Key Developments For Callidus Software Inc.
Callidus Software Inc. (CALD.O) (Consolidated Issue listed on NASDAQ Global Market)
Callidus Software Inc. Signs New SaaS Customer For Monaco Suite
Callidus Software Inc. announced that it has signed a pharmaceutical company as a new customer for its on demand Monaco suite. Under the agreement, signed in the fourth quarter of 2009, the new customer will deploy the Callidus Monaco Suite for its direct sales force in the United States. The Callidus On-Demand Monaco Suite provides an end-to-end performance management platform.
Callidus Software Inc. Announces New Contract
Callidus Software Inc. announced that a European mobile telco provider has selected the Callidus On-Demand software application to automate its sales performance and incentive compensation program and manage its indirect sales force. Under the agreement, signed in the fourth quarter of 2009, the company will deploy Callidus On-Demand for its indirect channel.
Pharmaceutical Companies Selects Callidus Software Inc.'s Sales Performance Suite
Callidus Software Inc. announced that one of the pharmaceutical companies has selected Callidus' sales performance suite. In this agreement, the second of our new on-premises subscription deals, Callidus Software will provide its sales performance management suite to deliver cost savings and drive sales growth. The agreement was signed in the third quarter of 2009. The Callidus SPM Suite provides an end-to-end performance management platform. It enables businesses to optimize the entire sales lifecycle from sales on-boarding, to quota and plan deployment and payment. This helps deliver a high ROI in a very short period of time.
Callidus Software Inc.'s TrueComp Solution Chosen By PSS World Medical
Callidus Software Inc. announced that PSS World Medical has selected the Callidus Software TrueComp Manager, TrueInformation and Callidus TrueAnalytics software modules to manage its incentive compensation programs. Under the agreement, signed in the third quarter of 2009, PSS World Medical will use Callidus' applications for its sales representatives in the United States. The implementation is expected to be completed in spring of 2010.
Callidus Software Inc. Issues Q4 2009 Revenue Guidance Below Analysts' Estimates
Callidus Software Inc. announced that for fourth quarter of 2009, it expects revenues to be between $16-$17.5 million, reflecting increased recurring revenues offset by further decline in services revenues as the shift to the on-demand business continues and their customers experience even shorter implementation times. According to Reuters Estimates, analysts were expecting the Company to report revenues of $18.9 million for the same period.
