Callidus Software Inc. (CALD)

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2009-12-15T17:57:00.001-08:00

-- December 15, 2009 Callidus Software Inc. (NASDAQ: CALD | Quote | Chart | News | PowerRating) trading at $2.85 on a volume of 93,272 shares

Callidus Software Expands in the African Market With Seven Seas Technologies

Market-Leader Grows Partner Eco-System to Deliver Sales Performance Management in Africa

SAN JOSE, CA, Dec 15, 2009 -- Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), continuing the momentum of its global partner eco-system, today announced a partnership with Seven Seas Technologies, a leading provider of integrated business and technology solutions. Under the agreement, Seven Seas Technologies will resell, implement and support Callidus Software's sales performance management solutions in Africa.

About Callidus Software(R)

Callidus Software (www.callidussoftware.com) (NASDAQ: CALD | Quote | Chart | News | PowerRating) 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 execution. Our award-winning Software-as-a-Service (SaaS) applications set the standard for performance management across the sales force. Over 2 million employees and channel partners have their performance managed by Callidus Software.

-- December 15, 2009 Human Genome Sciences, Inc. (Nasdaq: HGSI | Quote | Chart | News | PowerRating) trading at $28.48 on a volume of 1.18M shares.

Human Genome Sciences Announces Submission of Marketing Authorization Application to EMEA for JOULFERON(R) (ZALBIN(TM))

ROCKVILLE, Md., Dec 15, 2009 -- Human Genome Sciences, Inc. (Nasdaq: HGSI | Quote | Chart | News | PowerRating) today announced that Novartis has submitted a Marketing Authorization Application (MAA) to the European Medicines Agency (EMEA) for approval to market JOULFERON(R) (albinterferon alfa-2b, known in the United States as ZALBIN(TM)) for the treatment of chronic hepatitis C. In November 2009, HGS submitted a Biologics License Application (BLA) for ZALBIN to the FDA in the United States.

About Human Genome Sciences

The mission of HGS is to apply great science and great medicine to bring innovative drugs to patients with unmet medical needs. The HGS clinical development pipeline includes novel drugs to treat lupus, hepatitis C, inhalation anthrax and cancer.

-- December 15, 2009 SuccessFactors, Inc. (Nasdaq: SFSF | Quote | Chart | News | PowerRating) trading at $16.80 on a volume of 744,514 shares

SuccessFactors and PricewaterhouseCoopers Japan Officially Partner to Deliver the Largest Business Execution Powerhouse Team

--Partnership to Result in Driving Business Performance and Executing of Executive Strategy

TOKYO, Dec 15, 2009 -- SuccessFactors, Inc. (Nasdaq: SFSF), the global leader in business execution software, announced a joint partnership between SuccessFactors Japan and PricewaterhouseCoopers Japan (PwC). The joint partnership will help Japanese organisations drive improved business execution and represents one of the largest Human Capital Management (HCM) consulting partnerships in Japan.

About SuccessFactors, Inc.

SuccessFactors is the global leader in Business Execution Software. The SuccessFactors Business Execution Suite improves business alignment and people performance for companies of all sizes. More than 5 million users and 2,800 companies use SuccessFactors every day. For more information, visit: www.successfactors.com.

-- December 15, 2009 Asta Funding, Inc. (Nasdaq: ASFI | Quote | Chart | News | PowerRating) closed at $8.43 on a volume of 70,630 shares.

Asta Funding, Inc. to Report Fourth Quarter and Year End 2009 Results

ENGLEWOOD CLIFFS, N.J., Dec 15, 2009 -- Asta Funding, Inc. (Nasdaq: ASFI), a consumer receivable asset management and liquidation firm, will report its financial results for the fourth quarter and fiscal year ended September 30, 2009 after the close of the market on Tuesday, December 15, 2009. The company will file Form 12b-25 on December 15, 2009 for a brief extension of its reporting deadline.

About Asta Funding:

Based in Englewood Cliffs, NJ, Asta Funding, Inc., is a consumer receivable asset management company that specializes in the purchase, management and liquidation of performing and non-performing consumer receivables. For additional information, please visit our website at http://www.astafunding.com.

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For full details for ASFI click here.

Callidus Software Expands in the African Market With Seven Seas Technologies

2009-12-15T17:56:00.001-08:00

Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), continuing the momentum of its global partner eco-system, today announced a partnership with Seven Seas Technologies, a leading provider of integrated business and technology solutions. Under the agreement, Seven Seas Technologies will resell, implement and support Callidus Software's sales performance management solutions in Africa.

"Faced with increasing competition and consumer assertiveness, African companies are seeking new and faster ways of acquiring real-time and accurate information," said Mike Macharia, Group CEO at Seven Seas Technologies. "Sales performance management solutions improve visibility into the sales lifecycle. The applications play a critical role in motivating channel partners and sales teams through sharing of critical business information. Seeing substantial opportunity in the African marketplace, we decided to partner with Callidus Software because of its strength in the telco and financial sectors. It's an exciting moment for us as we look forward to transforming the way companies manage critical business processes."

Callidus Software proudly serves customers in over 130 countries. By partnering with Seven Seas Technologies, Callidus further expands its global partner eco-system. The partnership allows Callidus Software to bring its market-leading sales performance management systems to the African market. Seven Seas Technologies will be an exclusive reseller of Callidus' applications in the West and East African markets. Its extensive market expertise reinforces Callidus' commitment to consistent quality that meets the highest standards and expectations of Callidus Software's customers.

"The demand for sales performance management solutions is growing globally," said Jimmy Duan, senior vice president of analytics, business process management and SaaS solutions at Callidus Software. "In Africa, the telco and financial services markets have experienced rapid growth. Seven Seas Technologies is dedicated to supporting our new customers in the region to be successful and achieve the rapid ROI our solutions can deliver."

Callidus Software provides companies of all sizes with an end-to-end performance management platform. Callidus 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. The company’s solutions give actionable insight into sales execution and channel operations thereby providing the tools to fine-tune sales performance.

Callidus Software's solutions are being used by the leading companies in a broad range of verticals including banking, insurance, telecommunications, high-tech, manufacturing, life sciences and retail and distribution.

For more news on sales performance management, follow Callidus Software on LinkedIn, Facebook and Twitter.

About Callidus Software®

Callidus Software (www.callidussoftware.com) (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 execution. Our award-winning Software-as-a-Service (SaaS) applications set the standard for performance management across the sales force. Over 2 million employees and channel partners have their performance managed by Callidus Software.

About Seven Seas Technologies

Seven Seas Technologies is a leading provider of integrated business and technology solutions across Africa in the Financial, Telecom, Real Estate, Service Industries and Government, in partnership with Global Technology Industry leaders and collaborative synergies with Domain & Technology centric Eco-system Partners. We deliver business value to customers through a combination of process excellence, quality frameworks and Service Delivery innovation. Our Core Motivation is defining Service Excellence in Technology driven business solutions.

© 1998-2009 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, TrueTarget 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.

Press Contact: Jock Breitwieser Callidus Software Inc. (408) 975-6683 pr@callidussoftware.com

New Business Win: Comba Telecom Selects Callidus Monaco On-Demand

2009-12-12T01:56:00.001-08:00

One of Asia's Leading Wireless Enhancement Solutions Providers Selects Callidus Software for Sales Performance ManagementSAN JOSE, CA, Dec 10, 2009 (MARKETWIRE via COMTEX News Network) --

Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), continuing its SaaS momentum, today announced that Comba Telecom Limited ("Comba"), a major supplier of wireless enhancement solutions, has selected the Callidus Monaco Suite to manage its sales performance and incentive compensation programs. Under the agreement, signed in the fourth quarter of 2009, Comba will use Callidus Monaco On-Demand for its direct sales force.

"Up to this point, Comba managed its sales compensation and performance through a difficult and inefficient manual process based on spreadsheets," said Simon Yeung, chief operating officer at Comba. "Comba needed a process that could match our rapid growth within Asia and the rest of the world. We needed an efficient and flexible system to help implement new incentive programs quickly, ensure alignment between our incentive programs and corporate objectives, improve sales productivity, retain our top-performers, and enhance corporate governance and compliance. Comba is pleased to partner with Callidus Software and leverage its SPM solutions to help accelerate our growth, efficiency and profitability."

As a rapidly growing high-tech company, Comba will benefit from the scalability and flexibility of Callidus' SPM solutions. The solutions will help design and roll out creative incentive programs and Special Performance Incentive Funds (SPIFFs). This will optimize product mix, penetrate new markets, introduce frequent contests and promotions, and build a strong pay-for-performance culture in the entire organization.

"Callidus already has a strong presence in the financial services and telecommunications industries in Asia Pacific," said Jimmy Duan, senior vice president of emerging markets at Callidus Software. "We are excited to accelerate our market growth in the region and further expand into the high-tech industry by signing Comba as a customer. Callidus' industry-leading SPM solutions enable fast-growing, high-tech companies, like Comba, to scale their businesses and improve efficiency and profitability."

Callidus Monaco is the market's leading on-demand SPM solution. The multi-tenant solution enables companies to maximize sales efficiencies with incentive compensation management and drives sales growth with performance management. Monaco offers a fast path to sales performance management success and is easy to deploy. It features predictable, low ongoing costs and is secure, safe, reliable and accurate. The solution's unprecedented scalability and flexibility enables it to grow with the business requirements.

Many of the world's leading companies choose Callidus Software to manage their sales performance due to its fast implementation, scalability and applicability. By every meaningful measure -- be it number of customers, number of payees, or size of transactions -- Callidus Software is the leading provider of sales performance management software and services, allowing companies to strategically and effectively manage sales operations and incentive programs.

For more news on sales performance management, follow Callidus on LinkedIn, Facebook and Twitter.

About Callidus Software(R)

About Comba Telecom Limited

Comba Telecom Limited is a wholly-owned subsidiary of Comba Telecom Systems Holdings Limited (Hong Kong stock code: 2342). As one of the leading wireless enhancement solution providers in the world, Comba is primarily engaged in the R&D and manufacturing of wireless enhancement products including wireless enhancement solution, base station subsystems & antennas, and wireless access systems. The Group also provides complete turnkey solutions and services to its global customers. Headquartered in Hong Kong, Comba's global operations include manufacturing platform in China, R&D centers in China and the US, with over 40 offices worldwide. For further information, please visit: www.comba-telecom.com.

Copyright 1998-2009 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, TrueTarget 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.

Press Contact: Jock Breitwieser Callidus Software Inc. (408) 975-6683 pr@callidussoftware.com

SOURCE: Callidus Software Inc.

mailto:pr@callidussoftware.com

New Business Win: Comba Telecom Selects Callidus Monaco On-Demand

2009-12-10T04:23:00.001-08:00

For more news on sales performance management, follow Callidus on LinkedIn, Facebook and Twitter.

About Callidus Software®

About Comba Telecom Limited

Press Contact: Jock Breitwieser Callidus Software Inc. (408) 975-6683 pr@callidussoftware.com

New On-Demand Business Win: Callidus Software Signs Blue Cross Blue Shield of ...

2009-12-09T13:26:00.001-08:00

Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced that Blue Cross Blue Shield of North Carolina (BCBSNC), has selected the Callidus Monaco Suite to manage sales performance and incentive compensation programs. Under the enterprise class SaaS agreement, signed in the third quarter of 2009, BCBSNC will use the Callidus Monaco Suite for its 4,000 brokers.

"We continue to see strong momentum in all our lines of business," said Jeff Saling, senior vice president of global sales at Callidus Software. "The adoption of Callidus Software's SaaS solutions at the large enterprise level shows that the on-demand revolution is on fire and no longer a mid-market phenomenon."

The Callidus Monaco 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. The company's solutions give actionable insight into sales execution and channel operations thereby providing the tools to fine-tune sales performance.

For more news on sales performance management, follow Callidus on LinkedIn, Facebook and Twitter.

About Callidus Software®

Callidus Software (www.callidussoftware.com) (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 execution. Our award-winning Software-as-a-Service (SaaS) applications set the standard for performance management of a company's sales force and its other employees. Over 2 million employees and channel partners have their performance managed by Callidus Software.

About BCBSNC

Blue Cross and Blue Shield of North Carolina is a leader in delivering innovative health care products, services and information to more than 3.7 million members, including approximately 900,000 served on behalf of other Blue Plans. For 76 years, the company has served its customers by offering health insurance at a competitive price and has served the people of North Carolina through support of community organizations, programs and events that promote good health. Blue Cross and Blue Shield of North Carolina is an independent licensee of the Blue Cross and Blue Shield Association. Access BCBSNC online at www.bcbsnc.com.

Press Contact: Jock Breitwieser Callidus Software Inc. (408) 975-6683 pr@callidussoftware.com

opensymmetry: Global Insurance Group Works With opensymmetry to Deliver ...

2009-12-08T22:22:00.001-08:00

With the Hungarian company selling all core product lines (life, pension, health and bank) this programme had high visibility within the senior management at group level. The implementation, which was completed in 4 months and launch of the Callidus platform has allowed the company to reduce administration overheads, enabled better communications to sales partners and reduced the total cost of ownership of sales channel commission and payment processes. The Hungarian company will be using TrueProducer to manage sales partner data, TrueComp to manage commission and bonus reward calculations and Callidus Portal & TrueInformation to deliver web based reports.

"By working with OpenSymmetry as its delivery partner, the company gained access to a deep understanding of the domain and software and a cost effective rate card structure which was developed specifically for this project, providing an unparalleled ROI," commented Anthony Hutchins, Partner, OpenSymmetry. "We provide the largest pool of specialist consultants in this domain and work closely with the customer to develop a core consulting team and delivery model."

Anthony went on to comment "Although this has been a major project in terms of scope, it has been delivered using best practises by a small cohesive team made up of OpenSymmetry and client staff. Barriers and challenges can always be overcome under those circumstances to ensure a fast and cost effective delivery. This is a great advert for the approach for any IT project within the insurance and banking industry generally."

The first phase of the project has now been completed and phase two is about to commence. This will introduce insurance payment calculations for external sales channels onto the platform.

About OpenSymmetry

OpenSymmetry is a leading incentive technology consultancy that offers highly specialised services focused on delivering Incentive Compensation Management (ICM) solutions to clients worldwide.

Through a full range of services, OpenSymmetry enables organisations of all sizes to maximise the value of their SPM solution. With offices in the UK, Belgium, USA and now in Australia, OpenSymmetry is the only independent consulting company with a global network of highly skilled consultants dedicated to SPM.

OpenSymmetry has alliances with leading software vendors including Callidus Software, Varicent , Merced and Talend.

About Callidus Software

Callidus Software (www.callidussoftware.com, NASDAQ: CALD | Quote | Chart | News | PowerRating) 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 execution. Our award-winning Software-as-a-Service (SaaS) applications set the standard for performance management across the sales force. Over 2 million employees and channel partners have their performance managed by Callidus Software.

TrueComp, TrueProducer, Callidus Portal and TrueInformation are trademarks, servicemarks, or registered trademarks of Callidus Software Inc. in the United States and other countries.

CONTACT: GBC Tel: +44 (0)208 322 1922 e-mail: opensymmetry@gbc.co.uk Callidus Software WWW: http://www.callidussoftware.com

For full details for CALD click here.

AssetCo Data Solutions rebrand as 3tc Software

2009-11-28T12:20:00.001-08:00

Following management buyout in October, AssetCo Data Solutions rebrand as 3tc Software.

LEICESTER, ENGLAND, November 28, 2009 /24-7PressRelease/ — AssetCo Data Solutions Ltd is pleased to announce that, following the completion of a management buyout in October 2009, led by CEO David Todd, AssetCo Data Solutions has re-branded to become 3tc Software. The Operational Board of Directors acquired the 70% shareholding previously held by Brook Henderson Group Ltd forming 3tc Holdings Ltd that owns 100% of 3tc Software – its trading company. 3tc Software’s Non Executive Board Director, Phil Toase CBE QFSM DL BSc MCGI FIFireE, acquired a minority shareholding under the new structure. Phil is a former long serving Chief Fire Officer previously serving West Yorkshire Fire & Rescue Service. Phil has been awarded a CBE for services to the Fire & Rescue Service and the Queen’s Fire Service Medal. This exciting new chapter in the 3tc’s business history allows us to remain focused on our core products (Command and Control, Patient Transport, Mobile Data & Management Information Systems) within the Emergency Service market. CEO David Todd says ‘the long term strategic plan for 3tc Software will be to continue providing software solutions around mission critical applications to the Emergency Services across the world. We will continue to develop our leading edge software to stay at the forefront of change within this demanding environment.’ 3tc Software currently has deployments throughout the UK, Southern Ireland, Belgium, Malaysia, Australia, Tasmania, and New Zealand, supported by our UK customer services centre. We have invested heavily to meet the growing demand for our products and services together with extending our international presence. The company has undergone significant growth increasing turnover from GBP2.2m in 2004 to a predicted turnover in excess of GBP5m for 2009/10. The changes in the last 5 years have paved the way to building firm foundations to better address the UK and international Emergency Services market. Our investment in sales and marketing, software development, engineering and support staff is crucial in ensuring we continue to build a sustainable business with year on year growth, underpinned with firm commitment to supporting our customers. Website: http://www.3tcsoftware.com — Press release service and press release distribution provided by http://www.24-7pressrelease.com

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Callidus Software Unveils New Cloud Computing Products at Dreamforce '09 ...

2009-11-18T17:48:00.001-08:00

Salesforce.com Dreamforce Conference -- In a move to further expand and accelerate its presence in cloud computing, Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), introduces its new and expanding suite of SPM solutions on the Force.com platform at Dreamforce '09, salesforce.com's user and developer conference, held Nov. 17-20 in San Francisco.

This suite of cloud-based solutions -- which includes Callidus' Plan Communicator and Commissions Manager applications -- helps companies of all sizes optimize their sales compensation processes, from sales plan distribution and sign off, to commission projections, claims and approvals.

Drawing on the success of these solutions, Callidus Software is announcing the expansion of its Force.com suite to feature an end-to-end sales compensation platform, including expense claims, cost-of-sale analysis, channel integration and mobile enablement. The expansion of this suite will enable customers to streamline their sales compensation processes from commissions to expenses and provide a complete picture of the real cost of sale, by deal and account.

"Callidus Software continues to demonstrate its commitment to salesforce.com customer success by unveiling its latest SPM solution at Dreamforce, the cloud computing event of the year," said Kendall Collins, chief marketing officer at salesforce.com. "With Callidus Software expanding its offerings on the Force.com platform, companies will have access to more applications in the cloud to help them avoid the steep costs of hardware and software maintenance so they can focus their efforts on improving business and winning market share."

Callidus Software's solutions leverage the Force.com platform so users can use the robust workflow, gain deep integration with Salesforce CRM processes, and deliver an intuitive, self-service user interface to empower the sales-user and improve sales productivity.

"More than 101,000 payees at companies of all sizes and in various industries already improve their business with our cloud-based solutions," said Leslie Stretch, president and CEO at Callidus Software. "With our new suite of Force.com solutions, customers can quickly transform their sales processes at a low cost. Customers experience a more rapid time to value. They can quickly on-board their sales force, accelerate their selling readiness, and manage their compensation with no software costs, no implementation."

Callidus Software's proven Force.com solutions combine incentive compensation management and performance management. These applications help businesses achieve maximum sales cost efficiencies and improve sales effectiveness.

Callidus Software is a platinum sponsor of Dreamforce '09 and can be found at booth #716.

About the Force.com Platform and AppExchange

Force.com is the only proven enterprise platform for building and running business applications in the cloud. The Force.com platform powers the Salesforce CRM applications with more than 800 ISV partner applications like those from CODA and Fujitsu, and more than 120,000 custom applications used by salesforce.com's 63,200 customers such as Japan Post, Kaiser Permanente, KONE and Sprint Nextel.

Applications built on the Force.com platform can be easily distributed to the entire cloud computing community through the salesforce.com AppExchange marketplace at http://www.salesforce.com/appexchange/.

About Callidus Software®

Callidus Software (www.callidussoftware.com) (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 execution. Our award-winning Software-as-a-Service (SaaS) applications set the standard for performance management of a company's sales force and its other employees. Over 2 million employees and channel partners have their performance managed by Callidus Software.

Press Contact: Jock Breitwieser Callidus Software Inc. (408) 975-6683 pr@callidussoftware.com

New Business Win: Callidus Software Signs New SaaS Customer for Monaco Suite

2009-11-17T12:05:00.001-08:00

Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today demonstrated continued new-business momentum for the pharmaceutical industry by announcing that it signed a leading 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 U.S.

"This is yet another new pharmaceutical customer that we have signed this year and we are very pleased with our ongoing momentum in the pharmaceutical industry," said Jeff Saling, senior vice president of global sales at Callidus Software. "Callidus Monaco leads the SPM market with its unbeatable combination of ease of use and deep functionality, delivered by our SAS-70 compliant on-demand offering. SaaS for SPM is great for SMBs, but it is also expanding into the enterprise market, as demonstrated by our agreements with some of the leading pharmaceutical companies. These customers have selected us to replace their existing and frequently inflexible legacy solutions with SaaS from the SPM market-leader. Callidus Software now provides its solutions to three of the top five US-pharmaceutical companies.(1)"

The Callidus On-Demand Monaco 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. The company's solutions give actionable insight into sales execution and channel operations and provide the tools to fine-tune sales performance.

Due to its fast implementation, scalability and applicability, Callidus Monaco is chosen by many of the world's leading companies in the pharmaceutical industry to manage their sales performance. By every meaningful measure -- be it number of customers, number of payees, or size of transactions -- Callidus Software is the leading provider of sales performance management software and services, allowing the world's largest companies to more strategically and effectively manage sales operations and incentive programs.

For more news on sales performance management, follow Callidus on LinkedIn, Facebook and Twitter.

About Callidus Software®

(1) http://money.cnn.com/magazines/fortune/fortune500/2009/industries/21/index.html

Press Contact: Jock Breitwieser Callidus Software Inc. (408) 975-6683 pr@callidussoftware.com

New Business Win: Leading European Mobile Operator Selects Callidus Software ...

2009-11-10T07:44:00.001-08:00

Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced that a leading 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.

"This deal proves that on-demand is no longer a mid-market phenomenon," said Bill Schuh, vice president for Europe at Callidus Software. "On-demand is gaining widespread acceptance from enlightened IT organizations and business-users alike. We get these customers live fast and we deliver consistent service through our SaaS-model. The cost-profile of SaaS is perfect for clients in the current economy," concluded Schuh.

Callidus On-Demand 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. The company's solutions give actionable insight into sales execution and channel operations and provide the tools to fine-tune sales performance.

Due to its fast implementation, scalability and applicability, Callidus Monaco is chosen by many of the world's leading companies in the telecommunications sector to manage their sales performance. By every meaningful measure -- be it number of customers, number of payees, or size of transactions -- Callidus Software is the leading provider of sales performance management software and services, allowing the world's largest companies to more strategically and effectively manage sales operations and incentive programs.

For more news on sales performance management, follow Callidus on LinkedIn, Facebook and Twitter.

About Callidus Software®

Callidus Software (www.callidussoftware.com) (NASDAQ: CALD) 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.

Press Contact: Jock Breitwieser Callidus Software Inc. (408) 975-6683 pr@callidussoftware.com

Callidus Software Presenting at Dreamforce '09, Salesforce.com's User and ...

2009-11-08T16:59:00.001-08:00

Sales Performance Management Leader to Present Innovative Solutions for Management of Sales Incentives Built on the Force.com Platform
SAN JOSE, Calif. — Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), announced it will host two breakout sessions and will present at Dreamforce, salesforce.com’s user and developer conference in San Francisco Nov. 17-20. The breakout sessions, held in the Campground Theatre, focus on how companies leverage SPM applications on the Force.com platform to improve sales effectiveness. Callidus Software will also present on essential sales performance strategies for 2010.
Presentation Schedule:
* Wednesday, November 18, 11:45 a.m. to 12:45 p.m., Moscone North room 124
Accelerate and Streamline Sales Incentive Rollout and Management on Force.com
* Thursday, November 19, 1:30 p.m. to 2:30 p.m., Moscone North room 124
Manage Commissions and Claims with Callidus Commissions Manager on Force.com
* Friday, November 20, 8:00 a.m. to 8:20 a.m., salesforce.com Campground Theatre
Learn the Top Sales Performance Strategies for 2010
The first breakout session, Accelerate and Streamline Sales Incentive Rollout and Management on Force.com, will be presented by Laura Provenza, worldwide sales compensation manager at Brocade and Leslie Stretch, president and CEO at Callidus Software. The presentation will be held Wednesday, November 18 from 11:45 a.m. to 12:45 p.m. in Moscone North room 124. Attendees will learn how Brocade dramatically improved its incentive compensation programs, streamlined sales operations processes and enhanced collaboration with direct sales and other plan participants.
It is extremely important to the success of the sales team to approve and deliver sales plans on time said Laura Provenza. Using Plan Communicator on the Force.com platform, we were able to deploy the solution quickly and easily. Plan Communicator streamlines our plan approval and distribution processes so plan rollout and sales execution are in sync and aligned with corporate objectives
The second breakout session, Manage Commissions and Claims with Callidus Commissions Manager on Force.com, will be presented by Leslie Stretch, president and CEO at Callidus Software. The presentation will be Thursday, November 19 from 1:30 p.m. to 2:30 p.m. in Moscone North room 124. Attendees will learn how Commissions Manager helps companies simplify sales incentives by opening up a dialogue with the sales force. Deploying this solution on the Force.com platform, sales professionals can forecast their earnings in line with their deals, and track their earnings paid and pending, all as part of their day-to-day opportunity management.
Commissions Manager allows sales reps to easily access up-to-date information on their performance. With this new solution, the sales force can manage their commissions as part of their daily routine. This increases transparency and confidence in the system, reduces shadow accounting and saves precious selling time concluded Leslie Stretch.
Callidus Software will also present at the salesforce.com Campground Theatre. Vishrut Parikh, director of product marketing at Callidus Software, will present the topic Learn the Top Sales Performance Strategies for 2010, reviewing common pitfalls in effective sales force management, how to avoid them and best practices for optimizing selling performance in 2010. The presentation will be held Friday, November 20, from 8:00 a.m. to 8:20 a.m.
For more information about Callidus Software at Dreamforce, please visit: http://www2.callidussoftware.com/Dreamforce2009.html.
For more news on sales performance management, follow Callidus on LinkedIn, Facebook and Twitter.
About Callidus Software®
Callidus Software (www.callidussoftware.com, 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 execution. Our award-winning Software-as-a-Service (SaaS) applications set the standard for performance management across the sales force. Over 2 million employees and channel partners have their performance managed by Callidus Software.
© 1998-2009 Callidus Software Inc. All rights reserved. Callidus Software, the Callidus Software logo, Callidus TrueAnalytics, TrueChannel, TrueComp, TrueComp Grid, TrueComp Manager, TrueConnection, TrueFoundation, TrueInformation, TruePerformance, TruePerformance Index, TruePerformance Indicator, TrueMBO, TrueAllocation, TrueProducer, TrueQuota, TrueReferral, TrueResolution, TrueTarget 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.

Source: WEBWIRE

Callidus Software Presenting at Dreamforce '09, Salesforce.com's User and ...

2009-11-08T04:19:00.001-08:00

Callidus Software Presenting at Dreamforce �09, Salesforce.com�s User and Developer Conference WEBWIRE – Saturday, November 07, 2009

Sales Performance Management Leader to Present Innovative Solutions for Management of Sales Incentives Built on the Force.com Platform

SAN JOSE, Calif. � Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), announced it will host two breakout sessions and will present at Dreamforce, salesforce.com�s user and developer conference in San Francisco Nov. 17-20. The breakout sessions, held in the Campground Theatre, focus on how companies leverage SPM applications on the Force.com platform to improve sales effectiveness. Callidus Software will also present on essential sales performance strategies for 2010.

Presentation Schedule:

* Wednesday, November 18, 11:45 a.m. to 12:45 p.m., Moscone North room 124
Accelerate and Streamline Sales Incentive Rollout and Management on Force.com
* Thursday, November 19, 1:30 p.m. to 2:30 p.m., Moscone North room 124
Manage Commissions and Claims with Callidus Commissions Manager on Force.com
* Friday, November 20, 8:00 a.m. to 8:20 a.m., salesforce.com Campground Theatre
Learn the Top Sales Performance Strategies for 2010

The first breakout session, Accelerate and Streamline Sales Incentive Rollout and Management on Force.com, will be presented by Laura Provenza, worldwide sales compensation manager at Brocade and Leslie Stretch, president and CEO at Callidus Software. The presentation will be held Wednesday, November 18 from 11:45 a.m. to 12:45 p.m. in Moscone North room 124. Attendees will learn how Brocade dramatically improved its incentive compensation programs, streamlined sales operations processes and enhanced collaboration with direct sales and other plan participants.

"It is extremely important to the success of the sales team to approve and deliver sales plans on time" said Laura Provenza. "Using Plan Communicator on the Force.com platform, we were able to deploy the solution quickly and easily. Plan Communicator streamlines our plan approval and distribution processes so plan rollout and sales execution are in sync and aligned with corporate objectives"

The second breakout session, Manage Commissions and Claims with Callidus Commissions Manager on Force.com, will be presented by Leslie Stretch, president and CEO at Callidus Software. The presentation will be Thursday, November 19 from 1:30 p.m. to 2:30 p.m. in Moscone North room 124. Attendees will learn how Commissions Manager helps companies simplify sales incentives by opening up a dialogue with the sales force. Deploying this solution on the Force.com platform, sales professionals can forecast their earnings in line with their deals, and track their earnings paid and pending, all as part of their day-to-day opportunity management.

"Commissions Manager allows sales reps to easily access up-to-date information on their performance. With this new solution, the sales force can manage their commissions as part of their daily routine. This increases transparency and confidence in the system, reduces shadow accounting and saves precious selling time" concluded Leslie Stretch.

Callidus Software will also present at the salesforce.com Campground Theatre. Vishrut Parikh, director of product marketing at Callidus Software, will present the topic Learn the Top Sales Performance Strategies for 2010, reviewing common pitfalls in effective sales force management, how to avoid them and best practices for optimizing selling performance in 2010. The presentation will be held Friday, November 20, from 8:00 a.m. to 8:20 a.m.

For more information about Callidus Software at Dreamforce, please visit: http://www2.callidussoftware.com/Dreamforce2009.html.

For more news on sales performance management, follow Callidus on LinkedIn, Facebook and Twitter.
About Callidus Software�

Callidus Software (www.callidussoftware.com, 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 execution. Our award-winning Software-as-a-Service (SaaS) applications set the standard for performance management across the sales force. Over 2 million employees and channel partners have their performance managed by Callidus Software.

� 1998-2009 Callidus Software Inc. All rights reserved. Callidus Software, the Callidus Software logo, Callidus TrueAnalytics, TrueChannel, TrueComp, TrueComp Grid, TrueComp Manager, TrueConnection, TrueFoundation, TrueInformation, TruePerformance, TruePerformance Index, TruePerformance Indicator, TrueMBO, TrueAllocation, TrueProducer, TrueQuota, TrueReferral, TrueResolution, TrueTarget 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.

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Callidus Software Presenting at Dreamforce '09, Salesforce.com's User and ...

2009-11-06T14:08:00.003-08:00

Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced it will host two breakout sessions and will present at Dreamforce, salesforce.com's user and developer conference in San Francisco Nov. 17-20. The breakout sessions, held in the Campground Theatre, focus on how companies leverage SPM applications on the Force.com platform to improve sales effectiveness. Callidus Software (booth #716) will also present on essential sales performance strategies for 2010.

Presentation Schedule:

-- Wednesday, November 18, 11:45 a.m. to 12:45 p.m., Moscone North room 124 Accelerate and Streamline Sales Incentive Rollout and Management on Force.com -- Thursday, November 19, 1:30 p.m. to 2:30 p.m., Moscone North room 124 Manage Commissions and Claims with Callidus Commissions Manager on Force.com -- Friday, November 20, 8:00 a.m. to 8:20 a.m., salesforce.com Campground Theatre Learn the Top Sales Performance Strategies for 2010

"It is extremely important to the success of the sales team to approve and deliver sales plans on time," said Laura Provenza. "Using Plan Communicator on the Force.com platform, we were able to deploy the solution quickly and easily. Plan Communicator streamlines our plan approval and distribution processes so plan rollout and sales execution are in sync and aligned with corporate objectives."

For more information about Callidus Software at Dreamforce, please visit: http://www2.callidussoftware.com/Dreamforce2009.html

For more news on sales performance management, follow Callidus Software on LinkedIn, Facebook and Twitter.

About Callidus Software®

Callidus Software (www.callidussoftware.com) (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 execution. Our award-winning Software-as-a-Service (SaaS) applications set the standard for performance management of a company's sales force and its other employees. Over 2 million employees and channel partners have their performance managed by Callidus Software.

Press Contact: Jock Breitwieser Callidus Software Inc. (408) 975-6683 pr@callidussoftware.com

Callidus Software Inc. Reports Operating Results (10-Q)

2009-11-06T14:08:00.001-08:00

Callidus Software Inc. (CALD) filed Quarterly Report for the period ended 2009-09-30.

Callidus Software provides Enterprise Incentive Management software that enables large businesses to plan model and manage pay-for-performance compensation programs designed to align employee sales and channel tactics with targeted business objectives. Callidus Software Inc. has a market cap of $82 million; its shares were traded at around $2.73 with and P/S ratio of 0.8.

Highlight of Business Operations:

During the third quarter of 2009, we continued to build momentum in our recurring revenue business model. A key metric in our model is quarterly additions to net annual contract value (ACV) generated from the sale of our on-demand and time based term license offerings. Our net ACV grew by $3.6 million during the third quarter of 2009 to $28.6 million in cumulative net ACV, an increase of 15% from $24.8 million at the end of the third quarter of 2008. Net ACV booked in the third quarter is comprised of gross ACV of $4.3 million offset by attrition of $0.7 million. The attrition is due to the loss of one customer and reduction in commitment from two continuing customers.

Our financial results for the third quarter of 2009 reflect the progress we have made in the past year transitioning to a recurring revenue business. Recurring revenue accounted for 64% of total revenues in the third quarter of 2009 as compared to 38% in the third quarter of 2008. Recurring revenue accounted for 53% of our total revenues in the nine months ended September 30, 2009 compared to 37% in the same period of 2008. Our recurring revenue increased in the third quarter of 2009 by 3% to $11.2 million as compared to $10.9 million in the third quarter of 2008. Recurring revenue increased 19% to $34.7 million in the nine months ended September 30, 2009 as compared to $29.2 million in the same period of 2008.

Primarily as a result of our transition toward a recurring revenue business, our services and license revenues declined as expected. Services revenue decreased by $5.2 million, or 50%, in the three months ended September 30, 2009 compared to the three months ended September 30, 2008. Services revenue decreased by $12.0 million, or 32%, in the nine months ended September 30, 2009 compared to the same period in 2008. License revenue decreased by $5.9 million, or 87%, in the three months ended September 30, 2009 compared to the three months ended September 30, 2008. License revenue decreased by $7.6 million, or 60%, compared to the same period in 2008.

During the past year of our transition to a recurring revenue business model, we have made significant progress in reducing our operating expenses to better align our cost base with our new business model. Excluding restructuring expenses and stock-based compensation, we have reduced our operating expenses by $3.3 million, or 24%, to $10.3 million for the third quarter of 2009 from $13.6 million for the third quarter of 2008. Restructuring expenses increased by $2.0 million, while stock-based compensation decreased by $0.8 million in the third quarter of 2009 compared to the prior year period.

Our progress in reducing our operating expenses is also reflected in the comparison for the nine months ended September 30, 2009 to the same period in 2008. Excluding restructuring expenses and stock-based compensation, we have reduced our operating expenses by $5.4 million, or 14%, to $33.7 million in the nine months ended September 30, 2009 as compared to $39.1 million in the same period of 2008. Restructuring expenses increased by $2.4 million while stock-based compensation decreased by $2.0 million in the nine months ended September 30, 2009 compared to the prior year period.

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New Business Win: Callidus Software Signs Another Pharma Customer in On ...

2009-11-04T23:03:00.001-08:00

Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced that one of the world's leading 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.

"Our life science momentum continues apace with this agreement," said Jeff Saling, senior vice president of global sales at Callidus Software. "Sales Performance Management is critical to the life sciences industry. This deal is significant in that it is provided under the terms of our new term license model for on-premise customers. This approach provides a much more cost effective way for customers to get the industry's leading SPM solution. At the same time, it adds to Callidus' cumulative annual contract value (ACV) and annual recurring revenue. This solution will serve 2,900 payees and replace an expensive and inflexible legacy competitor."

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. The company's solutions give actionable insight into sales execution and channel operations and provide the tools to fine-tune sales performance.

For more news on sales performance management, follow Callidus on LinkedIn, Facebook and Twitter.

About Callidus Software®

© 1998-2009 Callidus Software Inc. All rights reserved. Callidus Software, the Callidus Software logo, Callidus TrueAnalytics, TrueChannel, TrueComp, TrueComp Grid, TrueComp Manager, TrueConnection, TrueFoundation, TrueInformation, TruePerformance, TruePerformance Index, TruePerformance Indicator, TrueMBO, TrueAllocation, TrueProducer, TrueQuota, TrueReferral, TrueResolution, TrueTarget 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.

Press Contact: Jock Breitwieser Callidus Software Inc. (408) 975-6683 pr@callidussoftware.com

New Business Win: Callidus Software Signs Another Pharma Customer in On ...

2009-11-04T10:10:00.001-08:00

SAN JOSE, CA -- 11/03/09 -- Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced that one of the world's leading 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.

For more news on sales performance management, follow Callidus on LinkedIn, Facebook and Twitter.

About Callidus Software®

Press Contact: Jock Breitwieser Callidus Software Inc. (408) 975-6683 pr@callidussoftware.com

Callidus Software Named Among Top 100 Global Providers of Financial Technology

2009-11-02T06:15:00.001-08:00

InvestorForce Chosen by Investment Performance Services to Provide Taft-Hartley Clients with Enhanced Reporting ToolsWAYNE, Pa. - InvestorForce, Inc., a leading software provider of web-based reporting and analytical tools for investment consultants and the institutional investors they serve, is pleased to announce its selection by Investment Performance Services, LLC (IPS), one of the largest investment Link_A_Media Secures $18 Million in Series C FundingSANTA CLARA, Calif. - Link_A_Media Devices Corporation, a leader in data recovery and transport technologies for storage devices, secured $18 million series C funding. Lightspeed Venture Partners, a new investor in the company, led the funding round. Other key investors are ITOCHU TechnologySenators Daschle and Kerrey Join Illume Software’s Board of AdvisorsCONCORD, Mass. - Illume Software, a developer of location-critical software solutions, announced today that a group of outstanding business, political, financial and technology leaders have joined its Board of Advisors. The board includes former South Dakota Senator and U.S. Senate Majority Kevin Holbrook Named CFO of The Original Brooklyn Water Bagel Co. DELRAY BEACH, Fla., Nov. 2 /PRNewswire/ -- Kevin M. Holbrook, a talented executive who has helped build business in everything from real estate to gourmet coffee, has been named chief financial officer of The Original Brooklyn Water Bagel Co., which promises to take the unique taste of ...U.S. Navy Awards Lockheed Martin Nearly $10 Million to Design New Surface Ship Electronic Warfare System SYRACUSE, N.Y., Nov. 2 /PRNewswire/ -- The U.S. Navy recently selected Lockheed Martin (NYSE: LMT) to provide its next-generation of electronic warfare (EW) systems for surface ships, which will significantly improve the Navy's ability to detect threats to the fleet. Under an ini...Prasco Enters into Agreements with sanofi-aventis U.S. to Provide Sales Support and Distribution Services for Authorized Generic Versions Under the Winthrop Label in U.S. CINCINNATI, Nov. 2 /PRNewswire/ -- Prasco Laboratories announced today that it has entered into agreements with Winthrop U.S., a business of sanofi-aventis U.S., to provide sales support and distribution services to Winthrop...Ninety Eight Percent of Surveyed Rheumatologists Will Prescribe Roche's Actemra for Rheumatoid Arthritis WALTHAM, Mass., Nov. 2 /PRNewswire/ -- Decision Resources, one of the world's leading research and advisory firms for pharmaceutical and healthcare issues, finds that 98 percent of surveyed rheumatologists indicate they will prescribe Roche's Actemra, an interleukin-6 inhibitor, ...

New Business Win: Callidus Software's TrueComp Solution Chosen by PSS World ...

2009-10-30T15:24:00.001-07:00

SAN JOSE, CA--(Marketwire - October 30, 2009) - Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced that PSS World Medical (NASDAQ: PSSI), 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.

"Our life sciences momentum continues apace with this agreement. Sales performance management is critical to the life sciences industry," said Jeff Saling, senior vice president of global sales at Callidus Software. "This deal is significant in that it is provided under the terms of our new subscription on-premises license model. This approach provides a much more cost effective way for customers to get the industry leading SPM solution and at the same time adds to Callidus' cumulative annual contract value (ACV) and annual recurring revenue."

Now, more than ever driving performance is critical for delivering business-results. Sales Performance Management, together with incentive compensation management, provides the tools to propel businesses to greater selling success.

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 plan deployment and payment. This helps deliver a high ROI in a very short period of time. The company's solutions give actionable insight into sales execution and channel operations and provide the tools to fine-tune sales performance.

For more news on sales performance management, follow Callidus on LinkedIn, Facebook and Twitter.

About Callidus Software®

About PSS World Medical

PSS World Medical, Inc. is a national distributor of medical products to physicians and elder care providers through its two business units. Since its inception in 1983, PSS has become a leader in the two market segments that it serves with a focused market approach to customer services, a consultative sales force, strategic acquisitions, strong arrangements with product manufacturers and a unique culture of performance.

After-Hours Movers 10/29: AXTI, ISSI, APKT, GNW, CEC, CSA, LVS Higher; IDIX ...

2009-10-30T02:16:00.001-07:00

Idenix Pharmaceuticals, Inc. (NASDAQ: IDIX) 20% LOWER; reports a Q3 loss of $0.18, 6 cents better than the analyst estimate of ($0.24). Revenue for the quarter was $3.1 million, which compares to the estimate of $3.04 million. The company expects that its current cash, cash equivalents and marketable securities can fund operations through at least the next twelve months.

AXT Inc (NASDAQ: AXTI) 19% HIGHER; reports Q3 EPS of $0.07, 9 cents better than the analyst estimate of ($0.02). Revenue for the quarter was $16.8 million, which compares to the estimate of $14.42 million. AXT estimates revenue for the fourth quarter will increase to between $17.0 million and $17.5 million. The company estimates that net income per share will be between $0.03 and $0.05, which takes into account a weighted average share count of approximately 31.7 million shares. (Consensus is $16.03M and $0.00, respectively)

Novatel Wireless (NASDAQ: NVTL) 18.4% LOWER; reports Q3 EPS of $0.20, 10 cents better than the analyst estimate of $0.10. Revenue for the quarter was $94.3 million, which compares to the estimate of $95.55 million.

Integrated Silicon Solution, Inc. (NASDAQ: ISSI) 14.3% HIGHER; reports Q3 EPS of $0.02, 9 cents better than the analyst estimate of ($0.07). Revenue for the quarter was $46.4 million, which compares to the estimate of $43.10 million. (The Company reported net income for the fourth quarter of $3.6 million or $0.14 per diluted share. On a non-GAAP basis, without the effect of the $25.3 goodwill charge, net income in the fourth quarter of fiscal 2008 was $0.6 million, or $0.02 per diluted share) The Company currently expects its revenue for the December quarter to be between $48 million and $52 million and gross margin to be between 24 and 28 percent. (Consensus is $47.60M)

Acme Packet, Inc. (NASDAQ: APKT) 12.6% HIGHER; reports Q3 EPS of $0.09, 2 cents better than the analyst estimate of $0.07. Revenue for the quarter was $36.3 million, which compares to the estimate of $33.92 million. Raises FY revenues from $130.0-$134.0 million to $138.0-$140.0 million vs. consensus of $133.38 million. Raises FY Non-GAAP diluted EPS from $0.28-$0.30 to $.34-$0.35 vs. consensus of $0.29.

Genworth Financial, Inc. (NYSE: GNW) 11.9% HIGHER; reports Q3 adjusted EPS of $0.10, the analyst estimate of ($0.02). Revenue for the quarter was $2.39 billion, which compares to the estimate of $2.52 billion.

CEC Entertainment (NYSE: CEC) 10.8% HIGHER; reports Q3 EPS of $0.55, versus the analyst estimate of $0.46. Revenue for the quarter was $197.80 million, which compares to the estimate of $195.66 million. Raises FY09 EPS to $2.63 - $2.67, versus $2.60 consensus. And sees FY10 $2.70 - $2.80, versus $2.79 consensus.

Cogdell Spencer, Inc. (NYSE: CSA) 10.4% HIGHER; reports Q3 FFO of $0.17, 5 cents better than the analyst estimate of $0.12. Revenue for the quarter was $20 million, which compares to the estimate of $19.67 million. The Company's management team expects that FFOM per share and operating partnership unit for the year ending December 31, 2009, will be between $0.72 and $0.75, excluding the impairment charges. (Consensus is $0.62)

Las Vegas Sands Corp. (NYSE: LVS) 10% HIGHER; reports Q3 EPS of $0.03, 4 cents better than the analyst estimate of ($0.01). Revenue for the quarter was $1.14 billion, which compares to the estimate of $1.17 billion.

Nanometrics (NASDAQ: NANO) 9.5% HIGHER; reports Q3 EPS of $0.08, 14 cents better than the analyst estimate of ($0.06). Revenue for the quarter was $25.8 million, which compares to the estimate of $21.10 million.

Tessera Technologies Inc (NASDAQ: TSRA) 9.5% LOWER; reports Q3 a EPS of $0.37, versus the analyst estimate of $0.21. Revenue for the quarter was $66.10 million, which compares to the estimate of $65.70 million. Sees Q409 Sales $60 - $62 million, versus 70 million.

TeleCommunication Systems, Inc. (NASDAQ: TSYS) 8.8% HIGHER; reports Q3 EPS of $0.10, 3 cents better than the analyst estimate of $0.07. Revenue for the quarter was $71.6 million, which compares to the estimate of $70.14 million.

Bare Essentials, Inc. (NASDAQ: BARE) 8.6% HIGHER; reports Q3 EPS of $0.24, 3 cents better than the analyst estimate of $0.21. Revenue for the quarter was $135.7 million, which compares to the estimate of $131.58 million.

CARDICA INC (NASDAQ: CRDC) 8.3% LOWER; reports Q1 EPS of $0.17 loss, 1 cents below the analyst estimate of ($0.16). Revenue for the quarter was $800K, which compares to the estimate of $2.05 million.

Manitowoc (NYSE: MTW) 7.2% LOWER; reports Q3 adjusted loss of $0.04, 4 cents better than the analyst estimate of $0.08. Revenue for the quarter was $881.50 million, which compares to the estimate of $934.36 million.

Depomed (NASDAQ: DEPO) 6.4% HIGHER; reports Q3 EPS of $0.03, 11 cents better than the analyst estimate of ($0.08). Revenue for the quarter was $23.0 million, which compares to the estimate of $19.35 million.

Stanley, Inc. (NYSE: SXE) 6.3% HIGHER; reports Q2 EPS of $0.49, 7 cents better than the analyst estimate of $0.42. Revenue for the quarter was $217.1 million, which compares to the estimate of $209.05 million. Stanley sees Q3 EPS of $0.46-$0.48, versus the consensus of $0.42. Sees Q3 sales $212-$219 million, versus the consensus of $211 million.

McAfee, Inc. (NYSE: MFE) 6.3% LOWER; reports Q3 adjusted EPS of $0.62, 1 cent better than the analyst estimate of $0.61. Revenue for the quarter was $485.30 million, which compares to the estimate of $486.60 million. Sees Q4 adjusted EPS of $0.61 - $0.65, versus $0.63. And sales $505 - $525 million, versus $506.70 million.

Wright Medical Group, Inc. (NASDAQ: WMGI) 5.3% HIGHER; reports Q3 EPS of $0.11, 1 cent better than the analyst estimate of $0.10. Revenue for the quarter was $117.70 million, which compares to the estimate of $112.93 million. Sees Q409 revs of $122 - $127 million. FY9 EPS $0.80 - $.84, and sales $480 - $485 million.

Mohawk Industries, Inc. (NYSE: MHK) 5.3% LOWER; reports Q3 EPS of $0.64, 8 cents better than the analyst estimate of $0.56. Revenue for the quarter was $1.38 billion, which compares to the estimate of $1.40 billion. Mohawk Industries sees Q4 EPS of $0.28-$0.38, versus the $0.45 consensus. Carpet material costs will reduce margins until we pass them through with higher prices.

AMN Healthcare Services, Inc. (NYSE: AHS) 5.1% LOWER; reports Q3 EPS of $0.05, in-line with the analyst estimate of $0.05. Revenue for the quarter was $166.4 million, which compares to the estimate of $169.45 million. AMN Healthcare sees Q4 sales down 10-15%.

Shaw Group, Inc. (NASDAQ: SHAW) 4.8% LOWER; reports Q4 adjusted EPS of $0.48, 1 cent better than the analyst estimate of $0.47. Revenue for the quarter was $ billion, which compares to the estimate of $1.79 billion. Sees FY10 sales of $7 billion, and EPS ex-Westinghouse $2.10 - $2.20.

LaserCard Corporation (Nasdaq: LCRD) 4.7% LOWER; reports Q2 EPS of $0.15, versus the analyst estimate of $0.16. Revenue for the quarter was $15.70 million, which compares to the estimate of $16.03 million.

RSC Holdings Inc (NYSE: RRR) 4.5% HIGHER; reports Q3 loss of $0.06, versus the analyst estimate of ($0.14). Revenue for the quarter was $316 million, which compares to the estimate of $317.75 million. Sees Q409 sales $265 - $280 million, versus $312.30 million.

Bally Technologies Inc. (NYSE: BYI) 4.4% HIGHER; reports Q1 EPS of $0.53, even with the analyst estimate of $0.53. Revenue for the quarter was $196 million, which compares to the estimate of $206.22 million. Sees FY10 EPS $2.30 - $2.55, versus $2.42.

Callidus Software Inc. (NASDAQ: CALD) 4.2% HIGHER; reports a Q3 loss of $0.12, 4 cents worse than the analyst estimate of ($0.08). Revenue for the quarter was $17.4 million, which compares to the estimate of $18.27 million. Sees Total revenues for the fourth quarter between $16 million and $17.5 million vs. $18.92 million consensus.

Maxim Integrated Products (NASDAQ: MXIM) 4.2% LOWER; reports Q1 EPS of $0.16, 4 cents better than the analyst stimate of $0.12. Revenue for the quarter was $449.2 million, which compares to the estimate of $438.43 million. Maxim Integrated sees Q2 revenues of $450-$465 million, versus $454.8 milion consensus.

Priceline.com Inc. (NASDAQ: PCLN) 4% HIGHER; will replace Schering-Plough in the S&P 500.

eResearch Technology (NASDAQ: ERES) 4% LOWER; reports Q3 EPS of $0.06, in-line with the analyst estimate of $0.06. Revenue for the quarter was $22.7 million, which compares to the estimate of $24.51 million. For the fourth quarter of 2009, management anticipates diluted net income per share of between $0.05 and $0.06, which translates into full year 2009 guidance of between $0.20 and $0.21. This is in line with the lower end of our previously issued guidance. (Q4 EPS consensus is $0.07, FY is $0.23) Due to the lower than anticipated level of Thorough QT bookings in the third quarter of 2009 and some delays in starts of Thorough QT studies, management anticipates net revenues of between $22.0 million and $23.0 million for the fourth quarter of 2009, which translates into full year 2009 guidance of between $92.7 million and $93.7 million. (Q4 revenue consensus is $26.22M, FY is $98.71M)

Dynamic Materials (NASDAQ: BOOM) 3.9% HIGHER; reports Q3 EPS of $0.08, 3 cents better than the analyst estimate of $0.05. Revenue for the quarter was $34.7 million, which compares to the estimate of $32.97 million.

Baldor Electric (NYSE: BEZ) 3.8% LOWER; reports Q3 EPS of $0.27, versus the analyst estimate of $0.28. Revenue for the quarter was $380.40 million, which compares to the estimate of $403.54 million. Sees Q409 sales down 20 - 25% versus one year ago.

Hertz Global Holdings Inc. (NYSE: HTZ) 3.6% HIGHER; reports Q3 EPS of $0.31, 7 cents better than the analyst estimate of $0.24. Revenue for the quarter was $2 billion, which compares to the estimate of $2.01 billion. Hertz Global raises FY EPS from $0.12-$0.15, to $0.21-$0.23. Hertz Global raises FY revenue view to $6.7-$7 billion, versus prior view $7-$7.1 billion and the consensus of $6.97 billion.

Cliffs Natural Resources Inc (NYSE: CLF) 3.5% HIGHER; reports Q3 EPS of $0.45, which may not cmoare to the analyst estimate of ($0.07). Revenue for the quarter was $660 million, which compares to the estimate of $634.56 million.

Standard Pacific Corp. (NYSE: SPF) 3.3% HIGHER; reports Q3 EPS of $0.01 loss, 8 cents better analyst estimate of $0.07 loss. Home building revenue for the quarter was $269.9 million.

Powerwave Technologies (NASDAQ: PWAV) 3.2% HIGHER; reports Q3 EPS of $0.00, in-line with the analyst estimate of $0.00. Revenue for the quarter was $139 million, which compares to the estimate of $139.86 million.

ImmunoGen, Inc. (NASDAQ: IMGN) 3.1% HIGHER; reports a Q3 loss of $0.22, 2 cents worse than the analyst estimate of ($0.20). Revenue for the quarter was $3.1 million, which compares to the estimate of $4.54 million. ImmunoGen expects its net loss for its fiscal year ending June 30, 2010 to be between $44-47 million, its cash used in operations to be between $32-35 million and its capital expenditures to be between $1-2 million, all unchanged from previous guidance. Cash and marketable securities at June 30, 2010 are anticipated to be between $38-40 million, also unchanged from previous guidance.

U.S. Auto Parts Network, Inc. (NASDAQ: PRTS) 3% HIGHER; reports Q3 EPS of $0.03, 3 cents better than the analyst estimate of $0.00. Revenue for the quarter was $47 million, which compares to the estimate of $40.83 million.

Athenahealth, Inc. (Nasdaq: ATHN) 2.8% LOWER; reports Q3 EPS of $0.14, vesus the analyst estimate of $0.16. Revenue for the quarter was $488.70 million, which compares to the estimate of $488.70 million.

GFI Group Inc. (NASDAQ: GFIG) 2.5% LOWER; reports Q3 EPS of $0.06, 3 cents below the analyst estimate of $0.09. Revenue for the quarter was $192.2 million, which compares to the estimate of $195.25 million.

MetLife, Inc. (NYSE: MET) 2.2% LOWER; reports Q3 EPS of $0.87, in-line with the analyst estimate of $0.87. Revenue for the quarter was $12.4 billion, which compares to the estimate of $12.25 billion.

Phase Forward Incorporated (NASDAQ: PFWD) 2.1% HIGHER; reports Q3 EPS of $0.11, 1 cent better than the analyst estimate of $0.10. Revenue for the quarter was $53.9 million, which compares to the estimate of $54.46 million. Phase Forward sees Q4 EPS of $0.12-$0.13, versus consensus of $0.12.

To get this report daily, visit http://www.streetinsider.com/entities/After-Hours+Movers.

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American Banker, Bank Technology News and IDC Financial Insights Release 2009 ...

2009-10-29T13:27:00.003-07:00

http://www.businesswire.com/news/home/20091029005153/en Changes within the top ten and increased international presence in sixth annual ranking NEW YORK--(Business Wire)-- American Bankerand Bank Technology News, SourceMedia`s renowned publications for banking and financial services professionals, and IDC Financial Insights, an independent research services firm, today released the sixth annual FinTech 100 rankings of the top global technology providers to the financial services industry. As the business environment within the financial services industry continues to be a challenging one, the FinTech 100 listing represents an insightful representation of where financial services companies are choosing to invest their technology dollars. Specific highlights from this year`s report include: * Fiserv (NYSE: FISV) retains the number one spot as the largest provider of technology to the financial services industry; * There are 41 companies on this year`s listed headquartered outside of North America; * Representation from EMEA companies continues to be strong with 23 companies with combined revenues approaching $6 Billion; * Three Chinese companies made list and include Hundson Technologies, Inc, Yucheng Technologies, Ltd and new this year Longtop Financial Technologies, Ltd.; and * The number of Indian companies on the list continues to rise with 11 companies included representing combined revenue of more than $5 billion. Vendors included in the 2009 FinTech 100 rankings are as follows: 1. Fiserv Brookfield, Wis., USA 2. Sungard Wayne, Penn., USA 3. Fidelity Information Services Jacksonville, Fla., USA 4. Diebold, Incorporated North Canton, Ohio, USA 5. NCR Corporation Dayton, Ohio, USA 6. Tata Consultancy Services Limited (TCS) Mumbai, Maharashtra, India 7. First Data Corporation Greenwood Village, Colo., USA 8. Total System Services, Inc. (TSYS) Columbus, Ga., USA 9. Lender Processing Services Jacksonville, Fla., USA 10. Metavante Technologies, Inc. Milwaukee, Wis., USA 11. Infosys Technologies, Ltd. Bangalore, Karnataka, India 12. CA (Computer Associates) Islandia, N.Y., USA 13. Cognizant Technology Solutions Teaneck, N.J., USA 14. DST Systems Kansas City, Mo., USA 15. Experian Group Limited Dublin, Ireland 16. SAS Institute Cary, N.C., USA 17. Equifax Atlanta, Ga., USA 18. Jack Henry and Associates, Inc. Monett, Mo., USA 19. Oberthur Card Systems S.A. Nanterre, France 20. Broadridge Financial Solutions, Inc. Lake Success, N.Y., USA 21. Ingenico S.A. Puteaux Cedex, France 22. FICO Minneapolis, Minn., USA 23. Open Solutions Inc. Glastonbury, Conn., USA 24. Itautec São Paulo, Brazil 25. EDB Business Partner ASA Oslo, Norway 26. Temenos Group AG Geneva, Switzerland 27. Hypercom Corporation Scottsdale, Ariz., USA 28. ACI Worldwide New York, N.Y., USA 29. Murex SA Paris, France 30. Misys London, UK 31. IPC Information Systems, Ltd. New York, N.Y., USA 32. 3i Infotech Mumbai, Maharashtra, India 33. CPM Braxis São Paulo, Brazil 34. Syntel Troy, Mich., USA 35. Harland Financial Solutions Lake Mary, Fla., USA 36. SS&C Technologies, Inc. Windsor, Conn., USA 37. Mphasis Corporation (EDS) Bangalore, India 38. TransFirst Holdings, Inc. Dallas, Texas, USA 39. Polaris Software Lab Ltd. Chennai, Tamil Nadu, India 40. Patni Computer Systems Ltd. Mumbai, Maharashtra, India 41. Advent Software, Inc. San Francisco, Calif., USA 42. Wolters Kluwer Financial Services Minneapolis, Minn., USA 43. Simcorp Copenhagen, Denmark 44. GFT Technologies AG St. Georgen, Germany 45. Ness Technologies Canonsburg, Penn., USA 46. Linedata Services S.A. Rueil-Malmaison, France 47. Resolve Corporation Toronto, Ontario, Canada 48. Fidessa London, UK 49. BancTec Irving, Texas, USA 50. S1 Norcross, Ga., USA 51. GlobeOp Financial Services London, UK 52. Headstrong Corporation Fairfax, Va., USA 53. Firstsource Solutions Limited Mumbai, Maharashtra, India 54. DealerTrack Holdings Lake Success, N.Y., USA 55. Charles River Development Burlington, Mass., USA 56. Algorithmics Toronto, Ontario, Canada 57. Politec São Paulo, Brazil 58. Avaloq Zurich, Switzerland 59. Interactive Data Corporation Bedford, Mass., USA 60. Wall Street Systems New York, N.Y., USA 61. Calypso Technology San Francisco, Calif., USA 62. Longtop Financial Technologies Ltd. Beijing, China 63. Pegasystems Cambridge, Mass., USA 64. Bravura Solutions Limited Sydney, Australia 65. FundTech, Ltd. Jersey City, N.J., USA 66. Collabera Morristown, N.J., USA 67. iGATE Global Solutions Limited Bangalore, Karnataka, India 68. OpenLink New York, N.Y., USA 69. Mastek Mumbai, India 70. Sophis London, UK 71. Vasco Data Security Oakbrook Terrace, Ill., USA 72. ERI Bancaire SA Zurich, Switzerland 73. Chordiant Software, Inc. Cupertino, Calif., USA 74. Odyssey Financial Technologies Prilly, Switzerland 75. Online Resources Corporation Chantilly, Va., USA 76. Eagle Investment Systems LLC West Hartford, Conn., USA 77. Viewpointe New York, N.Y., USA 78. TAS Group Bologna, Italy 79. Diamond Management & Technology Consultant Chicago, Ill., USA 80. Callatay and Wouters Brussels, Belgium 81. SmartStream London, UK 82. Investment Technology Group New York, N.Y., USA 83. ORC Software AB Stockholm, Sweden 84. Goldleaf Financial Solutions, Inc. Norcross, Ga., USA 85. Nucleus Software Noida, Uttar Pradesh, India 86. Wausau Financial Systems Mosinee, Wis., USA 87. Hyland Software, Inc. Westlake, Ohio, USA 88. Actuate Corporation San Mateo, Calif., USA 89. Hundsun Technologies Inc. Hangzhou, China 90. Viveo Paris, France 91. Eze Castle Integration Boston, Mass., USA 92. Panini Bologna, Italy 93. Callidus Software, Inc. San Jose, Calif., USA 94. AurionPro Solutions Mumbai, Maharashtra, India 95. COCC Avon, Conn., USA 96. FRS Global Stevens-Woluwe, Belgium 97. Norkom Technologies Dublin, Ireland 98. Yucheng Technologies Limited Beijing, China 99. Celero Solutions Inc. Calgary, Alberta, Canada 100. Argo Data Resource Corporation Richardson, Texas, USA "This year`s FinTech 100 list highlights banks` `flight to quality,` as they consolidate their technology spending with the industry`s largest and most established players," said Rebecca Sausner, editor of Bank Technology News. "The last 18 months has been challenged with the worst financial crisis and recession in generations," said Dana Wiklund, research director, Risk Management, IDC Financial Insights. "One underlying positive is that technology innovation around financial services continues. The evidence for this is year-over-year growth in both aggregate FinTech 100 revenue ($52 Billion up from $45 Billion in 2008) and the minimum threshold for making the FinTech 100 list (up to $50 Million from $36 Million in 2008). Growth in the global participation further underscores the diversification of solutions throughout the industry." The 2009 ranking of the top 100 application/service providers in the financial services industry is categorized and evaluated by calendar year-end revenues (CY08) and the percentage of revenues from sales to financial services industry clients. The FinTech 100 includes vendors that derive more than one-third of eligible revenue from the financial services industry. Revenue from network, telecommunications, electronic exchanges and data services providers is ineligible; therefore percentages less than 33% reflect these adjustments within the rankings. All rankings are based on Financial Insights` revenue estimates including information provided by public and private companies. Financial Insights conducted analysis on more than 400 companies for this recognition. The 2009 honorees will be honored at the BAI Retail Delivery Conference & Expo in Boston at an awards breakfast on November 4 at the Westin Boston Waterfront. To obtain a complete copy of the report, please visit http://www.americanbanker.com/fintech100/ About American Banker, Bank Technology News and SourceMedia, Inc. American Banker, (www.AmericanBanker.com), is the banking industry`s daily source of information, news, and analysis for executives at banks of all sizes. Founded in 1836, with a current readership of more than 65,000, the publication covers topics including national and global banking issues, mortgages, consumer finance, legislation, investment products, card and payment systems and technology. Bank Technology News (www.BankTechNews.com/) is written for 27,000 banking professionals who identify, recommend, purchase and support the front-, middle- and back-office technology needs across all business units of their financial institutions. Bank Technology News provides critical information and analysis on the relationship between banking strategy and technology execution. SourceMedia (www.SourceMedia.com), an Investcorp company, is the pre-eminent provider of timely and essential news, analysis, research, and insights for members of the financial services community, and the related fields of professional services and technology. SourceMedia offers its clients and subscribers professional publications, industry-standard data applications and in-depth seminars and conferences. About IDC Financial Insights IDC Financial Insights (www.financial-insights.com) is one of the world`s leading providers of independent research, custom consulting, and advisory services focusing on the business, technology and operational issues, within the financial services community. We are the preferred research partner for over 250 of the world`s largest financial institutions and technology companies. For the past 6+ years we have been helping our clients understand and manage the challenges they face from a rapidly changing business, operational and technological environment. We proudly employ the industry`s most talented minds, which equip our clients with insights that they rely on and advice they trust. Furthermore, we are the only research firm that has a significant physical presence worldwide, with analyst community based in the America's, Asia Pacific and Europe. About William Mills Agency William Mills Agency was founded in 1977 and promotes companies that sell a variety of products or services in a number of highly specialized vertical markets. The Atlanta-based agency represents companies throughout North America and Europe. For more information, please visit www.williammills.com or call Mr. Kelly Williams at (678) 781-7202. For IDC Financial Insights William Mills Agency Scott Mills, APR, 678-781-7201 President scott@williammills.com or SourceMedia Anne O`Brien, 212-803-8280 EVP Marketing & Strategic Development anne.obrien@sourcemedia.com Copyright Business Wire 2009

Callidus Software Announces Third Quarter 2009 Results

2009-10-29T13:27:00.001-07:00

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SAN JOSE, CA -- (Marketwire) -- 10/29/09 -- Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced financial results for the third quarter ended September 30, 2009.

Total third quarter revenues were $17.4 million, down 38%, compared to the same quarter last year, reflecting the expected declines in both services and license revenues resulting from the company's shift to a recurring revenue business. Recurring revenues, which include subscription and support, were $11.2 million, an increase of 3% compared to Q3 2008. Recurring revenues, while lagging total ACV as customers come online, now account for approximately 64% of total revenues.

The net new Annual Contract Value (ACV) of on-demand and term license bookings in the third quarter was $3.6 million, up from $1.3 million booked in the third quarter of 2008, bringing the cumulative ACV to $28.6 million.

Third quarter services revenues were $5.3 million, down 50%, while third quarter license revenues were $0.9 million, down 87%, in each case, compared to the third quarter of 2008. The decline in services revenues reflects primarily the planned shift to the on-demand business, but also reflects some revenue deferrals and delays in implementations. With this shift to our on-demand business, we expect services revenues to continue to decline because on-demand implementations cost significantly less than on-premise software implementations, benefitting our customers through reduced costs, shorter implementation times, and greater value.

Third quarter GAAP net loss was $6.7 million or ($0.22) per share, which included $2.0 million of restructuring expense, $1.0 million of stock-based compensation expense and $0.1 million of amortization of acquired intangible assets. This compares to GAAP net loss of $1.4 million, or ($0.05) per share, for the third quarter of 2008, which included $2.0 million of stock-based compensation expense and $0.5 million of amortization of acquired intangible assets. Third quarter non-GAAP net loss was $3.6 million, or ($0.12) per share, compared to a non-GAAP net income of $1.1 million, or $0.04 per share, for the same period last year. Non-GAAP net loss excludes stock-based compensation expense, restructuring expense and amortization of acquired intangible assets. Non-GAAP operating expenses for Q3 of $10.2 million are down $3.3 million, or approximately 24%, from Q3 2008.

Cash and investments totaled $36.8 million at September 30, 2009, a decrease of $3.2 million from June 30, 2009.

"With significant competitive wins, we had a strong ACV performance in Q3 as we closed a number of deals in both our on-demand business as well as our term on-premises business. This success validates our move to recurring revenues. Our Monaco suite has real momentum and the transactions we closed in Q3 demonstrate that this product release together with our move to the recurring revenue model is meeting with success. We also signed several key partnerships in the quarter," said Leslie Stretch, president and CEO at Callidus Software. "Further, over the course of the last year we have significantly reduced our fixed costs and right-sized the Company to fit our new recurring revenue business model. This has resulted in Q3 non-GAAP operating expenses which are down approximately 24% from the prior year period."

"Our product offerings continue to expand across all business lines, including our growing Force.com solution suite, which offers sales performance solutions for businesses of all sizes. We continue to add world-class companies to our list of partners to further expand our global reach and customer base. Our subscription and support recurring revenues are now the primary contributor to our total revenue and margin performance, and we are driving to achieve profitability in the second half of 2010," continued Stretch.

Recent Business Highlights

-- New Products: Callidus launched Commissions Manager, a 100% native Force.com solution that enables sales professionals to manage commissions as part of the salesforce CRM solution. This self-service solution enables sales professionals to project their target earnings in-line with their opportunities, initiate claims for credit and payment approval, and track the status and amounts of paid and pending commissions, all as part of their day-to-day opportunity management. -- Partners: Callidus expanded its geographic reach by signing a reseller agreement with HAND Enterprise Solutions in China and SevenSeas Technologies in Africa. -- Industry Recognition: Callidus Software was named a winner of Customer Interaction Solutions' 10th Annual CRM Excellence Awards; Callidus was named a leader in CRM Magazine's 2009 CRM Market Awards; for the fifth consecutive year, Callidus Software was included into Software Magazine's Software 500, a ranking of the world's largest software and service providers.

Financial Outlook

-- Total revenues for the fourth quarter of 2009 are expected to be between $16 million and $17.5 million, reflecting increased recurring revenues offset by further decline in services revenues as the shift to the on-demand business continues and our customers experience even shorter implementation times. -- GAAP operating expenses, including stock-based compensation of approximately $1.1 million, are expected to be between $10.6 million and $11.6 million in the fourth quarter of 2009.

Conference Call

A conference call to discuss the third quarter 2009 results and outlook is scheduled for 1:30 p.m. Pacific Time (PT) today. The conference call will be available via live webcast at the Investor Relations section of Callidus Software's website at http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=146634&eventID=2445617. To participate in the call via telephone, the dial-in number will be 800-299-0148 (international: +1 617-801-9711), passcode 68498415.

A webcast replay of the conference call will be available after 3:30 p.m. PDT today through November 5, 2009. The webcast replay will be available at the Investor Relations section of Callidus Software's website under Calendar of Events.

About Callidus Software®

Note on Forward-Looking Statements

The forward-looking statements included in this press release, including statements regarding our business strategy and on-demand business, estimates of profitability in the second half of 2010 and fourth quarter 2009 total revenues, services revenues, recurring revenues, operating expenses and stock-based compensation expense, reflect management's best judgment based on factors currently known and involve risks and uncertainties. These risks and uncertainties include, but are not limited to, potential disruption of customer purchase decisions resulting from global economic conditions, timing and size of orders, potential material fluctuations in financial results and future growth rates, decreases in customer spending, uncertainty regarding SPM market, customer cancellations or non-renewal of maintenance contracts or on-demand services, our potential inability to manage effectively any growth we experience, potential disruptions to our business due to restructuring activities and management changes, uncertainty regarding the demand for and profitability of our on-demand services, increased competition or new entrants in the marketplace, litigation and other risks detailed in Callidus' reports filed with the Securities and Exchange Commission (SEC), including its Form 10-K for 2008 and its Form 10-Q for the second quarter ended June 30, 2009, copies of which may be obtained by contacting Callidus Software's Investor Relations department at 408-808-6577, or from the Investor Relations section of Callidus Software's website (www.callidussoftware.com). Actual results may differ materially from those presently reported. We assume no obligation to update the information contained in this release.

Non-GAAP Financial Measures

Callidus has provided in this release financial information that has not been prepared in accordance with GAAP. This information includes non-GAAP net income and earnings per share. Callidus uses non-GAAP measures internally in analyzing its financial results and believes that they are useful to investors, as a supplement to GAAP measures, in evaluating Callidus' operating performance. Callidus believes that the use of these non-GAAP measures provides additional insight for investors to use in evaluation of ongoing operating results and trends and in comparing its financial measures with other companies in Callidus' industry, many of which present similar non-GAAP financial measures to investors. As noted, the non-GAAP financial measures exclude stock-based compensation expense, restructuring expense and amortization of acquired intangibles. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP.

CALLIDUS SOFTWARE INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except for per share data) (unaudited) Three months ended Nine months ended September 30, September 30, ------------------- ------------------- 2009 2008 2009 2008 -------- -------- -------- -------- Revenues: Recurring $ 11,170 $ 10,874 $ 34,669 $ 29,208 Services 5,349 10,597 25,958 37,992 License 872 6,782 5,034 12,638 -------- -------- -------- -------- Total revenues 17,391 28,253 65,661 79,838 Cost of revenues: Recurring (1) 5,711 4,147 16,912 11,095 Services (1) (2) 5,054 10,092 22,034 33,739 License 214 355 656 705 -------- -------- -------- -------- Total cost of revenues 10,979 14,594 39,602 45,539 -------- -------- -------- -------- Gross profit 6,412 13,659 26,059 34,299 Operating expenses: Sales and marketing (1) (2) 4,586 7,748 15,892 22,337 Research and development (1) 3,397 3,808 10,871 10,958 General and administrative (1) 3,072 3,529 9,322 10,261 Restructuring 1,973 - 2,778 397 -------- -------- -------- -------- Total operating expenses 13,028 15,085 38,863 43,953 -------- -------- -------- -------- Operating loss (6,616) (1,426) (12,804) (9,654) Interest and other income, net 49 103 239 914 -------- -------- -------- -------- Income (loss) before provision for income taxes (6,567) (1,323) (12,565) (8,740) Provision (benefit) for income taxes 173 64 319 407 -------- -------- -------- -------- Net Income (loss) $ (6,740) $ (1,387) $(12,884) $ (9,147) ======== ======== ======== ======== Basic net income (loss) per share $ (0.22) $ (0.05) $ (0.43) $ (0.31) ======== ======== ======== ======== Diluted net income (loss) per share $ (0.22) $ (0.05) $ (0.43) $ (0.31) ======== ======== ======== ======== Shares used in basic per share computation 30,205 30,063 29,901 29,937 ======== ======== ======== ======== Shares used in diluted per share computation 30,205 30,063 29,901 29,937 ======== ======== ======== ======== (1) Stock-based compensation included in amounts above by category: Cost of recurring 108 184 402 497 Cost of services 185 320 441 970 Sales and marketing 221 401 795 1,487 Research and development 181 294 590 915 General and administrative 310 795 989 2,021 -------- -------- -------- -------- Total stock-based compensation $ 1,005 $ 1,994 $ 3,217 $ 5,890 ======== ======== ======== ======== (2) Acquisition related asset amortization $ 125 $ 500 $ 438 $ 1,417 CALLIDUS SOFTWARE INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (unaudited) September 30, December 31, Assets 2009 2008 ------------- ------------- Current assets: Cash and cash equivalents $ 22,308 $ 35,390 Short-term investments 13,637 1,455 Accounts receivable, net 12,072 22,710 Deferred income taxes 360 360 Prepaid and other current assets 3,474 4,104 ------------- ------------- Total current assets 51,851 64,019 Long-term investments 897 3,828 Property and equipment, net 4,825 4,890 Goodwill 5,528 5,655 Intangible assets, net 3,601 3,208 Deferred income taxes, noncurrent 811 811 Deposits and other assets 675 1,468 ------------- ------------- Total assets $ 68,188 $ 83,879 ============= ============= Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 2,523 $ 2,447 Accrued payroll and related expenses 5,127 7,128 Accrued expenses 3,456 5,027 Deferred income taxes 816 816 Deferred revenue 19,168 21,881 ------------- ------------- Total current liabilities 31,090 37,299 Long-term deferred revenue 394 1,202 Deferred income taxes, noncurrent 111 - Other liabilities 1,430 1,412 ------------- ------------- Total liabilities 33,025 39,913 ------------- ------------- Stockholders' equity Common stock 30 29 Additional paid-in capital 211,312 207,493 Accumulated other comprehensive income 230 121 Accumulated deficit (176,409) (163,677) ------------- ------------- Total stockholders' equity 35,163 43,966 ------------- ------------- Total liabilities and stockholders' equity $ 68,188 $ 83,879 ============= ============= CALLIDUS SOFTWARE INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (unaudited) Nine months ended September 30, ----------------------------- 2009 2008 ------------- ------------- Cash flows from operating activities: Net loss $ (12,884) $ (9,147) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation expense 2,184 1,782 Amortization of intangible assets 1,450 2,138 Provision for doubtful accounts and service remediation reserves (128) 451 Stock-based compensation 3,217 5,890 Loss on disposal of property - 24 Deferred income taxes 111 - Net accretion on investments 32 (159) Put option (gain) loss 306 - (Gain) loss on investments classified as trading securities (472) - Changes in operating assets and liabilities: Accounts receivable 10,921 8,744 Prepaid and other current assets 691 (1,007) Other assets 232 730 Accounts payable (57) (1,031) Accrued expenses (2,252) (2,808) Accrued payroll and related expenses (1,640) (1,200) Accrued restructuring (417) (972) Deferred revenue (3,542) 1,906 ------------- ------------- Net cash provided by (used in) operating activities (2,248) 5,341 ------------- ------------- Cash flows from investing activities: Purchases of investments (18,311) (13,919) Proceeds from maturities and sale of investments 9,670 35,720 Purchases of property and equipment (1,554) (1,927) Purchases of intangible assets (1,487) (280) Acquisition, net of cash acquired (14) (7,500) Change in restricted cash 202 - ------------- ------------- Net cash provided by (used in) investing activities (11,494) 12,094 ------------- ------------- Cash flows from financing activities: Net proceeds from issuance of common stock 1,719 4,785 Repurchases of stock (742) (5,140) Repurchase of common stock from employees for payment of taxes on vesting of restricted stock units (372) - ------------- ------------- Net cash (used in) provided by financing activities 605 (355) ------------- ------------- Effect of exchange rates on cash and cash equivalents 55 30 ------------- ------------- Net increase (decrease) in cash and cash equivalents (13,082) 17,110 Cash and cash equivalents at beginning of period 35,390 21,813 ------------- ------------- Cash and cash equivalents at end of period $ 22,308 $ 38,923 ============= ============= Supplemental disclosures of cash flow information: Cash paid for income taxes $ - $ 8 ============= ============= Non-cash investing and financing activities: Purchases of property and equipment not paid as of quarter-end $ 113 $ 533 ============= ============= Purchases of intangible assets not paid as of quarter-end $ 456 $ 81 ============= ============= Deferred direct stock-based compensation costs $ 2 $ - ============= ============= CALLIDUS SOFTWARE INC. UNAUDITED RECONCILIATION OF NON-GAAP TO GAAP FINANCIAL MEASURES (In thousands, except for percentages and per share data) Three months ended Nine months ended September 30, September 30, ------------------- ------------------- 2009 2008 2009 2008 -------- -------- -------- -------- Non-GAAP operating expense reconciliation: Operating expenses $ 13,028 $ 15,085 $ 38,863 $ 43,953 Operating expenses, as a % of total revenues 75% 53% 59% 55% Add back: Non-cash stock-based compensation $ (712) $ (1,490) $ (2,374) $ (4,423) Non-cash amortization of acquired intangible assets (125) (125) (375) (354) Special charges (1,973) - (2,778) (397) -------- -------- -------- -------- Non-GAAP Operating Expenses $ 10,218 $ 13,470 $ 33,336 $ 38,779 -------- -------- -------- -------- Non-GAAP Operating expenses, as a % of total revenues 59% 48% 51% 49% Non-GAAP operating income (loss) reconciliation: Operating income (loss) $ (6,616) $ (1,426) $(12,804) $ (9,654) Operating income (loss), as a % of total revenues -38% -5% -20% -12% Add back: Non-cash stock-based compensation $ 1,005 $ 1,994 $ 3,217 $ 5,890 Non-cash amortization of acquired intangible assets 125 500 438 1,417 Special Charges 1,973 - 2,778 397 -------- -------- -------- -------- Non-GAAP Operating income (loss) $ (3,513) $ 1,068 $ (6,371) $ (1,950) -------- -------- -------- -------- Non-GAAP Operating income (loss), as a % of total revenues -20% 4% -10% -2% Non-GAAP net income (loss) reconciliation: Net income (loss) $ (6,740) $ (1,387) $(12,884) $ (9,147) Net income (loss), as a % of total revenues -39% -5% -20% -11% Add back: Non-cash stock-based compensation $ 1,005 $ 1,994 $ 3,217 $ 5,890 Non-cash amortization of acquired intangible assets 125 500 438 1,417 Special Charges 1,973 - 2,778 397 -------- -------- -------- -------- Non-GAAP Net income (loss) $ (3,637) $ 1,107 $ (6,451) $ (1,443) -------- -------- -------- -------- Non-GAAP Net income (loss), as a % of total revenues -21% 4% -10% -2% Non-GAAP net income (loss) per share reconciliation: Net income (loss) per basic and diluted share $ (0.22) $ (0.05) $ (0.43) $ (0.31) Add back: Non-cash stock-based compensation 0.03 0.07 0.11 0.20 Non-cash amortization of acquired intangible assets - 0.02 0.01 0.05 Special Charges 0.07 - 0.09 0.01 -------- -------- -------- -------- Non-GAAP net income (loss) per basic and diluted share $ (0.12) $ 0.04 $ (0.22) $ (0.05) -------- -------- -------- -------- Shares used in calculation of GAAP and Non-GAAP net income (loss) per share: -------- -------- -------- -------- Basic 30,205 30,063 29,901 29,937 -------- -------- -------- -------- Diluted 30,205 30,063 29,901 29,937 -------- -------- -------- --------

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Investor Relations Contact: Ron Fior 408-808-6518 ir@callidussoftware.com Press Contact: Jock Breitwieser 408-975-6683 pr@callidussoftware.com

Callidus Software Unveils Monaco Fall -- Suite Offers New Features ...

2009-10-22T21:18:00.001-07:00

SAN JOSE, CA--(Marketwire - October 22, 2009) - Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced its Monaco Fall '09 release with new features for the market-leading on-demand SPM suite to deliver unprecedented agility and rapid ROI. Monaco Fall '09 offers various enhancements, including Callidus Communicator, a new solution that enables accelerated plan distribution and approval to ensure sales teams receive compensation updates quickly and on-time. The solution also includes a pre-packaged plans library. Created by industry experts, the library allows for faster start up, quick time-to-value and offers best practices analytics directly out-of-the-box for stakeholders across various roles. In addition, the Monaco Suite now enables mobile support and allows the sales force to access up-to-date compensation reports on the go for increased convenience and faster processing.

For a detailed overview about the Callidus Monaco Suite, please visit http://www.callidussoftware.com/solutions/monaco/

Callidus Communicator provides an additional sales-facing solution on the Monaco platform. It streamlines the sales incentive process for faster go-to-market deployment and increased sales productivity. Businesses can quickly and accurately communicate sales incentives and contracts to their field organizations, update the field on mid-year changes, and monitor acceptance. This decreases the time and manual effort of managing and tracking signoff so businesses can work on completing sales and not paperwork.

The Callidus Monaco Suite also provides enhanced visualization graphics that fuel the productivity of key sales processes. Business users that are setting and allocating quotas, or setting and aligning sales objectives, can now visualize -- in real-time -- projected and actual targets to assess alignment with corporate objectives. In addition, visualizations to isolate and highlight incentive effectiveness and pay-for-performance alignment enable users to adjust and optimize plans and sales coverage throughout the plan design and monitoring cycle.

The Callidus Monaco Suite offers over 20 plans and re-usable components to achieve faster implementation and ROI. As the most experienced SPM provider, Callidus Software has created a portable components library that can be quickly accessed and shared, so businesses can rapidly deploy incentive plans, quotas and territory coverage. The library is shipped with an integrated collection of plan templates, compensation statements and performance analytics that allows rapid end-to-end implementation.

"We are especially excited about the Callidus Monaco Fall release," said Lorna Heynike, senior vice president of marketing at Callidus Software. "Monaco Fall is easy to deploy and implement. We added components that help our customers save valuable time and resources, realize rapid ROI and optimize the sales life-cycle. Our customers reap the business-benefits of features like rapid on-boarding, plan, quota and territory deployment, as well as payment and report generation. By productizing our industry-leading IP, businesses can swiftly adopt best practices for incentives and performance monitoring shortly after implementation."

The Callidus Monaco SPM Suite enables business users to implement and deploy a sales performance solution without reliance on IT. The application automatically handles user creation and permissions, dramatically reducing IT dependence. Data can be directly loaded into the system from the user interface from programs such as Microsoft Excel. Workflows can be deployed through straight-forward business questions in Monaco's graphical user interface.

For more news on sales performance management, follow Callidus Software on LinkedIn, Facebook and Twitter.

About Callidus Software®

Verigy Selects Callidus Monaco On-Demand Platform For Sales Performance ...

2009-10-21T00:48:00.001-07:00

Verigy Selects Callidus Monaco On-Demand Platform For Sales Performance Management - Quick Facts 10/12/2009 7:19 AM ET

RELATED NEWS Callidus Software Inks New Customer For On-demand Monaco Suite - Quick Facts Medical Mutual Of Ohio Chooses Callidus Software's Insurance Suite And Business Process Management Suite - Quick Facts Callidus Software Wins Deal From Fujitsu Network For Callidus On-Demand For Sales Performance Management - Quick Facts Callidus Software Q2 Loss Narrows; Guides Q3 Callidus Software Q2 09 Earnings Conference Call At 4:30 AM (RTTNews) - Monday, Callidus Software Inc. (CALD: News ) announced that Verigy Ltd. (VRGY: News ) has selected Callidus Monaco On-Demand platform to manage sales performance and incentive compensation programs for its direct channel sales representatives and managers worldwide.The Callidus SPM Suite provides an end-to-end performance management platform. The company stated that it enables businesses to optimize the entire sales lifecycle from sales on-boarding, to quota and plan deployment and payment. The company also added that its solutions give actionable insight into sales execution and channel operations and provide the tools to fine-tune sales performance. Click here to receive FREE breaking news email alerts for Callidus Software Inc. and others in your portfolio

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Callidus Software Is Platinum Sponsor of Dreamforce '09, Salesforce.com's User ...

2009-10-20T09:58:00.001-07:00

SAN JOSE, CA--(Marketwire - October 20, 2009) - Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced it is a platinum sponsor of Dreamforce '09, salesforce.com's seventh annual user and developer conference. The event will be held Nov. 17-20, 2009 at the Moscone Convention Center in San Francisco. Callidus Software is located at booth #716. The company will showcase its Force.com applications including Callidus Monaco Suite, Commissions Manager and Plan Communicator.

Callidus Software will host two breakout sessions at this year's conference. The sessions will focus on how to leverage the Force.com platform to drive sales growth using SPM applications. Attendees will learn best practices using Callidus Software's market-leading solutions. Both sessions will be held at "Moscone North 124."

-- The first breakout session will be held on Wednesday, November 18, from 11:45 a.m. to 12:45 p.m. -- The second breakout session will be on Thursday, November 19, from 1:30 p.m. to 2:30 p.m.

"Callidus Software is a key partner for salesforce.com that is committed to joint customer success in the cloud," said Kendall Collins, chief marketing officer, salesforce.com. "Callidus Software's platinum sponsorship of Dreamforce this year demonstrates the company's commitment to cloud computing. Attendees at this year's conference will experience firsthand how Callidus innovative solutions built on the Force.com platform provide the tools to address specific sales performance management issues across multiple industries."

At its booth, Callidus Software will demo its latest Force.com applications including its Monaco Suite, Commissions Manager and Plan Communicator. Attendees can experience the newest features and gain in-depth knowledge on how to use the solutions to optimize the entire sales lifecycle from sales on-boarding, to quota and plan deployment, and payment.

"We are very happy to be a platinum sponsor at this year's Dreamforce Conference," said Lorna Heynike, senior vice president of marketing at Callidus Software. "Coupled with CRM, SPM delivers a comprehensive cloud computing sales management solution to companies across industries. In partnership with salesforce.com, we offer award-winning solutions to over 60,000 customers."

Dreamforce is the cloud computing event the year. It provides companies, users and developers with best practices, networking opportunities and access to the vendors in the salesforce.com ecosystem. This year more than 10,000 attendees are anticipated at the event.

About the Force.com Platform and AppExchange

Force.com is the only proven enterprise platform for building and running business applications in the cloud. The Force.com platform powers the Salesforce CRM applications, more than 800 ISV partner applications like those from CODA and Fujitsu, and more than 120,000 custom applications used by salesforce.com's 63,200 customers such as Japan Post, Kaiser Permanente, KONE and Sprint Nextel.

Applications built on the Force.com platform can be easily distributed to the entire cloud computing community through the Force.com AppExchange marketplace at http://www.salesforce.com/appexchange/.

About Callidus Software®

Callidus Software (www.callidussoftware.com) (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 execution. Our award-winning Software-as-a-Service (SaaS) applications set the standard for performance management of a company's sales force and its other employees. Over 2 million employees and channel partners have their performance managed by Callidus Software.

Callidus Software to Present at Oracle OpenWorld 2009

2009-10-19T04:17:00.001-07:00

SAN JOSE, CA -- (Marketwire) -- 10/08/09 -- Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced that Jeff Saling, senior vice president of global sales at Callidus Software, will present at Oracle OpenWorld. The conference takes place at The Moscone Convention Center in San Francisco, CA. The session will be held on Monday, October 12, 2009 at 2:30 p.m. PT in Moscone South, room 236.

The presentation, "Deploying a SaaS Application on the Oracle Platform: Callidus Case Study," will cover various business and technology facets of deploying and managing a SaaS application. Jeff Saling will explain how Callidus Software ensures scalability, SLAs and rapid innovation with low operation costs. In his presentation, Saling will explain how Callidus Software leverages the reliability of the Oracle platform and how regular updates help provide stability for companies of all sizes. Attendees will also learn how Oracle increases the SaaS providers' market visibility.

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 lower the overall cost of management and accelerate sales readiness. Callidus delivers a high ROI in a very short period of time. The company's solutions give timely insight into sales performance and channel operations, provide the tools to quickly take corrective action and fine-tune business performance.

The Oracle OpenWorld Conference provides attendees with relevant content for business and technology needs and networking opportunities with professionals from around the world. Participants get hands-on experience with a full breadth of Oracle technology and can preview what is coming next from Oracle and its partners. The event offers more than 1,800 sessions, 400 partner exhibits, keynotes from the world's technology leaders, hands-on labs and several special networking events.

For more news on sales performance management and pervasive performance management, follow Callidus on LinkedIn, Facebook and Twitter.

About Callidus Software®

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Press Contact: Jock Breitwieser Callidus Software Inc. (408) 975-6683 pr@callidussoftware.com

Top Lawyer at Synopsys Works on Chipping In as an Innovator

2009-10-14T21:32:00.001-07:00

Brian Cabrera, general counsel of Synopsys

CHIPPING IN

Based in Mountain View, Calif., Synopsys Inc. manufactures the electronic design automation software used by 90% of the world's chip designers. The company also has begun providing customers with the intellectual property to design and build circuits in exchange for annual payments instead of license fees. Synopsys has about 6,000 employees worldwide, with roughly one-third based in Silicon Valley. Half of Synopsys' $1.5 billion in annual revenues comes from overseas sales.

LEGAL DEPARTMENT

General Counsel Brian Cabrera reports to Chief Financial Officer Brian Beattie. He serves as corporate secretary and oversees government affairs. Cabrera supervises a staff of 32, including 20 attorneys, around the globe.

Cabrera's staff is divided into several groups, including a "back office" team of associate general counsel who handle intellectual property, litigation, patents, trademarks, trade secrets and copyrights. A corporate group based in Mountain View oversees mergers and acquisitions, human resources, labor and corporate governance. The licensing team includes counsel in Mountain View plus international counsel based in countries including Ireland, Taiwan and Japan.

OUTSIDE COUNSEL

Synopsys outsources 30% of its legal work to "a stable of top firms," Cabrera said. The company uses Wilson Sonsini Goodrich & Rosati in Palo Alto, Calif., for some litigation and pension and benefits plans. Paul, Hastings, Janofsky & Walker handles patent prosecution, and Cabrera turns to Fenwick & West of Mountain View for labor and employment matters. Work also goes to Jones Day and New York-based Dewey & LeBoeuf. At the beginning and end of each fiscal quarter, when the department is particularly crunched for time, some licensing and procurement work is turned over to what Cabrera calls "lower-cost providers."

SAVING MONEY

Cabrera has trimmed the number of outside vendors from 100 to fewer than 70. During the past three years, he's sliced between 35% and 40% from his budget while boosting productivity. He instituted flat-fee arrangements to realize substantial savings on the fees charged by big-name firms. His strategy has been to craft partnerships that guarantee the firms overflow work from his department while they agree to provide better rates and efficiency.

Cabrera created the Synopsys Business School to educate his staff lawyers about business matters such as bankruptcy and to improve their business skills, including the ability to produce PowerPoint presentations. Instructors, often outside counsel, are thrilled to have access to Synopsys' senior legal team, a gaggle of prospective Silicon Valley general counsel. "If I were hit by a bus tomorrow," Cabrera said, "then rather than having no relationship there or having to rebuild it all from scratch, my outside counsel is having regular meetings with my group."

The department regularly awards public recognition and Lucite "MVP" awards to outside counsel staff at all levels who have been especially helpful on Synopsys jobs. "Their faces really light up, and I can't tell you how much that motivates them to help us in the future when we have new projects and opportunities for them to work on," Cabrera said. "If I have a relationship with them, my hope is that they answer my calls before they answer anybody else's."

GOING PAPERLESS

By year's end, Synopsys' 30 million-plus documents all will be accessible electronically. The company will no longer need to rent off-site archive space, saving several hundred thousand dollars annually. As part of the yearlong conversion, the legal staff donned jeans, T-shirts, gloves and facemasks on Fridays to dig through more than 11,000 dusty, long-untouched boxes of documents stored in an off-site archive. Synopsys is retaining hard copies of select paperwork, including documents requiring original signatures, but everything else is being stored electronically.

ROUTE TO PRESENT POSITION

Cabrera earned an undergraduate degree from the University of Southern California in 1988. He was awarded a law degree from the University of Southern California Gould School of Law and a master's degree in public administration from the university's School of Public Policy and Administration, both in 1990.

Cabrera's plan was to become a trial attorney and then, perhaps, a politician. He worked in the California attorney general's office, the U.S. attorney's office for the Central District of California and the California attorney general's office. He later became a litigator at now-defunct Bronson, Bronson & McKinnon in San Francisco.

By 1993, Cabrera was becoming disenchanted with litigation. His brother, who was working in sales at Silicon Graphics Inc., mentioned an opportunity in its legal department handling licensing, negotiations and contracts. Cabrera was ready to give it a try. He quickly found himself captivated by the blend of business, technology and law.

"I just loved the idea of working with one client and being part of the process in a constructive way," he said.

After two years at Silicon Graphics, Cabrera joined Netscape as senior counsel for two years. He moved to PeopleSoft Inc. in 1997 as chief operations counsel, departing to become the first general counsel for Callidus Software Inc. in late 1999. He helped take that company public in 2003 and served as senior vice president, secretary and general counsel. He joined Synopsys in June 2006.

PERSONAL

Cabrera and wife Xochitl (the Aztec name is pronounced "Zo-chil") have three children: Alexander, 5; Aidan, 3; Alicia, 18 months. Always an early riser, Cabrera and his brother juggled five San Jose Mercury News paper routes as kids. He continues to get up at 5 a.m. three days a week to work out with a trainer. He is a world traveler; practices karate, a sport his boys also enjoy; and is working toward obtaining his black belt. He plays tennis and likes to cycle.

LAST BOOK AND MOVIE

Kung Fu Panda, with the kids, and Blue Ocean Strategy by W. Chan Kim and Renee Mauborgne.

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Verigy Selects Callidus On-Demand for Sales Performance Management Worldwide

2009-10-12T10:21:00.001-07:00

SAN JOSE, CA--(Marketwire - October 12, 2009) - Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced that Verigy (NASDAQ: VRGY), a premier semiconductor test company, has selected Callidus Monaco On-Demand platform to manage sales performance and incentive compensation programs for its direct channel sales representatives and managers worldwide.

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. The company's solutions give actionable insight into sales execution and channel operations and provide the tools to fine-tune sales performance.

With users in over 130 countries, Callidus On-Demand is the market's leading on-demand SPM solution. Callidus On-Demand delivers 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. Callidus On-Demand offers a fast path to sales performance management success, is easy to deploy and features predictable, low ongoing costs in a solution that is secure, safe, reliable and accurate and grows with the business requirements.

For more news on sales performance management and pervasive performance management, follow Callidus on LinkedIn, Facebook and Twitter.

About Callidus Software®

About Verigy

Verigy provides advanced semiconductor test systems and solutions used by leading companies worldwide in design validation, characterization, and high-volume manufacturing test. Verigy offers scalable platforms for a wide range of system-on-chip (SOC) test solutions, and memory test solutions for Flash, DRAM including high-speed memories, as well as multi-chip packages (MCP). Verigy also provides advanced analysis tools that accelerate design debug and yield ramp processes. Additional information about Verigy can be found at www.verigy.com.

Callidus Software Named Into Software Magazine's Annual Software 500 for Fifth ...

2009-10-11T05:05:00.001-07:00

Software Magazine Ranks Callidus Software as the World's Largest Sales Performance Management CompanySAN JOSE, CA, Oct 01, 2009 (MARKETWIRE via COMTEX News Network) --

Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced its inclusion in Software Magazine's 27th annual Software 500 ranking of the world's largest software and service providers. Callidus Software was ranked 209, with software revenue of $107 million, making it the highest ranking SPM vendor on the list. Callidus Software ranked in the top half of the list for the last five years in a row.

"We are extremely pleased to rank in the Software 500 for the fifth year in a row," said Lorna Heynike, senior vice president of marketing at Callidus Software. "To be recognized in the Software 500 list confirms our leadership in the market. We are commitment to providing businesses of any size and industry the best solutions to align sales behavior with corporate objectives, increase sales effectiveness and drive revenue."

Callidus Software's high ranking in the Software 500 further validates the value of its robust sales performance management suite that provides the visibility and flexibility necessary to boost business strategy. The company's domain expertise across a wide range of industries and its extensive product offering enables companies of any size to improve sales performance, increase profits and increase revenue.

The Software 500 is a revenue-based ranking of the world's largest software and services suppliers targeting medium to large enterprises, their IT professionals, software developers and business managers involved in software and services purchasing.

"The 2009 Software 500 results show that revenue growth in the software and services industry was healthy, with total Software 500 revenue of $491.3 billion worldwide for 2008 representing 8.8% growth from the previous year," says John P. Desmond, editor of Software Magazine and Softwaremag.com.

"The Software 500 helps CIOs, senior IT managers and IT staff research and create the short list of business partners," Desmond says. "It is a quick reference of vendor viability. And the online version is posted at www.Softwaremag.com is searchable by category, making it what we call the online catalog to enterprise software."

The ranking is based on total worldwide software and services revenue for 2008. This includes revenues from software licenses, maintenance and support, training and software-related services and consulting. Suppliers are not ranked on their total corporate revenue, since many have other lines of business, such as hardware. The financial information was gathered by a survey prepared by King Content Co. and posted at www.Softwaremag.com, as well as from public documents.

For more news on sales performance management and pervasive performance management, follow Callidus on LinkedIn, Facebook and Twitter.

About Callidus Software(R)

Callidus Software (www.callidussoftware.com) (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 execution. Our award-winning Software-as-a-Service (SaaS) applications set the standard for performance management of a company's sales force and its other employees. Over 2 million employees and channel partners have their performance managed by Callidus Software.

About Digital Software Magazine, the Software Decision Journal, and Softwaremag.com

Digital Software Magazine, the Software Decision Journal, has been a brand name in the high-tech industry for 30 years. Softwaremag.com, its Web counterpart, is the online catalog to enterprise software and the home of the Software 500 ranking of the world's largest software and services companies. Software Magazine and Softwaremag.com are owned and operated by King Content Co.

Press Contact: Jock Breitwieser Callidus Software Inc. (408) 975-6683 pr@callidussoftware.com Software 500 Contact: Tracy Kunichika Software 500 Project Leader Tracyk@softwaremag.com

SOURCE: Callidus Software Inc.

mailto:pr@callidussoftware.com mailto:Tracyk@softwaremag.com

Callidus Software Named Into Software Magazine's Annual Software 500 for Fifth ...

2009-10-09T08:49:00.003-07:00

(Source: MARKETWIRE)Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced its inclusion in Software Magazine's 27th annual Software 500 ranking of the world's largest software and service providers. Callidus Software was ranked 209, with software revenue of $107 million, making it the highest ranking SPM vendor on the list. Callidus Software ranked in the top half of the list for the last five years in a row.

Callidus Software to Present at Oracle OpenWorld 2009

2009-10-09T08:49:00.001-07:00

New Business Win: Callidus Software Continues Strong Momentum and Signs Top ...

2009-10-07T11:55:00.001-07:00

SAN JOSE, CA--(Marketwire - October 7, 2009) - Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced it signed a major new customer for its on-demand Monaco suite. The agreement was signed in the third quarter of 2009.

"This SaaS deal will provide market-leading SPM services to a top-ten European pharmaceutical company. Serving 5,500 payees, this is a very significant deal for our Monaco suite in 2009. Monaco leads the SPM market with its unbeatable combination of ease of use and deep functionality, all delivered by Callidus On-Demand. SaaS is taking hold in the enterprise market. In deals like this, our solutions replace existing and inflexible legacy solutions and bring our customers enterprise SaaS from the SPM market-leader," said Jeff Saling, senior vice president of global sales at Callidus Software.

Now, more than ever, achieving cost efficiencies and driving performance is critical for delivering on results. Sales Performance Management (SPM) -- including incentive compensation management to control sales costs and performance management to drive sales growth -- provides the tools to power businesses to greater selling success.

The Callidus SPM Suite provides an end-to-end performance management platform. The suite enables businesses to optimize the sales lifecycle from sales on-boarding, to sales quota and plan deployment, to sales payment, lowering the overall cost of management and accelerating sales readiness. Callidus delivers a high ROI in a very short period of time by delivering timely insight to sales performance and channel operations, and the tools to quickly course correct to tune that performance.

For more news on sales performance management, follow Callidus on LinkedIn, Facebook and Twitter.

About Callidus Software®

Callidus Software Named Into Software Magazine's Annual Software ...

2009-10-01T09:10:00.001-07:00

SAN JOSE, CA--(Marketwire - October 1, 2009) - Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced its inclusion in Software Magazine's 27th annual Software 500 ranking of the world's largest software and service providers. Callidus Software was ranked 209, with software revenue of $107 million, making it the highest ranking SPM vendor on the list. Callidus Software ranked in the top half of the list for the last five years in a row.

For more news on sales performance management and pervasive performance management, follow Callidus on LinkedIn, Facebook and Twitter.

About Callidus Software®

Callidus Software (www.callidussoftware.com) (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 execution. Our award-winning Software-as-a-Service (SaaS) applications set the standard for performance management of a company's sales force and its other employees. Over 2 million employees and channel partners have their performance managed by Callidus Software.

About Digital Software Magazine, the Software Decision Journal, and Softwaremag.com

Callidus Software Expands Dominance in Emerging Markets - Partners ...

2009-09-23T10:26:00.003-07:00

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SAN JOSE, CA -- (Marketwire) -- 09/18/09 -- Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced a partnership with HAND Enterprise Solutions Company, a leading Chinese IT services company. Under the agreement, HAND will resell, implement and support Callidus Software's sales performance management solutions in China.

"To maintain and increase the growth in the China market, many Chinese companies and multi-national enterprises are looking for solutions to motivate their sales force, align incentives with corporate objectives, and increase the productivity of their sales teams and channel partners," said Dean Chen, President at HAND. "As the leading provider of sales performance management solutions, Callidus Software has helped many of the world's leading companies in verticals such as banking, insurance, telecommunications and retail, increase their revenues and minimize cost. We are excited to bring Callidus Software's sales performance management solutions to the Chinese market together with HAND."

Callidus Software proudly serves customers in over 130 countries and by partnering with HAND, Callidus further expands its global partner eco-system. The partnership allows joint customers to rapidly implement and deploy Callidus Software's sales performance management solutions. As one of the fastest growing markets in the world, the demand for sales performance management solutions continues to rise in China due to the explosive growth of companies in sectors like telecommunications and financial services.

"Over the past years, Callidus Software has experienced rapid growth of its business in the emerging markets. We are very excited about the demand for sales performance solutions in the China market and our partnership with HAND," said Jimmy Duan, senior vice president of emerging markets at Callidus Software. "HAND has had tremendous successes in serving hundreds of large enterprises in China. The company has proven experience with the implementation of enterprise applications like ERP and business process improvement. Callidus' objective is to expand into the China market and help companies in this region accelerate their growth through our industry-leading sales performance management solutions."

Callidus Software's solutions help companies of every size improve alignment, manage incentives, and motivate every stakeholder -- no matter how they are compensated. The Callidus suite of products combines sales performance management, including sales compensation management, sales quota and territory optimization and sales analytics, and key pay-for-performance solutions, all of which are necessary for the broader business such as manager reviews, scoring, bonus allocation, objective management and approval. Callidus Software's solutions are being used by the leading companies in a broad range of verticals including banking, insurance, telecommunications, high-tech manufacturing, life sciences and retail and distribution.

For more news on sales performance management and pervasive performance management, follow Callidus on LinkedIn, Facebook and Twitter.

About Callidus Software®

Callidus Software (www.callidussoftware.com) (NASDAQ: CALD) is the market and technology leader in Sales Performance Management (SPM). Performance-based compensation is one of the largest investments for all companies. Callidus' customers gain a competitive advantage by maximizing the return on this strategic asset. Our award-winning Software-as-a-Service (SaaS) applications set the standard for pervasive performance management across the enterprise. Over 1.9 million employees and channel partners have their performance managed by Callidus Software.

About HAND Enterprise Solution Company

HAND Enterprise Solution Company was established in 1996 in Shanghai as one of the first local ERP consulting firms in China. The last decade saw rapid expansion of the company in terms of both the size of company and its revenues. HAND now has over 1100 employees and an average growth rate of 30% over the last couple of years. In 2002, IDC named HAND one of "The Top Consulting Companies" in China IT industry.

Press Contact: Jock Breitwieser Callidus Software Inc. (408) 975-6683 pr@callidussoftware.com

Callidus Partners with HAND Enterprises to Extend Footprint in China

2009-09-23T10:26:00.001-07:00

Callidus Software Inc. (CALD) recently announced a partnership with HAND Enterprise Solutions Company, a leading Chinese IT services company. Under the agreement, HAND will resell, implement and support Callidus Software’s sales performance management solutions in China. Based in California , Callidus Software Inc. provides sales performance management (SPM) software and services in the United States and internationally. Its SPM systems are used to monitor and analyze sales performance and incentive compensation management programs. By partnering with HAND, Callidus will expand its footprint in the emerging market of China . The partnership allows joint customers to rapidly implement and deploy Callidus Software's sales performance management solutions. As one of the fastest growing markets in the world, the demand for sales performance management solutions continues to rise in China due to the explosive growth of companies in sectors like telecommunications and financial services. The company also announced that a leading provider of mobile services and communications solutions in Ireland has selected Callidus Software TrueComp software to manage sales performance and incentive compensation programs. The agreement was signed in the third quarter of 2009. Under the agreement, the mobile carrier will use the software from Callidus for its direct and indirect channel sales representatives in Ireland , to manage the sales incentive process and maximize customer satisfaction. Earlier, management stated that the company has fully transitioned to a recurring revenue model and closed its on-demand business with sixteen customers increasing their annual recurring commitments. Second quarter was challenging for the company as certain customers reduced sales headcount and corresponding spending. As a result of these reductions, the company experienced a decline in contract value from these customers. Nevertheless, the company is expecting that with the new business model and new leadership in sales and marketing functions, it is better positioned to capitalize on the SPM market opportunity. The company earlier undertook significant restructuring actions in June and July which are expected to reduce annualized expenses by over $10 million. Sentiment overall remains weak for companies that are transiting to an on-demand model. Such companies usually are faced with difficulty in balancing license and subscription deals, which in turn substantially impacts near-term revenue and earnings growth expectations.

Leading Irish Provider of Mobile Telco Services Selects Callidus ...

2009-09-15T16:13:00.001-07:00

SAN JOSE, CA -- 09/14/09 -- Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced that a leading provider of mobile services and communications solutions in Ireland has selected the Callidus Software TrueComp® software to manage sales performance and incentive compensation programs. Under the agreement, signed in the third quarter of 2009, the mobile carrier will use Callidus Software's TrueComp®, TrueInformation® and TrueAnalytics(TM) software modules for its direct and indirect channel sales representatives in Ireland, to manage the sales incentive process and maximize customer satisfaction.

"Callidus' best-in-class solutions and domain expertise across a broad range of industries enable enterprises to better align sales and incentive strategies with corporate objectives to improve sales performance, increase profits, and enhance payment processing efficiency," said Leslie Stretch, president and CEO at Callidus Software. "By providing executives and sales management with a very clear view of critical sales data, and by enabling quick and informed course correction, Callidus Software drives sales strategies toward desired business outcomes. Callidus Software is focused on helping the world's leading companies take action to improve their sales performance strategies -- growing revenue and shareholder value. Callidus Software can provide sales executives with timely visibility into business operations, and the flexibility to deploy new sales strategies on demand."

In challenging economic times and faced with unprecedented competition, companies are pursuing new ways to drive revenue and optimize profitability. Sales performance management delivers powerful levers to design and execute on these strategies. Callidus' solutions help companies deploy and communicate business targets to the sales force, motivate and reward sales based on results, and track and course-correct on performance throughout each period. Together, the solutions unlock a company's ability to take control over and consistently drive their sales results.

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.

For more news on sales performance management and pervasive performance management, follow Callidus on LinkedIn, Facebook and Twitter.

About Callidus Software®

Press Contact: Jock Breitwieser Callidus Software Inc. (408) 975-6683 pr@callidussoftware.com

Wilbur Ross Buys Satyam Computer Services Ltd., Carter's Inc ...

2009-09-11T23:24:00.007-07:00

Wilbur Ross added to his holdings in Assured Guaranty Ltd. by 31.64%. His purchase prices were between $8.99 and $15.54, with an estimated average price of $12. The impact to his portfolio due to this purchase was 11.32%. His holdings were 16,016,396 shares as of 03/31/2009.

Assured Guaranty is a Bermuda-based holding company providing credit enhancement products to the municipal finance structured finance and mortgage markets. Assured Guaranty Ltd. has a market cap of $1.82 billion; its shares were traded at around $20.05 with a P/E ratio of 15.4 and P/S ratio of 3.7. The dividend yield of Assured Guaranty Ltd. stocks is 0.9%.

New Purchase: Satyam Computer Services Ltd. (SAY)

Wilbur Ross initiated holdings in Satyam Computer Services Ltd.. His purchase prices were between $1.77 and $3.67, with an estimated average price of $2.5. The impact to his portfolio due to this purchase was 1.36%. His holdings were 1,844,927 shares as of 03/31/2009.

Satyam Computer Services Limited is a provider of information technology services in India. Satyam offers a comprehensive range of services including software development system maintenance packaged software integration and engineering design services. Satyam uses its global infrastructure to deliver value-added services to its customers to address information technology needs in specific industries and to facilitate electronic business or eBusiness initiatives. (Press Release) Satyam Computer Services Ltd. has a market cap of $3.2 billion; its shares were traded at around $5.45 with a P/E ratio of 3.5 and P/S ratio of 1.5. The dividend yield of Satyam Computer Services Ltd. stocks is 0.6%. Satyam Computer Services Ltd. had an annual average earning growth of 32.4% over the past 5 years.

New Purchase: Carter's Inc. (CRI)

Wilbur Ross initiated holdings in Carter's Inc.. His purchase prices were between $20.59 and $24.48, with an estimated average price of $22.6. The impact to his portfolio due to this purchase was 0.09%. His holdings were 15,219 shares as of 03/31/2009.

Carters Inc markets baby apparel and young children's apparel in the United States. Carter's products are offered in department stores and retail stores. The company sells products under the Tykes brand in Target stores and under its Child of Mine brand in Wal-Mart stores. Carter's Inc. has a market cap of $1.46 billion; its shares were traded at around $25.73 with a P/E ratio of 15.3 and P/S ratio of 1. Carter's Inc. had an annual average earning growth of 16.6% over the past 5 years.

PicksThatMove: www.PicksThatMove.com: "Picks that move" Alerts ...

2009-09-11T23:24:00.005-07:00

-- August 18, 2009 STARLIMS Technologies Ltd. (Nasdaq:LIMS) trading at $8.60 on a volume of 13,103 shares.

In a press release out on August 18, 2009 STARLIMS Announces Second Quarter 2009 Financial Results

HOLLYWOOD, Fla., Aug 18, 2009 -- STARLIMS Technologies Ltd. (Nasdaq:LIMS), a leading provider of laboratory information management systems (LIMS), today announced financial results for the second quarter of fiscal 2009 ended June 30, 2009.

About STARLIMS

STARLIMS Technologies Ltd. (Nasdaq:LIMS) is a leading provider of laboratory information management systems (LIMS), with over 20 years of LIMS experience. The Company's flagship product, STARLIMS(r), improves the reliability of laboratory sampling processes, supports compliance with domestic and international regulations and industry standards, and provides comprehensive reporting, monitoring and analysis capabilities. STARLIMS software is used for quality assurance and control, testing and monitoring, and research and development in government, manufacturing and life sciences organizations. With operations in the United States, Canada, the United Kingdom, Israel and Hong Kong, the Company serves over 500 organizations in 40 countries. For more information, please see http://www.starlims.com.

-- August 18, 2009 PGT, Inc. (Nasdaq:PGTI) trading at $2.58 on a volume of 62,617 shares

In a press release on August 18, 2009 PGT Announces the Acquisition of Hurricane Window & Door Factory Operating Assets

Products to Significantly Expand PGT Capabilities in the Growing Market for Energy Efficient, Impact Rated Vinyl Windows and Doors

N. VENICE, Fla., Aug 18, 2009 -- PGT, Inc. (Nasdaq:PGTI), one of the nation's leading manufacturers of residential impact-resistant windows and doors, today announced the acquisition of the operating assets of Hurricane Window and Door Factory of Fort Myers, FL. Hurricane Window and Door Factory designed and manufactures The Protector Series, one of the highest air, water and structurally rated vinyl impact product lines for the single and multi-family residential markets.

ABOUT PGT:

PGT(R) pioneered the U.S. impact-resistant window and door industry and today is the nation's leading manufacturer and supplier of residential impact-resistant windows and doors. Founded in 1980, the company employs approximately 1,250 at its manufacturing, glass laminating and tempering plants in Florida and North Carolina. Utilizing the latest designs and technology, PGT products are ideal for new construction and replacement projects serving the residential, commercial, high-rise and institutional markets. PGT's product line includes PGT(R) Aluminum and Vinyl Windows and Doors; WinGuard(R) Impact-Resistant Windows and Doors; PGT(R) Architectural Systems; and Eze-Breeze(R) Sliding Panels. PGT Industries is a wholly owned subsidiary of PGT, Inc. (Nasdaq:PGTI). For additional information, or to find a distributor near you, visit pgtindustries.com or call 800-284-6019.

-- August 18, 2009 Callidus Software Inc. (NASDAQ: CALD | Quote | Chart | News | PowerRating) trading at $2.57 on a volume of 80,514 shares.

In a press release out on August 18, 2009 Callidus Software Launches OpenCommissions User Community for Sales Performance Management

Community Features Networking Opportunities, Blog, Discussion Groups, Industry News and Tools to Enhance Company Performance

SAN JOSE, CA, Aug 18, 2009 -- Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today launched OpenCommissions, the industry's only vendor-neutral sales performance management community. OpenCommissions includes discussion groups on best practices, sales and compensation that allow members to exchange experiences, share opinions and give advice. It also includes breaking industry news, downloadable sales and sample sales compensation plan templates, job forums and blog. The OpenCommissions blog features frequent guest writers such as Jim Welch, president and founder of The Growth Leader Inc., and Curt Tueffert, vice president of sales at DXPE, to offer expert advice and insight.

About Callidus Software(R)

Callidus Software (www.callidussoftware.com) (NASDAQ: CALD | Quote | Chart | News | PowerRating) is the market and technology leader in Sales Performance Management (SPM). Performance-based compensation is one of the largest investments for all companies. Callidus' customers gain a competitive advantage by maximizing the return on this strategic asset. Our award-winning Software-as-a-Service (SaaS) applications set the standard for pervasive performance management across the enterprise. Over 1.9 million employees and channel partners have their performance managed by Callidus Software.

-- August 18, 2009 Ixia (Nasdaq: XXIA | Quote | Chart | News | PowerRating) trading at $6.33 on a volume of 101,561 shares.

In a press release out on August 18, 2009 Frost & Sullivan Recognizes Ixia's IxYukon as Product of the Year in the World-Wide 10 Gigabit Ethernet Test Market

CALABASAS, Calif., Aug 18, 2009 -- Ixia (Nasdaq: XXIA | Quote | Chart | News | PowerRating) today announced that IxYukon(TM) 10 GbE test interface has been recognized by Frost & Sullivan as the 2009 Global 10 GbE Lab Test Product of the Year Award for clear industry-leading innovation. IxYukon helped the company reach new heights in the 10 Gigabit Ethernet testing market in which Ixia held a market share of 24.1 percent in 2008, according to a recent World Gigabit Ethernet Test Equipment Markets study. This is the second year in a row that Ixia holds the highest revenue market share in this space.

About Ixia

Ixia is a leading supplier of test, measurement and service verification solutions to Internet equipment manufacturers, carriers, service providers, government agencies and enterprises. Ixia's platform is used to test IP networking equipment of all types and sizes, with powerful and flexible test applications that handle the widest range of Internet usage - from routing and switching to converged applications traffic to validating the service quality of live networks and services. Ixia's multiplay test solutions are acknowledged as the market leader - addressing the growing need to test voice, video, and data services and network capability under real-world conditions.

-- August 18, 2009 Orckit Communications Ltd. (Nasdaq:ORCT) trading at $3.34 on a volume of 7,086 shares.

In a press release out on August 18, 2009 Orckit Announces Adjournment of 2009 Annual General Meeting

TEL AVIV, Israel, Aug 18, 2009 -- Orckit Communications Ltd. (Nasdaq:ORCT) today announced that the requisite quorum of two or more shareholders holding at least 25% of the outstanding ordinary shares was not present at its Annual General Meeting of Shareholders scheduled to be held on Monday, August 17, 2009 at 3:00 p.m. Israel time. Accordingly, pursuant to applicable law, an adjourned meeting will be held on Monday, August 24, 2009 at 3:00 p.m. Israel time, at the offices of the Company, 126 Yigal Allon Street, Tel Aviv, Israel. The quorum for the adjourned meeting will be any two shareholders present in person or by proxy. The record date of July 13, 2009 will remain unchanged for the adjourned meeting.

About Orckit Communications

Orckit Communications Ltd. is a leading provider of advanced telecom equipment targeting high capacity broadband services. Our products include Corrigent's CM product line of metro optical transport solutions, based on RPR and MPLS technologies, delivering packet transmission services in the metro area. For more information on Orckit see www.orckit.com

-- August 18, 2009 Insight Enterprises, Inc. (NASDAQ: NSIT | Quote | Chart | News | PowerRating) trading at $10.91on a volume of 52,600 shares

In a press release out on August 18, 2009 Insight Earns Gold LEED Certification for Office Facility

Insight is One of the First to Receive Gold LEED Certification for Commercial Interior in Arizona

TEMPE, Ariz., Aug 18, 2009 -- Insight Enterprises, Inc. (NASDAQ: NSIT | Quote | Chart | News | PowerRating) ("Insight"), a leading, global provider of technology solutions, announced today that it has earned gold certification under the Leadership in Energy and Environmental Design ("LEED") Rating System for Commercial Interiors for one of its Tempe, Arizona, office buildings.

About Insight

Insight Enterprises, Inc. is a leading provider of brand-name information technology ("IT") hardware, software and services to large enterprises, small- to medium-sized businesses and public sector institutions in North America, Europe, the Middle East, Africa and Asia-Pacific. The Company has more than 4,900 teammates worldwide and generated sales of $4.8 billion for its most recent fiscal year, which ended December 31, 2008. Insight is ranked number 484 on Fortune magazine's 2009 'Fortune 500' list. For more information, please call 480-902-1001 in the United States or visit www.insight.com.

About PicksThatMove.com

www.picksthatmove.com team of excellence strives to find undervalued, good momentum stock plays. We provide financial and investor relations services for small to mid-cap stocks with weekly and special newsletters to keep you informed of the latest movers. Unlike other sites, we explore, research, and understand all aspects of a company. We only recommend companies we feel has the potential for future higher valuations. Our seasoned research team is always looking for the next Xtreme Pick to send to you.

www.picksthatmove.com is a leading stock website that provides free daily alerts on stocks that are moving up. www.picksthatmove.com also tracks small cap stocks that are on the brink of exploding. We also feature companies on our website with research report, analysis, and newsletters. To feature a company on our web site please contact us at Info@picksthatmove.com

www.picksthatmove.com is an independent electronic publication that provides information on selected publicly traded companies. www.picksthatmove.com is not a registered investment advisor or broker-dealer. www.picksthatmove.com affiliates, officers, directors and employees may buy and sell additional shares in any company mentioned herein and may profit in the event those shares rise in value. Please do your own Due Diligence before investing in any of the stocks mentioned above.

CONTACT: PicksThatMove.com e-mail: Info@picksthatmove.com WWW: http://www.picksthatmove.com

For full details for CALD click here.

San Jose company's software helps sort out commissions, Xactly

2009-09-11T23:24:00.003-07:00

SAN JOSE — It can be a major headache, figuring out what salespeople are owed — sifting through commission structures and compensation programs.

Solving that problem has helped San Jose-based Xactly Corp. receive $57 million in venture funds, triple its year-to-year revenue numbers and project profitability by next year.

Xactly’s software-as-a-service or SaaS platform integrates with Salesforce.com and products from Oracle Corp., as well as multiple accounting applications. The platform provides salespeople, managers and finance departments with accurate and up-to-date information on incentive compensation.

Veteran software executive and compensation expert Chris Cabrera, along with Satish Palvai, now Xactly’s chief technology officer, launched San Jose-based Xactly Corp. in 2005. The venture-backed Xactly doesn’t disclose exact revenue numbers.

“How do you get sales teams to change their behavior?” Cabrera said. “You can show them ‘Here’s where you are, and here’s where you could be.’”

Acquisitions, key hire, honors

Despite the economy, 2009 already has been something of a banner year for Xactly. In January, the company acquired its largest competitor, Lowell, Mass.-based Centive Inc., in a stock transaction. Cabrera said the acquisition created the largest provider of on-demand sales performance management in the software industry. The purchase price was not disclosed.

Then just a month later, Xactly landed Steve Cakebread, president and chief strategy officer at Salesforce.com Inc. as its chief financial officer. Cakebread, who also had served as Salesforce’s chief financial officer for six years, shepherded that company through its initial public offering in 2004.

In June, CompTIA, the global trade association for the IT industry, awarded the 2009 Software Innovation Award to Xactly. A few weeks later, JMP Securities for the second year in a row placed Xactly on its “Hot 100” list of the best privately held software companies.

And despite — or maybe in spite of — the economy, Xactly also is hiring, looking to add as many as 35 salespeople to its roster of 150, split between offices in Lowell, Mass., San Jose and Bangalore, India, where co-founder Palvai manages an engineering team.

Cabrera co-founded Xactly after spending seven years with Callidus Software Inc., an on-premise incentive compensation management company. At Callidus, Cabrera was the senior vice president of operations, responsible for the execution of worldwide sales and marketing strategies, customer advocacy and strategic alliances. The company went public in 2003.

“They achieved a $100 million run rate … and five years later, it was still at $100 million,” Cabrera said.

It led him to believe while there wasn’t a huge demand for buying sales performance management software, there could be one for renting it under the increasingly popular SaaS model.

Lee Ronald, director of commercial operations at contract research company MDS Pharma Services Inc., said using Xactly allowed MDS to leave the stone age of commissions administration and enter the 21st century.

It meant that administrative tracking done by six or more people could now be done by one.

Xactly’s platform lets salespeople see what closing one more deals could do for their bottom lines, and a manager can see which salespeople are making their targets.

Last year’s economic downturn led Xactly to change tactics; rather than going after only large customers, Xactly began focusing on small and medium-sized businesses.

Jerry Casilli, an Xactly board member and general partner with Rembrandt Ventures, said that Xactly is able to provide the lower end of the market with a product that doesn’t require a lot of integration, but provides all of the analytics and management tools used by enterprise customers.

“Up until the economic disaster that struck everyone, Xactly was doing great. Like in all software sales, things slowed down,” Casilli said.

At-a-glance Xactly Corp.
Headquarters: San Jose
CEO: Chris Cabrera
Funding: Raised $57 million in venture capital
Founded: 2005
Employees: 150
Web: www.xactlycorp.com
Phone: 408.977.3132

Mary Duan can be reached at 408.299.1830 or mduan@bizjournals.com

Callidus Software Wins CRM Excellence Award

2009-09-11T23:24:00.001-07:00

SAN JOSE - Callidus Software Inc. , the leader in Sales Performance Management (SPM), today announced it was named a winner in the 10th Annual 2009 CRM Excellence Award. Technology Marketing Corporation's (TMC), www.tmcnet.com, Customer Interaction Solutions� magazine (www.cismag.com) awarded Callidus Software for the deployment of TrueComp� Manager software solution at Novell Inc. Callidus Software was recognized for its efforts and success in delivering measurable business improvements to Novell.

"Callidus TrueComp� Manager software has made an obvious positive impact on Novell," said Jim Parker, director of global finance at Novell. "The solution enables our company to increase efficiency of our sales operations and reduce the cost of IT support. The TrueComp Manager software is looked to as the source of information for rep performance, rep productivity and rep profitability at Novell."

The CRM Excellence Award recognizes companies whose product or service helped extend and expand customer relationships. Winners are judged based on hard data, facts and figures demonstrating the business improvements the company's product has driven.

"We are extremely excited to receive this award," said Lorna Heynike, senior vice president of marketing at Callidus Software. "This industry recognition further validates the strengths of our products and the benefits that our customers of all sizes and industries benefit from."

To view the complete list of 2009 CRM Excellence Award winners, please visit: http://callcenterinfo.tmcnet.com/Analysis/articles/53312-2009-crm-excellence-awards-winners-announced-customer-interaction.htm

Customer Interaction Solutions (CIS) magazine has been the voice of the call/contact center, CRM and teleservices industries since 1982. The magazine has helped the industry germinate, grow, mature and prosper, and has served as the leading publication in helping these industries that have had such a positive impact on the world economy to continue to thrive. Customer Interaction Solutions strives to continue to be the publication that holds the quality bar high for the industry. Please visit www.cismag.com.

About Callidus Software�

Posted on: Thursday, September 10, 2009 10:09 AM