SOURCE: Callidus Software Inc.

Callidus Software Inc.

October 07, 2009 07:00 ET

New Business Win: Callidus Software Continues Strong Momentum and Signs Top-Ten Pharma Customer in Groundbreaking SaaS Deal

SAN JOSE, CA--(Marketwire - October 7, 2009) - Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced it signed a major new customer for its on-demand Monaco suite. The agreement was signed in the third quarter of 2009.

"This SaaS deal will provide market-leading SPM services to a top-ten European pharmaceutical company. Serving 5,500 payees, this is a very significant deal for our Monaco suite in 2009. Monaco leads the SPM market with its unbeatable combination of ease of use and deep functionality, all delivered by Callidus On-Demand. SaaS is taking hold in the enterprise market. In deals like this, our solutions replace existing and inflexible legacy solutions and bring our customers enterprise SaaS from the SPM market-leader," said Jeff Saling, senior vice president of global sales at Callidus Software.

Now, more than ever, achieving cost efficiencies and driving performance is critical for delivering on results. Sales Performance Management (SPM) -- including incentive compensation management to control sales costs and performance management to drive sales growth -- provides the tools to power businesses to greater selling success.

The Callidus SPM Suite provides an end-to-end performance management platform. The suite enables businesses to optimize the sales lifecycle from sales on-boarding, to sales quota and plan deployment, to sales payment, lowering the overall cost of management and accelerating sales readiness. Callidus delivers a high ROI in a very short period of time by delivering timely insight to sales performance and channel operations, and the tools to quickly course correct to tune that performance.

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About Callidus Software®

Callidus Software (www.callidussoftware.com) (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 execution. Our award-winning Software-as-a-Service (SaaS) applications set the standard for performance management across the sales force. Over 2 million employees and channel partners have their performance managed by Callidus Software.

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