SOURCE: Callidus Software Inc.

Callidus Software Inc.

March 16, 2011 07:00 ET

New Business Win: Sentinel Security Life Selects Callidus Software's ActekSoft ACom3 Suite

Insurer to Use the ACom3 Suite to Manage Its Growing External Sales Channel

PLEASANTON, CA--(Marketwire - March 16, 2011) - Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), announced today that Sentinel Security Life Insurance Company, located in Salt Lake City, UT, has selected ActekSoft, a Callidus Software company, for its ACom3 Commission and Incentive Compensation System. The agreement was signed in the first quarter of 2011.

"Providing higher service levels to our growing broker and personal producing general agent community is critical to our success at Sentinel Security Life," said Dan Acker, CFO at Sentinel Security Life. "The ACom3 solution will enable us to design and communicate effective, performance-based incentive and bonus programs to drive better alignment with business objectives and build trust by delivering accurate, on-time payments to our agents and partners."

Sentinel Security Life will use the ACom3 solution to manage its external sales channels and improve service levels to the broker community as it expands its producer network. The company will use the ACom3 Commission and Incentive Compensation System to support incentive payments to both the Life and Medicare Supplement lines of business.

"The ability to effectively deploy and communicate targeted incentive compensation programs is mission critical to ensuring alignment across external sales channels for different lines of business," said Farley Lavett, vice president of insurance, Callidus Software. "At the same time, with the accurate, timely commissions data that we create and record, producers gain transparency into the performance of their business, their products and services, and their customers, which in turn drives long term producer loyalty and growth."

ActekSoft's ACom3 suite is an incentive compensation automation solution built to deliver extreme automation in integration, plan configuration, producer management, payout calculation, and communications. The solution is specifically tailored for business users, with focus on simplifying the complexity of managing dynamic incentive programs to drive the performance of sales executives and the sales force across multiple channels and regions. The result of this focus is a highly user configurable system supporting rapid deployment, ease of use, and reduced operational complexity.

About Sentinel Security Life

For over 60 years Sentinel Security Life has helped ease the financial burden for thousands of families. Sentinel Plan insurance policies are available to assist with your family's Final Expense needs. Sentinel Plan Medicare supplement and Select policies can help pay some of your medical expenses not covered by Medicare.
The Company was organized in 1948 by a group of Utah funeral directors for the purpose of providing the public with an insurance product designed to help pay funeral costs at the time of need. One of the original founders still serves the Company as a member of the Board of Directors.

About ActekSoft

ActekSoft delivers commission and incentive compensation software solutions to automate the process of calculating and managing complex commission, incentive and bonus pay arrangements. Founded in 1999, with a focus on developing J2EE software products for the healthcare payer market, ActekSoft's products are now used in all segments of the insurance and financial services industries. Our focus is the delivery of highly user-configurable software capable of delivering power to non-technical users, ensuring our products provide both tactical and strategic benefits, along with quantifiable return-on-investment (ROI). ActekSoft is a Callidus Software Inc. (NASDAQ: CALD) company, headquartered in Birmingham, Alabama.

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, 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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