SOURCE: Callidus Software Inc.

Callidus Software Inc.

July 27, 2012 07:00 ET

Leading Provider of On-Demand HR Services Selects CallidusCloud's CPQ Solution to Accelerate Sales

PLEASANTON, CA--(Marketwire - Jul 27, 2012) - Callidus Software Inc. (NASDAQ: CALD), the leader in sales effectiveness and cloud computing, announced today that a trusted, strategic on-demand HR partner to small businesses and entrepreneurs has selected the CallidusCloud™ CPQ (Configure, Price, Quote) solution to automate and accelerate the quotation and proposal generation process for its sales team. The agreement was signed in the second quarter of 2012.

"We are delighted to welcome this high-growth SaaS company to the CallidusCloud community. Maximizing deal revenue, protecting margin and generating a professional proposal in seconds delivers tremendous value to all companies," said Leslie Stretch, President and CEO, CallidusCloud. "Implementing CallidusCloud CPQ means you can rapidly turn customer requirements into proposals, receive automated upsell and cross-sell recommendations whilst at the same time optimizing commissions. This drives deals to closure, maximizes revenue and provides an unrivalled customer experience. Our mobile CPQ capability further increases the speed and flexibility of the sales process so that high-quality, optimized proposals can be generated anytime, anywhere, on any device."

CallidusCloud CPQ provides a 100% multi-tenant, SaaS solution that simplifies and accelerates the selling of all types of products and services. Requiring only a browser, CPQ enables users to quickly configure, price, quote, propose, and sell. The solution specializes in boosting sales through faster, more accurate quotes, collaborative-based selling, and increasing profit margins across companies with simple product catalogs all the way to complex, multi-channel sales networks.

The CPQ solution is delivered as part of CallidusCloud's sales and marketing suite, a SaaS solution that is designed to help businesses drive enterprise engagement, sales performance management and sales effectiveness at all stages of 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 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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