stocktrademan
8 years ago
$CALD recent news/filings
bullish 20.05
hammer candlestick
moving average support
higher highs higher lows uptrend
## source: finance.yahoo.com
Tue, 15 Dec 2015 13:00:00 GMT ~ Litmos Wins Gold in the 2015 Brandon Hall Group Excellence in Technology Awards
[Marketwired] - Callidus Software Inc. , a global leader in cloud-based sales, marketing, learning and customer experience solutions, today announced that the Litmos Learning platform has been honored with a gold award ...
read full: http://finance.yahoo.com/news/litmos-wins-gold-2015-brandon-130000813.html
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Fri, 11 Dec 2015 15:47:54 GMT ~ Callidus Software, Inc. Earnings Analysis: Q3, 2015 By the Numbers
read full: http://www.capitalcube.com/blog/index.php/callidus-software-inc-earnings-analysis-q3-2015-by-the-numbers/
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Fri, 11 Dec 2015 13:00:00 GMT ~ WPS Government Health Administrators Selects CallidusCloud's Litmos LMS
[Marketwired] - Callidus Software Inc. , a global leader in cloud-based sales, marketing, learning and customer experience solutions, announced today that WPS Government Health Administrators, part of WPS Health Solutions, ...
read full: http://finance.yahoo.com/news/wps-government-health-administrators-selects-130000109.html
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Wed, 09 Dec 2015 13:00:00 GMT ~ University of Maryland University College Picks Clicktools to Collect and Measure Student Feedback
[Marketwired] - University of Maryland University College , as part of an ongoing effort to enhance the student experience, has selected Clicktools by CallidusCloud to receive feedback, analyze and share data, and uncover ...
read full: http://finance.yahoo.com/news/university-maryland-university-college-picks-130000092.html
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Wed, 09 Dec 2015 12:00:00 GMT ~ 4 Nosebleed Stocks Worth The Price
read full: http://www.forbes.com/sites/investor/2015/12/09/4-nose-bleed-stocks-worth-the-price/?partner=yahoomag
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$CALD charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$CALD company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/CALD/company-info
Ticker: $CALD
OTC Market Place: Not Available
CIK code: 0001035748
Company name: Callidus Software, Inc.
Company website: http://www.callidussoftware.com
Incorporated In: DE, USA
$CALD share structure
## source: otcmarkets.com
Market Value: $1,112,344,719 a/o Dec 14, 2015
Shares Outstanding: 56,122,337 a/o Oct 29, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.001
$CALD extra dd links
Company name: Callidus Software, Inc.
Company website: http://www.callidussoftware.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/CALD/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/CALD/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=CALD+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=CALD+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=CALD+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/CALD/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/CALD/news - http://finance.yahoo.com/q/h?s=CALD+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/CALD/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/CALD/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/CALD/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/CALD/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/CALD/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/CALD/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/CALD/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/CALD/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=CALD+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/CALD
DTCC (dtcc.com): http://search2.dtcc.com/?q=Callidus+Software%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Callidus+Software%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Callidus+Software%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.callidussoftware.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.callidussoftware.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.callidussoftware.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/CALD/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/CALD
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/CALD/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/CALD/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/CALD/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001035748&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/CALD/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/CALD/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/CALD/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/CALD/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=CALD&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=CALD
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/CALD/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=CALD+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=CALD+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=CALD
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=CALD
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=CALD+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/CALD/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=CALD+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/CALD.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=CALD
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/CALD/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/CALD/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/CALD/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/CALD/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/CALD
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/CALD
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/CALD:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=CALD
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=CALD
$CALD DD Notes ~ http://www.ddnotesmaker.com/CALD
bowonwing
15 years ago
Callidus Software Announces Third Quarter 2008 Results
Tuesday October 28, 4:01 pm ET
Strong Total Revenues $28.3 Million; Recurring Revenues $10.9 Million, Up 83% Year Over Year; Callidus On-Demand Payees Over 73,000, Up From 23,000 One Year Ago
SAN JOSE, CA--(MARKET WIRE)--Oct 28, 2008 -- Callidus Software Inc. (NasdaqGM:CALD - News), the leader in Sales Performance Management (SPM), today announced financial results for the third quarter ended September 30, 2008.
Total third quarter revenues were $28.3 million, up 14% compared to the third quarter of 2007. Third quarter 2008 license revenues were $6.8 million, while third quarter services and other revenues were $10.6 million.
Subscription and support revenues for the third quarter were $10.9 million, an increase of 83% over the third quarter of 2007. The net new Annual Contract Value (ACV) of on-demand bookings in the third quarter was $1.3 million, down from $2.6 million in the third quarter of 2007, bringing the cumulative ACV to $24.8 million.
Third quarter GAAP net loss was $1.4 million or ($0.05) per share, which included $2.0 million of stock-based compensation expense and $500,000 of amortization of acquired intangible assets. This compares to net loss of $4.0 million, or ($0.14) per share, for the third quarter of 2007, which included $1.2 million of stock-based compensation expense and no amortization of acquired intangible assets.
Non-GAAP net income, which excludes stock-based compensation expense pursuant to SFAS 123(R) and amortization of acquired intangible assets, was $1.1 million for the third quarter of 2008, compared to a non-GAAP net loss of $2.8 million for the same period last year.
Cash and investments totaled $45.7 million at September 30, 2008, a decrease of $3.0 million from June 30, 2008.
"Against the background of the most challenging economy in recent history we delivered strong quarterly revenues because we provide the market-leading solutions to properly address the fundamental business problems of sales performance and incentive compensation management. Pay-for-performance and end-to-end visibility of incentives and their effects has never been more important," said Leslie Stretch, president and CEO at Callidus Software. "I am also especially pleased that our continued focus on profitability has resulted in Callidus achieving a non-GAAP profit this quarter. We continue to add world-class brands to our customer roster in both our on-demand and on-premise businesses. Our subscription and support recurring revenues were a significant contributor to our total revenue and margin performance."
Recent Business Highlights
-- Callidus added approximately 10,000 payees to its Callidus On-Demand
service, bringing the cumulative total to over 73,000 payees, up from
23,000 one year ago.
-- Callidus launched Callidus Plan Communicator, a product built natively
on Salesforce.com's platform-as-a-service, Force.com, to help companies
streamline the compensation plan distribution and approval process.
-- Callidus received a Positive rating in Gartner's 2008 Sales Incentive
Compensation Management MarketScope report.
-- Callidus won CRM Magazine's 2008 CRM Market Leader award for the
Incentive Management category.
-- Callidus hosted its first EMEA thought leadership Sales Performance
Management conference.
-- Callidus announced an expanded partnership with OpenSymmetry to deploy
and implement Callidus' on-demand and on-premise solutions, expanding
market coverage for Callidus' solutions.
Financial Outlook
-- Total revenue for the fourth quarter of 2008 is expected to be between
$25.5 million and $27 million.
-- GAAP Operating expenses, including stock-based compensation of
approximately $2.0 million, are expected to be between $14.5 million and
$15.5 million in the fourth quarter of 2008.
bowonwing
16 years ago
Ventelo Selects Callidus Software Suite for Norwegian Sales Performance Management
Wednesday July 30, 7:00 am ET
Leading Nordic Telecommunications Company to Standardize on Callidus Platform
SAN JOSE, CA--(MARKET WIRE)--Jul 30, 2008 -- Callidus Software Inc. (CALD - News), the leader in Sales Performance Management (SPM), today announced that Ventelo has selected the complete Callidus Software SPM Suite to manage sales performance and incentive compensation programs for all of its direct and indirect sales channels located in Norway. Following the recent merger of Ventelo and Bantele, Callidus Software will provide a single enterprise SPM platform for all sales channels across the entire group in Norway. Under the agreement, signed in the second quarter of 2008, Ventelo will use Callidus' TrueComp® Manager, TrueResolution®, TrueInformation® and Callidus TrueAnalytics™ software modules to automate commission processes to all sales channels and to provide critical sales analytics to all senior management from sales through to product management.
In challenging economic times and faced with unprecedented competition, companies are pursuing new ways to drive revenue and optimize profitability. Sales performance and pervasive performance management are the untapped levers to bring these strategies to life. Callidus' solutions help companies align corporate objectives with sales strategy. Together, they unlock a company's ability to combine sales and incentive compensation with key aspects of employee performance management.
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) (CALD - News) 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.
About Ventelo
Ventelo is an independent telecommunications operator delivering a complete range of services with Telephony, Mobile and Internet to enterprises and end users in the Nordic countries. For more information, visit Ventelo on the Internet: http://www.ventelo.no
Greencake
16 years ago
Callidus Software Ranks 4th on CIOZone's "Surging 60" List of Fastest-Growing Software Companies
Tuesday May 20, 7:07 am ET
http://biz.yahoo.com/iw/080520/0398721.html
Sales Performance Management Leader Ranks Among Top Five on Prestigious List of "20 Fastest-Growing Small Software Companies"
SAN JOSE, CA--(MARKET WIRE)--May 20, 2008 -- Callidus Software Inc. (NasdaqGM:CALD - News), the leader in Sales Performance Management (SPM), today announced it has been named to CIOZone's prestigious "Surging 60" list -- a list that recognizes the 60 fastest growing software companies in the United States. Callidus Software was ranked 4th on the list of the "20 Fastest-Growing Small Software Companies." The rankings were based on 2007 revenue and profit numbers of publicly held software companies -- a year that saw Callidus' sales growth numbers soar 34% to $101.7 million.
Source: Callidus Software Inc.
"The companies that made the list are clearly meeting the needs of today's CIOs -- who are looking to deploy critical software that boosts the bottom line and increases corporate efficiency," said John McCormick, chief content officer, CIOZone.
Callidus' high ranking on the list of the "20 Fastest-Growing Small Software Companies" places it after only Omniture, Netsuite, and Concur Technologies, respectively. The ranking included U.S.-based software companies with revenues between $50-150 million.
"We are very pleased and honored to have been named to the 'Surging 60' list," said Leslie Stretch, president and CEO at Callidus Software. "This recognition further validates Callidus' leadership position in the sales performance management market and underscores our ongoing commitment to providing customers with innovative, best-of-breed solutions for aligning sales strategy with corporate objectives to drive revenue growth."
In challenging economic times and faced with unprecedented competition, companies are pursuing new ways to increase revenue and optimize profitability. Sales performance management 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) (NasdaqGM:CALD - News) 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.
About CIOZone
CIOZone™ (www.ciozone.com) is the first and only ProSocial™ Network for chief information officers (CIOs). The mission of CIOZone is to create and maintain a highly interactive global community where information technology professionals can connect with their peers, discuss common challenges, share IT best practices, learn about the newest technology implementations, and mentor young professionals. Launched in January 2008, CIOZone now counts 1,600 CIOs and other high-ranking IT executives as members.
© 1998-2008 Callidus Software Inc. All rights reserved. Callidus Software, the Callidus Software logo, Callidus TrueAnalytics, TrueComp, TrueComp Grid, TrueComp Manager, TrueConnection, TrueFoundation, TrueInformation, TruePerformance, TruePerformance Index, TruePerformance Indicator, TrueMBO, TrueAllocation, TrueProducer, TrueQuota, TrueReferral, TrueResolution, and TrueService+ are trademarks, servicemarks, or registered 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.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=762878
Contact:
Press Contact:
Jock Breitwieser
Callidus Software Inc.
(408) 975-6683
pr@callidussoftware.com
Greencake
16 years ago
Callidus Software Executives to Present at 2008 Wedbush Morgan Securities Management Access Conference
Friday May 16, 7:07 am ET
Presentation Scheduled for May 21, 2008
SAN JOSE, CA--(MARKET WIRE)--May 16, 2008 -- Callidus Software Inc. (NasdaqGM:CALD - News), the leader in Sales Performance Management (SPM), today announced that Leslie Stretch, president and CEO, and Ron Fior, senior vice president and CFO, will present at the 6th Annual Wedbush Morgan Securities MAC: Management Access Conference for Micro-Small-Mid-Cap Companies. The conference will be held at Le Parker Meridien Hotel in New York, NY from May 21-22, 2008. Callidus Software is scheduled to present on Wednesday, May 21 from 11:15 a.m. - 11:55 a.m. EDT in the Gamshoge room.
Callidus Software's executives will be leading breakout sessions on May 21 from 8:00 a.m. - 11:10 a.m. EDT. Interested attendees may schedule one-on-one meetings directly through Wedbush Morgan Securities.
The presentation is intended to provide analysts and institutional investors with an overview of the company's business strategies and value proposition.
The presentation will be available via webcast at http://www.wsw.com/webcast/wedbush6/cald/ for approximately 30 days following the conclusion of the presentation.
About Callidus Software®
Callidus Software (www.callidussoftware.com) (NasdaqGM:CALD - News) 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.
© 1998-2008 Callidus Software Inc. All rights reserved. Callidus Software, the Callidus Software logo, Callidus TrueAnalytics, TrueComp, TrueComp Grid, TrueComp Manager, TrueConnection, TrueFoundation, TrueInformation, TruePerformance, TruePerformance Index, TruePerformance Indicator, TrueMBO, TrueAllocation, TrueProducer, TrueQuota, TrueReferral, TrueResolution, and TrueService+ are trademarks, servicemarks, or registered 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.
Contact:
Investor Relations Contact:
Ron Fior
408-808-6577
ir@callidussoftware.com
Press Contact:
Jock Breitwieser
408-975-6683
pr@callidussoftware.com
--------------------------------------------------------------------------------
Source: Callidus Software Inc.
http://biz.yahoo.com/iw/080516/0398026.html
bowonwing
16 years ago
CALD, Q1-08 earnings, new price target $8.00 a share.
AP
Callidus Software up after 1Q sales jump lifts results
Thursday May 1, 2:49 pm ET
Callidus Software shares up after 1st-qtr loss narrows on sales boost; analyst raises target
NEW YORK (AP) -- Shares of Callidus Software Inc. jumped in afternoon trading after the sales software maker posted an adjusted first-quarter loss much lower than Wall Street had expected.
The stock rose 35 cents, or 6.7 percent, to $5.57.
For the period ended March 31, the San Jose, Calif., company posted a loss of $2.6 million, or 9 cents per share, compared with a loss of $3.4 million, or 12 cents per share, in the year-ago period.
Excluding one-time items, including stock-based compensation and restructuring charges, the company posted a loss of $100,000, or less than 1 cent per share. Revenue rose 13 percent to $28.1 million from $24.8 million.
Analysts polled by Thomson Financial expected, on average, a loss of 9 cents per share on revenue of $25.3 million. Analysts typically exclude one-time charges.
For the second quarter, Callidus expects revenue of $28 million to $29.5 million, above analysts' $27.8 million forecast.
Northland Securities analyst Chad Bennett kept an "Outperform" rating and raised his price target to $8 from $6, implying he expects shares to rise about 53 percent over Wednesday's $5.22 close.
Greencake
16 years ago
Callidus Software Expands European Market Reach Through Reseller Partnership
Thursday March 20, 7:07 am ET
Agreement With ICM Advisory Extends Callidus' European Coverage
SAN JOSE, CA--(MARKET WIRE)--Mar 20, 2008 -- Callidus Software Inc. (NasdaqGM:CALD - News), the leader in Sales Performance Management (SPM), today announced a reseller partnership with ICM Advisory sp. zo.o. to capture the growing demand in the Polish market. Effective immediately, ICM Advisory is reselling Callidus' entire product suite of sales performance management solutions. With an experienced team and headquartered in Poland, ICM Advisory is recognized as a leading technology reseller in the growing Polish marketplace. Moving forward, the company will focus exclusively on reselling Callidus products in Poland.
With the addition of ICM Advisory, Callidus further expands its global network of resellers. An increasing number of companies around the globe seek effective SPM software applications, to align corporate objectives with sales strategy to drive revenue, shareholder value and high ROI.
"Our partnership with the industry's leading provider of sales performance management solutions allows us to offer our customers unprecedented SPM functionality and a wide scope of products and applications that are in high demand in the Polish market," said Pawel Borkowski, managing director at ICM Advisory. "We are excited about this opportunity to significantly expand our business in one of the areas we see as a virtually untapped sector for unearthing new revenue streams. Being the first reseller of Callidus' products in a region of the world where such solutions are new provides our customers with an impressive toolset for maximizing revenue potential."
ICM Advisory will primarily market Callidus' SPM to customers in the financial services, manufacturing, high-tech and telecommunications markets. Future customers of Callidus Software in Poland will contract directly with ICM for the software licenses, as well as implementation services and maintenance. To ensure consistent quality and meet the highest standards and expectations of Callidus customers, ICM will undergo rigorous implementation and support training.
"ICM Advisory has established itself as a leading reseller in Poland with a successful track record of working with global software companies. Through this agreement, we have extended our global footprint as the leading, world-wide vendor of SPM solutions," said Bill Schuh, vice president of European sales at Callidus Software. "It is our goal to have our joint customers benefit from this partnership by saving significant amounts of time and money. Callidus' SPM software offers these companies the sales knowledge, analytics and agility required to truly drive revenue, increase shareholder value and align sales with corporate objectives."
In challenging economic times and faced with unprecedented competition, companies are pursuing new ways to drive revenue and optimize profitability. Sales performance management 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.
Greencake
16 years ago
Wednesday February 27, 7:07 am ET
Callidus Software Receives "Positive" Rating From Leading Analyst Research Firm
SAN JOSE, CA--(MARKET WIRE)--Feb 27, 2008 -- Callidus Software Inc. (NasdaqGM:CALD - News), the leader in Sales Performance Management (SPM), today announced that it received a "positive" rating in the latest North American "MarketScope for Insurance Sales Incentive Compensation Management (ICM) Applications"(1) from Gartner, Inc. (NYSE:IT - News), the world's leading information technology research and advisory company.
ADVERTISEMENT
Authored by Kimberly Harris-Ferrante and Michael Dunne, the "positive" rating in this report marks the third "positive" ranking that Callidus received from Gartner in 2007. Previously, Gartner ranked Callidus Software "positive" in its "Vendor Rating: Callidus Software."(2) Callidus was also given a "positive" rating in the analyst firm's "MarketScope for Sales Incentive Compensation Management Software."(3)
"I believe that this recognition by a well-respected research firm like Gartner further validates our position in the insurance incentive compensation management application market," said Steve Apfelberg, vice president of marketing and business development at Callidus Software. "Management of sales performance and incentive compensation is mission-critical for any insurance company's strategic business objectives. In my opinion, Gartner's findings reflect our success in providing the world's leading companies with optimum solutions. This affirms our relentless commitment to providing our expanding client base with software solutions that align sales goals with business objectives to drive revenue and shareholder value."
The authors note that "insurers should still consider ICM applications to improve the timeliness, accuracy and transparency of commissions, bonuses and other payments to producers, as well as associated data management capabilities for managing producers." Continues the report: "Custom-built legacy systems and spreadsheets are proving inefficient, inflexible, expensive and inadequate at supporting the compensation processing requirements of many insurers, and may increasingly pose liabilities to ensuring good governance over variable pay expenses."(4)
In its research, Gartner's MarketScope report used the following five principal criteria areas for its evaluation: Overall Viability (business unit, financial, strategy, and organization), Product/Service, Sales Execution/Pricing, Customer Experience, and Vertical/Industry Strategy.
About Callidus Software®
Callidus Software (www.callidussoftware.com) (NasdaqGM:CALD - News) 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.
MarketScope Disclaimer
The MarketScopes are copyrighted July 30 and December 24, 2007 by Gartner, Inc. and are reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Vendor Rating Disclaimer
The Vendor Rating is copyrighted December 7, 2007 by Gartner, Inc. and is reused with permission. The Vendor Rating is an evaluation of a vendor as a whole, not just on its position within a single market. It is based on Gartner's assessment of the vendor's vision and execution for a product or service, relative to Gartner's analysis of clients' requirements. It is not intended as a comparison relative to competitors in the market. Gartner does not endorse any vendor, product or service depicted in the Vendor Rating, and does not advise technology users to select only those vendors with the highest ratings. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
© 1998-2008 Callidus Software Inc. All rights reserved. Callidus Software, the Callidus Software logo, Callidus TrueAnalytics, TrueComp, TrueComp Grid, TrueComp Manager, TrueConnection, TrueFoundation, TrueInformation, TruePerformance, TruePerformance Index, TruePerformance Indicator, TrueMBO, TrueAllocation, TrueProducer, TrueQuota, TrueReferral, TrueResolution, and TrueService+ are trademarks, servicemarks, or registered 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.
(1) Gartner, Inc., "Marketscope for Insurance Incentive Compensation Management Applications, 2007," by Kimberly Harris-Ferrante and Michael Dunne, December 24, 2007
(2) Gartner, Inc., "Vendor Rating: Callidus Software," by Michael Dunne, December 7, 2007
(3) Gartner, Inc., "Marketscope for Sales Incentive Compensation Management Software, 2007," by Michael Dunne, July 30, 2007
(4) Gartner, Inc., "Marketscope for Insurance Incentive Compensation Management Applications, 2007," by Kimberly Harris-Ferrante and Michael Dunne, December 24, 2007
Contact:
Press Contact:
Jock Breitwieser
Callidus Software Inc.
(408) 975-6683
pr@callidussoftware.com
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Source: Callidus Software Inc.
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