Governor's Commission for Jobs and Economic Growth Provides California
Innovation Awards and Honors Leader in Sales Performance Management as one
of California's Top Businesses
SAN JOSE, Calif., April 26 /PRNewswire-FirstCall/ -- Callidus Software
Inc. (Nasdaq: CALD), the leader in Sales Performance Management (SPM),
today announced it has been named one of the California Innovation
Corridor's Top 15 Innovation All-Stars. Callidus Software was awarded at
the California Tech 100 conference during a special ceremony on April 25.
The California Tech 100 is endorsed by the California Commission for Jobs
and Economic Growth who honored the top 15 Innovation All-Stars with the
California Innovation Award for outstanding leadership in innovation.
California Innovation Corridor partners selected the best innovative
companies in the State from more than 75 Innovation All-Star candidates
originating from over 300 initial nominations, including companies like
Qualcomm, NVIDIA Corporation, and Symantec. Callidus is among a select
group of 15 Innovation All-Stars that received this top statewide
California Innovation Award.
"We are very pleased and honored to receive the 2007 Innovation All
Star Award," said Shanker Trivedi, senior vice president and CMO at
Callidus Software. "This recognition validates Callidus' leadership
position in sales performance management and underscores our ongoing
commitment to innovation and to providing customers with best-of-breed
solutions for aligning sales strategy with corporate objectives and driving
revenue."
Under high competitive pressure, companies pursue 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.
"We believe innovation and entrepreneurship are the drivers of economic
growth in California," added Mark Mosher, executive director for the
California Commission for Jobs and Economic Growth -- a nonprofit
corporation whose members are chosen by the Governor to advise him on how
to expand jobs and economic growth in the state. "These Innovation
All-Stars are models for our state."
Managed by the California Space Authority (CSA), and administered
through the California Labor & Workforce Development Agency (LWDA), the
California Innovation Corridor is one of the state's initiatives to foster
innovation and includes more than 60 partner organizations throughout 13
counties. It was Corridor partners that reviewed nearly 300 nominees before
reducing the list of 75 Innovation All-Stars.
"These innovative companies," added CSA Executive Director Andrea
Seastrand, "give people hope and dreams. They make us globally competitive
and proud of our heritage as a nation of inventors, creators, and
thinkers."
Visit http://goldencapital.net/Events/OC_CAInnovation.asp for more
information about the award and the Innovation All-Star recipients.
About Callidus Software(R)
Callidus Software (http://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.
NOTE: Callidus Software, the Callidus Software logo, Callidus
TrueAnalytics, TrueChannel, TrueComp, TrueComp Datamart, TrueFoundation,
TrueComp Grid, TrueComp Manager, TrueInformation, TrueIntegration,
TruePerformance, TrueReferral, TrueResolution, TrueFoundation, 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.
SOURCE Callidus Software Inc.
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Related links:
http://www.callidussoftware.com/
CONTACT:
press, Jock Breitwieser of Callidus Software
Inc., +1-408-975-6683, pr@callidussoftware.com; or Wil Simon of
California Space Authority for California Innovation Corridor,
+1-805-349-2633, ext. 111,
William.Simon@CaliforniaSpaceAuthority.org
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