SOURCE: Callidus Software Inc.

Callidus Software Inc.

October 01, 2009 07:07 ET

Callidus Software Named Into Software Magazine's Annual Software 500 for Fifth Consecutive Year

Software Magazine Ranks Callidus Software as the World's Largest Sales Performance Management Company

SAN JOSE, CA--(Marketwire - October 1, 2009) - Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced its inclusion in Software Magazine's 27th annual Software 500 ranking of the world's largest software and service providers. Callidus Software was ranked 209, with software revenue of $107 million, making it the highest ranking SPM vendor on the list. Callidus Software ranked in the top half of the list for the last five years in a row.

"We are extremely pleased to rank in the Software 500 for the fifth year in a row," said Lorna Heynike, senior vice president of marketing at Callidus Software. "To be recognized in the Software 500 list confirms our leadership in the market. We are commitment to providing businesses of any size and industry the best solutions to align sales behavior with corporate objectives, increase sales effectiveness and drive revenue."

Callidus Software's high ranking in the Software 500 further validates the value of its robust sales performance management suite that provides the visibility and flexibility necessary to boost business strategy. The company's domain expertise across a wide range of industries and its extensive product offering enables companies of any size to improve sales performance, increase profits and increase revenue.

The Software 500 is a revenue-based ranking of the world's largest software and services suppliers targeting medium to large enterprises, their IT professionals, software developers and business managers involved in software and services purchasing.

"The 2009 Software 500 results show that revenue growth in the software and services industry was healthy, with total Software 500 revenue of $491.3 billion worldwide for 2008 representing 8.8% growth from the previous year," says John P. Desmond, editor of Software Magazine and Softwaremag.com.

"The Software 500 helps CIOs, senior IT managers and IT staff research and create the short list of business partners," Desmond says. "It is a quick reference of vendor viability. And the online version is posted at www.Softwaremag.com is searchable by category, making it what we call the online catalog to enterprise software."

The ranking is based on total worldwide software and services revenue for 2008. This includes revenues from software licenses, maintenance and support, training and software-related services and consulting. Suppliers are not ranked on their total corporate revenue, since many have other lines of business, such as hardware. The financial information was gathered by a survey prepared by King Content Co. and posted at www.Softwaremag.com, as well as from public documents.

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

About Callidus Software®

Callidus Software (www.callidussoftware.com) (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 of a company's sales force and its other employees. Over 2 million employees and channel partners have their performance managed by Callidus Software.

About Digital Software Magazine, the Software Decision Journal, and Softwaremag.com

Digital Software Magazine, the Software Decision Journal, has been a brand name in the high-tech industry for 30 years. Softwaremag.com, its Web counterpart, is the online catalog to enterprise software and the home of the Software 500 ranking of the world's largest software and services companies. Software Magazine and Softwaremag.com are owned and operated by King Content Co.

© 1998-2009 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.

Contact Information