SOURCE: Sierra Atlantic

May 19, 2008 08:00 ET

Sierra Atlantic Partners With Callidus Software to Advance Software-as-a-Service (SaaS) Delivery

Provides Global Delivery Model to Achieve Sales Performance Management Growth

FREMONT, CA and HYDERABAD, INDIA--(Marketwire - May 19, 2008) - Sierra Atlantic, the leader in offshoring enterprise applications and outsourced product development, today announced it closed an agreement with Callidus Software (NASDAQ: CALD), the leader in Sales Performance Management (SPM). The master services agreement will cover areas such as professional services, development, and support. The partnership will support Callidus Software's continued delivery of superior competency in product development, consulting services and technical support.

Under the agreement, Sierra Atlantic will provide a range of operations for Callidus Software's fast-growing on-demand business, including engineering capabilities and 24/7 technical services. Callidus Software will train specialists at Sierra Atlantic's delivery center in Hyderabad, India, to implement a broad range of integrated SaaS product development processes and technology solutions.

"The launch of an operations center in India emphasizes our strong commitment to innovation and product leadership. In partnering with Sierra Atlantic, we augment our ability to execute on a number of strategic initiatives while maintaining a prudent cost structure," said Mike Graves, senior vice president of engineering at Callidus Software. "Sierra Atlantic is an ideal partner and has a proven track record with a number of leading software companies. They will help support the development of our SPM solutions and support our growing global customer base."

"Sierra Atlantic is strongly committed to leveraging our deep understanding of the sales performance and mission-critical functions to help Callidus Software tackle incentive management solutions around the globe," said GK Murthy, Senior Vice President, Enterprise Solutions, Sierra Atlantic. "We will help Callidus further streamline its industry-leading SPM solutions through an improved global delivery model and build a Center-of-Excellence (COE) to not only serve its development needs but also support its innovative and rapidly growing business."

About Sierra Atlantic:

Sierra Atlantic is the leader in offshoring enterprise applications and outsourced product development. With expertise derived from deep R&D relationships with enterprise software leaders such as Oracle and Microsoft, we provide full lifecycle product development and IT services including implementation, integration, development, testing, and support. Sierra Atlantic is amongst the largest IT services companies, offering services in the "New Oracle Economy," Outsourced Product Development, and Microsoft competencies, with global delivery from both India and China. Over 200 active customers currently address their business needs leveraging our NShore™ methodology and best-in-class Global delivery capabilities.

A recognized leader in quality, Sierra Atlantic has been the recipient of many distinguished awards including Oracle Partner of the Year (3 years consecutively), Microsoft Gold Certified and NXT Delivery Partner, IDC DQ Top 20, and Great Places to Work. Sierra Atlantic is headquartered in Fremont, California and maintains operations in 16 countries across North America, Europe, and Asia Pacific. For more information, please visit www.SierraAtlantic.com

About Callidus Software®:

Callidus Software (www.callidussoftware.com) (NASDAQ: CALD) is the leading provider of on-premise and on-demand Sales Performance Management (SPM) solutions to global companies across a broad range of industries. Our software allows innovative enterprises of all sizes to strategically manage incentive compensation, set quota targets, administer producers, and align territories, resulting in improved sales and distribution performance. Over 1.8 million salespeople, brokers, and channel representatives have their sales performance managed by Callidus Software's products.

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