SOURCE: Callidus Software Inc.

Callidus Software Inc.

May 19, 2011 07:00 ET

Callidus Software Announces Continued Growth in Asia-Pacific

Leading Financial Services Companies Select Callidus to Drive Sales Performance

PLEASANTON, CA--(Marketwire - May 19, 2011) - Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), announced continued momentum across Asia-Pacific in the adoption of its SPM suite, a set of solutions that manage the lifecycle of the sales professional to maximize sales effectiveness. In the first quarter, Callidus signed one of the largest universal banking franchises in the ASEAN, and in the second quarter, a leading pan-Asian insurance group with a strong presence in over a dozen Asia-Pacific markets. Callidus has now signed five multinational financial services companies that collectively reach over 90% of the population in this region, in less than a year.

"The dynamic, competitive nature of the Asia-Pacific insurance and financial services market means businesses need to control and quickly adapt large-scale sales channels across regions to capitalize on changing market trends," said Jimmy Duan, Senior Vice President, Asia Pacific and Latin America, Callidus Software. "The Callidus suite is gaining momentum in this high-growth region because of its unbeatable combination of control and adaptability, enabling businesses to drive growth without compromising their sales agility. Callidus' ability to deliver the scalability and flexibility required to support multi-region and multi-channel sales strategies means it is the solution of choice in the market."

The Callidus SPM suite helps companies manage the talent lifecycle of the sales professional to maximize their sales effectiveness. The solution:

  • Supports sales talent assessments and coaching to optimize sales organization goal attainment
  • Enables deployment of targeted incentives, key sales objectives (KSOs), bonuses, and non-cash rewards across the distributed sales network to control and drive selling behavior
  • Consolidates all sales results data in a single platform with real time web and mobile access to deliver superior visibility into operations and financial performance

The top sales forces in the world rely on Callidus' solutions including seven of the top 15 insurance organizations, five of the top 15 banks, eight of the top 15 telecommunications companies, and six of the top 15 pharmaceutical companies.

Callidus Software's award-winning solutions manage the entire sales talent lifecycle from onboarding, to incentives and rewards, to coaching and performance optimization, while providing visibility into operations and financial performance. This gives customers the ability to align their sales force and channels with their key business objectives to consistently and reliably execute on sales targets. 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 powers more than two million users across the globe.

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 effectiveness. Our award-winning Software-as-a-Service (SaaS) applications set the standard for performance management of a company's sales force and channel partners. Over 2 million employees and channel partners have their performance managed by Callidus Software. For more information, please visit

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