World's Third-Largest PC Vendor Standardizes on Callidus Platform
SAN JOSE, Calif., May 7, 2007 - Callidus Software Inc. (NASDAQ: CALD - News), the leader in Sales Performance Management (SPM), today announced that Lenovo has selected Callidus On-Demand to provide SPM services on a global basis. Under the agreement, signed in the second quarter of 2006, Lenovo will use Callidus' TrueComp, TrueAnalytics®, TrueInformation® and TrueResolution® modules for its direct and indirect channel sales representatives globally, to manage the sales incentive process and maximize customer satisfaction.
"Serving Lenovo is a privilege for Callidus Software. The selection of our on-demand product is a testament to the strength of our offering and its global capabilities. Lenovo's business is highly competitive and our solution is directed at the needs of their high performance sales capability," said Robert Youngjohns, president and CEO at Callidus Software.
Steve Bandrowczak, senior vice president and CIO at Lenovo commented: "After extensive evaluation we selected Callidus' On-Demand solution as the best fit for our global needs."
In challenging economic times and faced with unprecedented competition, companies are pursuing new ways to drive revenue and optimize profitability. Incentive compensation is one of the untapped levers to bring these strategies to life. Callidus solutions help companies align corporate objectives with sales strategy.
Callidus' SPM software solutions deliver a high ROI in a very short period of time by allowing sales executives to make better incentive decisions, providing timely visibility into channel operations, and giving them the flexibility to rapidly deploy new sales and distribution strategies and tactics.
About Callidus Software®
Callidus Software (www.callidussoftware.com, Nasdaq: CALD) is a leading provider of on-premise and on-demand Sales Performance Management (SPM) solutions to global companies across multiple industries. Callidus' products allow enterprises to strategically manage incentive compensation, establish quota targets, and align territories, resulting in improved sales and distribution performance. Customers/Partners include 7-Eleven, Accenture, CUNA Mutual, HP, IBM, Philips Medical Systems, Sun Microsystems and Wachovia.
About Lenovo Group Ltd.
Lenovo (HKSE: 992) (ADR: LNVGY) is dedicated to building the world's most innovative personal computers. Lenovo's business model is built on innovation, operational efficiency and customer satisfaction as well as a focus on investment in emerging markets. Formed by Lenovo Group's acquisition of the former IBM Personal Computing Division, the company develops, manufactures and markets reliable high-quality, secure, and easy-to-use technology products and services worldwide. Lenovo has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina. For more information, see www.lenovo.com.
© 2007 Callidus Software Inc. All rights reserved. Callidus Software, the Callidus Software logo, Callidus TrueAnalytics, TrueChannel, TrueComp, TrueComp Datamart, TrueFoundation, TrueQuota, 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.
Callidus Software Inc.
(408) 975-6683
pr[at]callidussoftware.com
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