SOURCE: Callidus Software Inc.

Callidus Software Inc.

January 13, 2011 07:00 ET

New Business Win: Spiceworks Selects Callidus Software to Drive Sales Performance Management

PLEASANTON, CA--(Marketwire - January 13, 2011) - Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), announced today that Spiceworks, Inc., a social business network for IT, has selected the Callidus Monaco On-Demand Sales Performance Management suite to drive the performance of its sales organization in North America. The agreement was signed in the first quarter of 2011.

Spiceworks will deploy the Callidus TrueComp® Manager, Reporting & Analytics, Quota Management, Objective Management and Communicator modules to deploy pay-for-performance incentive programs and drive alignment with corporate objectives. 

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 in over 140 countries.

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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