SOURCE: Callidus Software Inc.

Callidus Software Inc.

August 01, 2012 07:00 ET

Leading Health Plans Select CallidusCloud to Improve Insurance Incentive Compensation Management Processes

CallidusCloud Cements Industry Leadership With 112 Insurance Compensation Customers

PLEASANTON, CA--(Marketwire - Aug 1, 2012) - Callidus Software Inc. (NASDAQ: CALD), the leader in sales effectiveness and cloud computing, announced today that two major U.S. providers of Medicare and basic health plans have selected CallidusCloud's® Insurance Incentive Compensation Management (ICM) solution. The companies will gain insight into producer and affiliate performance whilst automating the payment of commissions and bonus plans. CallidusCloud reinforces its leadership position in the insurance industry with 112 insurance compensation management customers. Both agreements were signed in the second quarter of 2012.

"Leading companies continue to turn to CallidusCloud to automate their sales processes," said Tom Davis, Vice President of Sales and Marketing, Insurance, CallidusCloud. "These companies will be using our industry-leading ICM solution to automate the way they process and pay commissions and bonuses, and to tap into rich sales analytics. They'll also gain strong insight into the performance of their agents, affiliates and producers."

CallidusCloud's ICM solution is built to deliver extreme automation in integration, plan configuration, producer management, payout calculation and communication. It is a highly configurable solution supporting rapid deployment, ease of use and reduced operational complexity. As part of the solution, the producer portal allows for web-based delivery of payment and performance-related information through the web or a CRM system.

The ICM solution is delivered as part of CallidusCloud's sales and marketing suite, a SaaS suite that is designed to help businesses drive enterprise engagement, sales performance management and sales effectiveness throughout the sales cycle with award-winning, multi-tenant cloud software. CallidusCloud offers the following SaaS and mobile solutions: candidate assessment tests for hiring, video interviews, marketing automation, quotes and proposals, sales enablement, sales coaching, sales commission management, learning management and content authoring, underpinned by analytics and enterprise gamification.

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About Callidus Software
Callidus Software Inc. (NASDAQ: CALD) is the market and technology leader in sales effectiveness and cloud computing. Our customers gain a competitive advantage by maximizing sales cost efficiencies and driving improvements in sales effectiveness. CallidusCloud's award-winning multi-tenant SaaS applications set the standard for performance management of a company's sales force and channel partners. Over 2.5 million users rely on our solutions to power their performance. 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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