SOURCE: Callidus Software Inc.

November 17, 2008 07:00 ET

Callidus Software Named Among Top 100 Global Providers of Financial Technology

Sales Performance Management Leader Named to FinTech 100 Ranking

Reflects Company's Growth and Innovative Success

SAN JOSE, CA--(Marketwire - November 17, 2008) - Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced that American Banker and Financial Insights ranked the company 86th in the FinTech 100 rankings. The list recognizes the top vertical technology vendors in the world who derive more than one-third of their revenue from the financial services industry.

"We are honored to rank in the FinTech 100," said Steve Apfelberg, senior vice president of marketing and business development at Callidus Software. "In addition to our success in the telecommunications, technology and pharmaceuticals sectors, we have thrived in the global financial industry. This ranking underscores our strong presence in that segment and further validates Callidus Software's leadership position in the sales performance management market."

With the inclusion into this ranking, Callidus Software has joined an elite group of vendors that stand out among the thousands of financial technology companies around the world for their volume of business/services conducted exclusively for the financial sector.

Callidus Software ranked 86th on the list of financial technology companies that were judged according to their global revenues -- attesting to the company's stability and importance to the industry. The company's expertise in the financial services industry and its strategic partnerships drive its growing customer base. Callidus Software continues to invest in the financial industry by introducing new ideas to drive revenue and by developing innovative products such as TrueProducer.

For more information about the rankings, visit www.financial-insights.com/fintech. To view the FinTech Special report, visit www.AmericanBanker.com/fintech100.

About Callidus Software®

Callidus Software (www.callidussoftware.com) (NASDAQ: CALD) is the market and technology leader in Sales Performance Management (SPM). Performance-based compensation is one of the largest investments for all companies. Callidus' customers gain a competitive advantage by maximizing the return on this strategic asset. Our award-winning Software-as-a-Service (SaaS) applications set the standard for pervasive performance management across the enterprise. Over 1.9 million employees and channel partners have their performance managed by Callidus Software.

© 1998-2008 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, TrueMBO, TrueAllocation, TrueProducer, TrueQuota, TrueReferral, TrueResolution, TrueTarget 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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