SOURCE: Callidus Software Inc.

August 21, 2007 07:07 ET

Callidus Software and The ReThink Group Announce Service Alliance

Managed Services Offering to Extend Throughout Europe

SAN JOSE, CA--(Marketwire - August 21, 2007) - Callidus Software Inc. (NASDAQ: CALD), a leader in Sales Performance Management (SPM), and The ReThink Group, a leading European managed services and resourcing company, today announced a global alliance aimed at expanding the geographic reach of Callidus Software's TrueService+™ managed service offering. The alliance will offer joint clients a wide range of options for the ongoing management and support of Callidus SPM solutions.

Callidus TrueComp® Manager software manages sales performance and incentives for clients and ReThink delivers Managed Services to support the customer throughout the implementation stage and into software optimization and client development. In a recent program with a leading U.K. retail bank, ReThink has integrated and managed a service for approximately 20,000 cashiers, branch managers, personal bankers and other direct sales and service staff.

In this program, The ReThink Group has been engaged in a multi-year service contract to manage the business administration of the application, to handle and resolve enquiries from front-line staff and to assist the client in optimizing the yield and ROI from the implementation.

"We are pleased to formalise our relationship with The ReThink Group," said Leslie Stretch, senior vice president for global sales, marketing and on-demand business at Callidus Software. "Growth in Callidus-linked managed services has been driven by client demand for seamless, long-term, and business outcome-oriented administrative and technical services that enhance the value of the core SPM implementation. We wholeheartedly believe our managed services offering will provide exceptional value to our clients in the form of reduced costs, improvement in service levels, mitigation of operational risk, and predictability of business outcomes."

"We view SPM as a key investment area for leading organizations in the UK and Europe," said Simon Church, director at The ReThink Group. "Our alliance with Callidus Software will allow us to provide highly cost-effective managed service solutions to new and existing clients and will serve as a growth platform for our business."

The benefits of managed services include reduced risk, improved service levels and reduced total cost of ownership.

Callidus' SPM software solutions deliver high and proven ROI in a very short period of time by allowing sales executives to make better incentive decisions, providing timely visibility into sales and channel performance and giving them the flexibility to rapidly deploy new sales and distribution strategies and tactics.

About Callidus Software®

Callidus Software (www.callidussoftware.com) (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.

About The ReThink Group

ReThink Professional Services, a division of The ReThink Group, creates and delivers client managed services to support the implementations of technology and software on or off premises within the UK and overseas, providing consultancy, recruitment, team creation, service management, transition services, analytics and optimization services.

© 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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