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Global Pharmaceuticals Leader Selects Callidus' Monaco and Coaching SaaS Solutions to Drive Sales Effectiveness(November 04, 2011)
PLEASANTON, CA -- (Marketwire) -- 11/04/11 -- Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), announced today that one of the largest pharmaceutical companies in the world has selected Callidus' ForceLogix Sales Coaching solution and Monaco On Demand SPM suite to drive the effectiveness of its global sales organization. The agreement was signed in the fourth quarter of 2011.
"With the increasing shifts in go to market strategies in primary care, specialty, and managed markets, ongoing sales coaching and training is becoming a critical investment for the pharmaceutical sales force," said Leslie Stretch, President & CEO, Callidus Software. "Because Callidus delivers performance management in real time -- with forward-focused coaching programs conducted at the speed of business, at the time of business -- we are uniquely positioned to address the requirements of this dynamic market. With this new win, the top five pharmaceutical companies in the world now rely on Callidus' sales effectiveness solutions1, making our leadership and experience in this sector unrivalled."
Under the multi-year deal, Callidus' sales effectiveness and coaching solutions will fuse key sales performance data with developmental coaching strategies, enabling salespeople to maximize transaction size, increase sales speed, and improve the predictability of their sales results.
The win follows Callidus' recent announcements about providing SaaS-based coaching solutions along with commissions across a number of key customers, including Arris Group, Comcast, Integra Telecom, Real Goods Solar, Accelerated Payment Systems, and LANDesk.
Callidus Software's Monaco SPM suite and Forcelogix Coaching solution are delivered as part of the Callidus Cloud. The Callidus Cloud is a comprehensive SaaS suite designed to help businesses drive more effective selling at each stage of the sales talent lifecycle, from improved sales hiring -- the foundation of strong sales performance -- to improved campaign execution, to high frequency coaching and development. The Callidus Cloud suite includes Callidus' 100% multi-tenant, high-availability SaaS infrastructure; its Sales Selection, Sales Enablement, Sales Performance, and Learning modules; SPMConnect for data management; and Reporting & Analytics. Callidus Software powers more than 2.5 million users across the globe.
 Based on the 2011 Forbes Global 2000 list. For the full list, click here.
About Callidus Software®
Callidus Software (NASDAQ: CALD) is the market and technology leader in Sales Performance Management (SPM). Callidus customers gain a competitive advantage by maximizing sales cost efficiencies and driving improvements in sales effectiveness. Our award-winning multi-tenant SaaS applications set the standard for performance management of a company's sales force and channel partners. Over 2.5 million users have their performance managed by Callidus Software. For more information, please visit www.callidussoftware.com.
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