SOURCE: Callidus Software Inc.

Callidus Software Inc.

May 21, 2010 07:00 ET

Callidus Software to Showcase Producer Lifecycle Management Solution at 2010 4th Asian Insurance CFO Summit

Sales Performance Management Leader Demonstrates Global Solution for Performance Management in Insurance

SAN JOSE, CA--(Marketwire - May 21, 2010) -  Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced it will showcase its Producer Lifecycle Management suite at the 2010 4th Asian Insurance CFO Summit. The conference will be held May 24-26 at the Marina Mandarin Hotel, Singapore. The event brings together investment managers, financial executives, service providers to the insurance industry, and regulators to review opportunities to strategically grow their businesses and remain competitive. For more information on the 4th Asian Insurance CFO Summit, go to http://www.callidussoftware.com/newsroom/.

"The Asian Insurance CFO Summit is attracting more and more insurance industry executives and leading solution providers each year," said Sheela Suppiah Raj, General Manager, Business Development at Asia Insurance Review. "We are very pleased to welcome Callidus Software as a sponsor for the conference."

"Asia is one of the fastest growing markets for the insurance industry," said Jimmy Duan, senior vice president, Asia Pacific and Latin America at Callidus Software. "The Asian Insurance CFO Summit provides a great opportunity for insurance and financial services leaders to exchange thoughts on how to capitalize on the rapid changes in the market and achieve profitable, sustainable growth. As the market and technology leader in lifecycle management and compensation management for insurance and financial services, Callidus is very excited to sponsor this conference. We are looking forward to discussing how incentive and performance programs can drive immediate value for businesses and protect their long-term competitive position for growth."

Attendees of the event will discover how Callidus' Producer Lifecycle Management suite supports a comprehensive solution for managing and optimizing distributor performance. At its core, the suite drives distributor performance through incentives, helping insurers save money through reduced leakage and overpayments. Because Callidus also manages the on-boarding and master data of agents, businesses can evaluate the effectiveness of their distribution channels against targets, and easily adapt capacity, coverage, and incentive programs to drive selling behaviors and meet changing business conditions.

Callidus Software's award-winning solutions manage the entire sales talent lifecycle from on-boarding, to incentives and rewards, to talent development, while providing visibility into operations and financial performance. This gives customers the ability to align their sales force and channels with their 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 manages over $50 billion in incentives and compensation for more than 2 million payees in over 140 countries.

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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