kingdom, China, India, Ukraine, and Romania, Comodo products offer intelligent security, authentication, and assurance.

Comodo -- Creating Trust Online®. For more information, visit Comodo's website, or our Internet Video Channel, Comodo.TV.

© 1998-2010 Callidus Software Inc. All rights reserved. Callidus Software, the Callidus Software logo, and TrueComp Manager 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.

Contact Information