SOURCE: Callidus Software Inc.

Callidus Software Inc.

September 30, 2011 07:00 ET

Philips Electronics Selects Callidus' Monaco SaaS Suite to Drive Sales Performance Management

PLEASANTON, CA--(Marketwire - Sep 30, 2011) - Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), announced today that Philips Electronics, N.A., a diversified, global health and well-being company, has selected the Callidus Monaco On Demand SPM suite to drive the performance of its sales organization. The agreement was signed in the third quarter of 2011.

Philips Electronics will implement the Monaco Sales Performance SaaS solution, including TrueComp® Manager, Quota Management, Objective Management, Sales Communications, and Reporting & Analytics modules to drive efficiencies and maximize the effectiveness of its sales force.

The Monaco On Demand SPM suite is delivered as part of the Callidus Cloud, 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

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