SAN JOSE, Calif., February 13, 2006 - Callidus Software Inc. (NASDAQ: CALD), the industry leader in Enterprise Incentive Management (EIM), today announced that Vodacom, the leading cellular network operator in South Africa and one of the fastest-growing GSM networks in the world, selected the TrueComp ® solution by Callidus Software to manage incentive compensation programs for its direct sales force and indirect sales channels. Under the terms of the agreement, Vodacom will be able to use the Callidus products TrueComp Manager, TrueInformationTM and TrueResolution ® for its representatives in internal sales and retail sales as well as for third party dealerships in South Africa.
Callidus' TrueComp solution is to replace Vodacom's existing compensation management system to streamline operations, enable modeling and forecasting and increase flexibility for the implementation of incentives. The Callidus Software solution will standardize business processes and software across the company to keep teams aligned with business objectives and drive revenue and optimize profitability. Employees of Vodacom will enjoy the advantages of TrueComp, which substitutes costly and time-consuming manual efforts with the automation afforded by the market's leading EIM software solution, all while aligning Vodacom's incentive compensation with its business goals.
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.
About Vodacom
Vodacom is a pan-African cellular communications company providing a world class GSM (Global System for Mobile Communications) service to millions of customers in South Africa, Tanzania, Lesotho the Democratic Republic of the Congo and Mozambique. Vodacom is the market leader in South Africa, with a market share of over 59%.
(C) 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