SOURCE: Callidus Software Inc.

Callidus Software Inc.

May 23, 2011 07:00 ET

Callidus Software to Showcase Producer Lifecycle Management Solutions at 2011 5th Asian Insurance CFO Summit

Callidus Continues to Drive Adoption of SPM Suite Across Asia-Pacific

PLEASANTON, CA--(Marketwire - May 23, 2011) - Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), announced today it is a sponsor of the 2011 5th Asian Insurance CFO Summit. The conference will be held May 24-26 at The Harbor Grand, Hong Kong. The event, co-hosted by Ernst & Young, brings together over 200 investment managers, financial executives, regulators, and service providers from 20 countries to review opportunities to strategically grow their businesses and remain competitive.

For more information on the event, see: http://www.asiainsurancereview.com/pages/conference_details.asp?id=170.

"We are pleased to have the continued support of Callidus Software for the Asian Insurance CFO Summit -- the premier forum for insurance industry professionals, decision makers, and thought leaders in Asia," said Sheela Suppiah Raj, General Manager, Business Development at Asia Insurance Review. "In the face of rapidly-growing domestic markets and long overdue improvements to the regulatory environments, it is critical for insurance leaders to proactively manage risk and to take advantage of the incredible growth opportunities available to them. With its deep experience working with the largest global insurance companies, we expect Callidus to make a meaningful contribution to the exchange of ideas at this summit and look forward to a sustained partnership."

At this event, Callidus will showcase its Producer Lifecycle Management suite -- an end-to-end on demand platform for effectively driving sales growth through channel partners. The solution enables businesses to:

  • Accelerate producer onboarding to effectively meet sales channel capacity targets while managing new appointment risk
  • Rapidly deploy targeted incentives, key sales objectives (KSOs), and sales contests to align the channel with critical corporate growth targets
  • Gain visibility into channel performance with a single, SaaS-based platform for all sales performance data

"Asia is one of the fastest growing markets for the insurance industry and we are seeing tremendous demand for our solutions in this region," said Jimmy Duan, Senior Vice President, Asia Pacific and Latin America, Callidus Software. "This Forum is a great opportunity for insurance industry leaders to discuss how they can strike the right balance between risk management and growth. Callidus solutions drive selling velocity and transparency for producers, while managing the rigorous compliance requirements for businesses in this industry. We have built a thorough knowledge of the industry in working with many of the largest global companies in the region and are looking forward to making a positive contribution to the discourse."

The announcement follows recent news about Callidus' strong momentum in the Asia-Pacific, where it has signed five of the largest multinational financial services companies in the region.

Callidus was recently rated "Strong Positive," the highest possible rating, in the latest MarketScope for Insurance Incentive Compensation Management (ICM) Applications[1] by Gartner, Inc. (NYSE: IT)

[1] Gartner, Inc., "MarketScope for Insurance Incentive Compensation Management Applications, 2010," by Steven Leigh, November 29, 2010.

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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