SOURCE: Callidus Software Inc.

Callidus Software Inc.

May 17, 2011 07:00 ET

Callidus Software Named as Finalist in 2011 American Business Awards(SM)

Callidus Nominated in Best Company and Best Product Categories

PLEASANTON, CA--(Marketwire - May 17, 2011) - Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), announced today that it was named a finalist in the 2011 American Business Awards (The Stevies) in three categories: "Best Overall Company of the Year - Up to 2,500 Employees," "New Product or Service of the Year - Computer Software - New Version," and "Best Home Page."

The American Business Awards are the nation's premier business awards program. More than 2,800 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in more than 40 categories, including Most Innovative Company of the Year, Management Team of the Year, Best New Product or Service of the Year, Corporate Social Responsibility Program of the Year, and Executive of the Year. Finalists were chosen by business professionals nationwide during preliminary judging in April and May. Stevie Award winners will be selected from among the Finalists in each category next week by members of 10 specialized final judging committees. More than 150 executives will have participated in judging this year.

Details about The American Business Awards and the list of Finalists in all categories are available at www.stevieawards.com/aba.

"We are honored to be named a multiple finalist at the 2011 American Business Awards(SM)," said Lorna Heynike, Senior Vice President, Marketing, Callidus Software, commenting on the announcement. "Callidus' position in these categories validates the strength of our ongoing innovation in our Monaco product releases. Callidus Monaco On Demand leads the SPM market with its combination of ease of use, out-of-the-box best practices, and class-leading functionality, delivering an unmatched user experience. This recognition is testament to our relentless focus on delivering compelling value to our customers."

Callidus' Monaco On Demand Suite delivers a SaaS solution that helps companies manage the talent lifecycle of the sales professional to maximize their sales effectiveness. The solution:

  • 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
  • Supports sales talent profiling and coaching to optimize sales organization goal attainment
  • 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 announcement follows from recent news about Callidus' Monaco On Demand SPM Suite being named a finalist in the "Best Cloud Infrastructure" category at the 2011 CODiE™ Awards.

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 the Stevie Awards
Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com.

Sponsors and partners of The 2011 American Business Awards include Infogroup, IBM Netezza, American Support, Citrix Online, Epic Media Group, High Performance Technologies Inc., iolo technologies, LifeLock, Merisel, PetRays, SDL, SoftPro, and Vérité, Inc.

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 www.callidussoftware.com.

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