SOURCE: Callidus Software Inc.

May 20, 2008 07:07 ET

Callidus Software Ranks 4th on CIOZone's "Surging 60" List of Fastest-Growing Software Companies

Sales Performance Management Leader Ranks Among Top Five on Prestigious List of "20 Fastest-Growing Small Software Companies"

SAN JOSE, CA--(Marketwire - May 20, 2008) - Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced it has been named to CIOZone's prestigious "Surging 60" list -- a list that recognizes the 60 fastest growing software companies in the United States. Callidus Software was ranked 4th on the list of the "20 Fastest-Growing Small Software Companies." The rankings were based on 2007 revenue and profit numbers of publicly held software companies -- a year that saw Callidus' sales growth numbers soar 34% to $101.7 million.

"The companies that made the list are clearly meeting the needs of today's CIOs -- who are looking to deploy critical software that boosts the bottom line and increases corporate efficiency," said John McCormick, chief content officer, CIOZone.

Callidus' high ranking on the list of the "20 Fastest-Growing Small Software Companies" places it after only Omniture, Netsuite, and Concur Technologies, respectively. The ranking included U.S.-based software companies with revenues between $50-150 million.

"We are very pleased and honored to have been named to the 'Surging 60' list," said Leslie Stretch, president and CEO at Callidus Software. "This recognition further validates Callidus' leadership position in the sales performance management market and underscores our ongoing commitment to providing customers with innovative, best-of-breed solutions for aligning sales strategy with corporate objectives to drive revenue growth."

In challenging economic times and faced with unprecedented competition, companies are pursuing new ways to increase revenue and optimize profitability. Sales performance management is one of the untapped levers to bring these strategies to life. Callidus' solutions help companies align corporate objectives with sales strategy.

Callidus' SPM software solutions deliver a high ROI in a very short period of time by allowing sales executives to make better incentive decisions, providing timely visibility into channel operations, 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 the 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 1.8 million salespeople, brokers, and channel representatives have their sales performance managed by Callidus Software's products.

About CIOZone

CIOZone™ (www.ciozone.com) is the first and only ProSocial™ Network for chief information officers (CIOs). The mission of CIOZone is to create and maintain a highly interactive global community where information technology professionals can connect with their peers, discuss common challenges, share IT best practices, learn about the newest technology implementations, and mentor young professionals. Launched in January 2008, CIOZone now counts 1,600 CIOs and other high-ranking IT executives as members.

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