SOURCE: Callidus Software Inc.

Callidus Software Inc.

October 09, 2012 07:00 ET

Leading Biopharmaceutical Company Selects CallidusCloud's Commissions to Automate Processing of Compensation Plans

PLEASANTON, CA--(Marketwire - Oct 9, 2012) - Callidus Software Inc. (NASDAQ: CALD), a leading provider of hiring, learning, marketing and selling cloud software, announced today that a leading biopharmaceutical company has selected CallidusCloud's Commissions. The CallidusCloud® solution replaces an existing sales compensation management system to provide greater flexibility in the management of the compensation and bonus plans for the North American sales teams. The agreement was signed in the third quarter of 2012.

"This new contract underscores the importance of having a configurable, easy to maintain cloud solution to drive true sales performance," said Eric Brown, Vice President, North America Sales, CallidusCloud. "The biopharmaceutical industry is a complex and rapidly changing marketplace. It is of paramount importance that the compensation process is automated and flexible. This competitive replacement highlights the desire of customers, across all industries, to avoid lengthy consulting exercises while maintaining the ability to carry out vital plan changes by themselves."

CallidusCloud's Commissions enables companies to deploy targeted incentives and commission programs to drive sales execution. It provides businesses with the ability to automate the calculation and payment of commissions across internal and external sales. With extensive modeling and analytics capabilities, the solution provides clear insight into the performance of current plans as well as a highly accurate forecast of future performance. Sales operations and finance enjoy significant time and cost savings whilst sales teams enjoy faster, more accurate and more transparent commission payments.

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About CallidusCloud
Callidus Software Inc. (NASDAQ: CALD), doing business as CallidusCloud, is a leading provider of cloud software. CallidusCloud enables organizations to drive performance and productivity across their business with our hiring, learning, marketing and selling clouds. From back office to the field, from desktop to mobile, we ensure organizations have the right tools to be more effective and perform better. The combined power of our clouds, our people, and our partners fuels growth, empowers the work force and delivers real value. CallidusCloud drives performance and productivity for over 1500 leading organizations. Small, medium and large enterprises across multiple industries and geographies rely on CallidusCloud for quicker hiring, simpler learning, better marketing, and smarter selling.

For more information, please visit www.calliduscloud.com.

©2012. Callidus Software Inc. All rights reserved. Callidus, Callidus Software, the Callidus Software logo, CallidusCloud, the CallidusCloud logo, TrueComp Manager, ActekSoft, ACom3, ForceLogix, Salesforce Assessments, iCentera, Webcom, Litmos, the Litmos logo, LeadFormix, Rapid Intake and 6FigureJobs are trademarks, service marks, or registered trademarks of Callidus Software Inc. and its affiliates 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.

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