SAN JOSE, Calif., April 3, 2006 - Callidus Software Inc. (NASDAQ: CALD), the leader in Enterprise Incentive Management (EIM), today unveiled Callidus On-Demand SolutionsTM, a hosted service that extends the power of the Callidus TrueComp ® EIM Suite and enables mid-to-large size organizations and enterprise business units to benefit from a world-class EIM solution on a subscription basis.
"Callidus Software's On-Demand Solutions make the capabilities of the world-class Callidus TrueComp EIM Suite available for mid-to-large sized companies and enterprise business units that could not afford an EIM solution before. Just like many Fortune 1000 companies, these organizations can now align their incentive compensation systems with their business goals to drive dramatically enhanced revenue and profitability," said Richard Furino, vice president client services of Callidus Software.
Callidus On-Demand Solutions
Callidus On-Demand Solutions deliver all the advantages of the industry leading Callidus TrueComp EIM Suite to organizations with 100 to 1000+ payees; providing them with the rapid deployment, flexibility, efficiency, security and reliability they need at 25% to 40% below the cost of an on-premise enterprise implementation. Customers can select from a variety of on-demand service levels and options according to their unique business requirements - and will benefit from high-availability, top-performance computing technology within the acclaimed TrueComp architecture. The solution offers a high level of security by providing a single tenanted database instance for each customer and meets SAS-70 compliance. Customers also get the benefit of scaleable performance and high-availability with a multi-tenanted grid architecture.
Upgrades and maintenance are included and entirely transparent to end-users. The on-demand framework gives customers the option of enhancing their EIM solution with additional products from the Callidus TrueComp Suite such as Callidus TrueAnalyticsTM, the latest addition to the TrueComp Enterprise Product Suite. It offers sales, marketing and finance executives the strategic insight and ad hoc analysis capabilities they need to drive sales performance. Callidus TrueAnalytics benefits TrueComp customers by accelerating the analysis and reporting process to increase business agility and drive revenue and profitability.
In addition, customers can choose from a portfolio of strategic services that leverage the Callidus team's deep incentive compensation and vertical domain expertise. Strategic services include compensation strategy services, analytics services and new workflow solutions services; each tailored to the specific requirements of each individual customer.
Callidus On-Demand Solutions provide:
Benefits include:
About the Callidus TrueComp Suite
The Callidus TrueComp Suite enables compensation professionals to efficiently model, implement, and monitor incentive compensation programs with easy-to-create business rules. Optimized for productivity, TrueComp automates the day-to-day activities of incentive compensation management through a flexible, feature-rich, and user-maintainable system.
Additional modules offer expanded capabilities to suit the needs of any mid-sized to large organization.
Callidus TrueAnalyticsTM provides sales, finance, and marketing teams with personalized integrated analytic dashboards, ad hoc query and advanced analysis capabilities - all to monitor and analyze sales and incentive performance.
TrueInformation ® provides the highly scalable reporting solution companies need to extend summary and detail sales and incentive visibility to sales and finance teams and business partners.
TrueResolution ® streamlines and automates the resolution of sales force credit disputes with a powerful rules-based business process engine that has been shown to resolve over 80% of compensation disputes automatically - dramatically reducing time requirements and headaches for both administrators and payees.
About Callidus Software
Founded in 1996, Callidus Software (www.callidussoftware.com) is an industry leading Enterprise Incentive Management (EIM) provider to global companies across multiple industries. Callidus' EIM systems allow enterprises to develop and manage incentive compensation linked to the achievement of strategic business objectives. Through its TrueComp ® ® Grid architecture, Callidus delivers the industry's only EIM solution that combines the power and scalability of grid computing with the flexibility of rules-based interface. Customers/Partners include 7-Eleven, Accenture, CUNA Mutual, HP, IBM, Philips Medical Systems, Sprint Nextel, Sun Microsystems, Time Warner Corporation and Wachovia. Callidus is publicly traded on the NASDAQ under the symbol CALD.
Note on Forward-Looking Statements
The forward looking statements included in this press release, including the ability of Callidus On-Demand Solutions to deliver all the advantages of Callidus' TrueComp EIM Suite at 25% to 40% below the cost of an on-premise enterprise implementation, that customers will benefit from high-availability, top-performance computing technology, that the solution offers a high level of security and complies with SAS-70, that upgrades and maintenance occur virtually transparently, that the solution will increase efficiency and result in a rapid ROI, that peak information processing demand will always be met, that customers are always on the latest release, and that the solution has minimal downtime, reflect management's best judgment based on factors currently known and involve risks and uncertainties. These risks and uncertainties include, but are not limited to, timing and size of software license orders, management's ability to successfully implement its business plan, changes in executive management, potential material fluctuations in financial results and future growth rates, decreases in customer spending, increased competition or new entrants in the marketplace, litigation and other risks detailed in Callidus' reports filed with the Securities and Exchange Commission (SEC), including its Form 10-K and Form 10-Qs, copies of which may be obtained by contacting Callidus Software's Investor Relations department at 408-808-6577, or from the Investor Relations section of Callidus Software's website (www.callidussoftware.com). Actual results may differ materially from those presently reported. We assume no obligation to update the information contained in this release.
© 2006 Callidus Software Inc. All rights reserved. Callidus Software, the Callidus Software logo, Callidus TrueAnalytics, TrueChannel, TrueComp ® , TrueComp ® Datamart, TrueComp ® Grid, TrueComp ® Manager, TrueInformation, TrueIntegration, TruePerformance, TrueReferral, TrueResolution, TrueService and TrueSupport are 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.
Press Contact:
Jock Breitwieser
Callidus Software Inc.
(408) 975-6683
pr[at]callidussoftware.com