SOURCE: Callidus Software Inc.

Callidus Software Inc.

January 07, 2011 07:00 ET

New Business Win: Generali Indonesia Selects Callidus Software to Accelerate Distribution Channel Growth

Insurance and Financial Services Provider in Asia-Pacific Chooses Award-Winning Callidus SPM Suite to Support Growing Channel Business

PLEASANTON, CA--(Marketwire - January 7, 2011) - Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), announced today that PT Asuransi Jiwa Generali Indonesia (Generali Indonesia), a fast-growing insurance and financial services provider in Indonesia, has selected the Callidus SPM suite to accelerate the growth of its distribution channel network. The agreement was signed in the fourth quarter of 2010.

Generali Indonesia will deploy the Callidus Channel Management, TrueComp® Manager, and Reporting and Analytics software modules.

"One of the fastest growing market segments in Southeast Asia for insurance and financial services is in Indonesia," said Jimmy Duan, senior vice president, Asia Pacific and Latin America at Callidus Software. "Callidus continues to make strong inroads in this region where companies are establishing new markets, driving channel mindshare, and motivating agents with incentives for achieving strategic sales goals. The Callidus SPM solution delivers the flexibility that these businesses need to easily deploy, track, and fine-tune targeted incentives and rewards to more effectively meet their sales growth goals. This new win helps demonstrate that driving channel performance is top of agenda in this high growth region, and that Callidus is the vendor of choice."

Callidus Software's award-winning solutions manage the entire sales talent lifecycle from onboarding, to incentives and rewards, to coaching and performance optimization, while providing visibility into operations and financial performance. This gives customers the ability to align their sales force and channels with their key business objectives to consistently and reliably execute on sales targets. The software is used by leading companies in a broad range of verticals including high-tech, telecommunications, banking, insurance, and pharmaceuticals. Since its inception nearly 15 years ago, the company has evolved into the most experienced, proven, and reliable SPM vendor in the marketplace. Callidus Software manages over $50 billion in incentives and compensation for more than two million payees across the globe.

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 Software-as-a-Service (SaaS) applications set the standard for performance management of a company's sales force and channel partners. Over 2 million employees and channel partners 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, and TrueComp Manager 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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