SOURCE: Callidus Software Inc.

Callidus Software Inc.

September 08, 2011 07:00 ET

New Business Win: Callidus Software Continues Strong Momentum, Signs Leading Global Software Vendor in Monaco SaaS Deal

PLEASANTON, CA--(Marketwire - Sep 8, 2011) - Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), announced today that it has signed a leading provider of software solutions to global enterprises for its Monaco On Demand SPM suite. The agreement was signed in the third quarter of 2011.

"This SaaS deal will provide Callidus' award-winning Monaco solutions to a major global technology provider. Monaco continues to gain momentum around the world with its unbeatable combination of ease of use and flexibility, all delivered as part of Callidus Cloud 100% multi-tenant SaaS infrastructure. The solution is designed from the ground up to provide more rapid time to value, reduced cost of ownership, and a superior customer experience, making Callidus SaaS the solution of choice for the world's technology leaders," said Leslie Stretch, President and CEO, Callidus Software.

The company will implement the Monaco Sales Performance pillar end-to-end to drive its internal sales performance including: TrueComp® Manager, Quota Management, Objective Management, Sales Communications, and Reporting & Analytics.

Callidus' Monaco On Demand suite delivers a SaaS solution that helps companies maximize their sales effectiveness. The solution:

  • Enables businesses to design and deploy the right mix of commission plans, MBOs, and SPIFFs to improve alignment of sales execution
  • Profitably increases sales and channel output through targeted incentives and rewards
  • Enables market agility with rapid go-to-market and mid-period coverage and incentive adjustments
  • Consolidates all sales results data in a single platform with real time web and mobile access

Callidus Software's Cloud is a comprehensive SaaS suite designed to help businesses drive more effective selling at each stage of the sales talent lifecycle, from improved sales hiring -- the foundation of strong sales performance -- to improved campaign execution, to high frequency coaching and development. The Callidus Cloud suite includes Callidus' 100% multi-tenant, high-availability SaaS infrastructure; its Sales Selection, Sales Effectiveness, Sales Performance, and Learning modules; SPMConnect for data management; and Reporting & Analytics. Callidus Software powers more than 2.5 million users across the globe.

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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 multi-tenant SaaS applications set the standard for performance management of a company's sales force and channel partners. Over 2.5 million users have their performance managed by Callidus Software. For more information, please visit www.callidussoftware.com.

©1997-2011 Callidus Software Inc. All rights reserved. Callidus Software, the Callidus Software logo, TrueComp Manager, ActekSoft and ACom3 are trademarks, service marks, or registered trademarks of Callidus Software Inc. 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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