Former Oracle Applications Development Executive Joins Sales Performance Management Industry Leader
SAN JOSE, Calif., February 26, 2007 — Callidus Software Inc. (NASDAQ: CALD – News), the leader in Sales Performance Management (SPM) and Enterprise Incentive Management (EIM), today announced the appointment of Michael Graves as its new senior vice president of engineering. Graves brings with him more than a decade of developing market-leading enterprise applications.
“Callidus’ core focus is on incentive compensation and sales performance management. Both are mission-critical business problems for enterprises,” said Robert Youngjohns, president and CEO at Callidus Software. “Mike is renowned for the development and enhancement of products that enable customers to implement complex, multi-channel and sales force compensation systems. These capabilities will play a key role in our future product development strategy. I am delighted to have him join us at this crucial juncture in our growth. Mike’s passion for developing industry-leading capabilities is well-known in the market and made him our top choice for this position.”
“Callidus Software’s base of Fortune 1000 customers, great product offerings and the significant potential market opportunity for sales performance management systems make this an extremely exciting opportunity,” stated Graves. “I am delighted to join the management team at Callidus and look forward to continuing and extending the product innovation which has made Callidus the SPM-leader for on-demand and on-premise solutions “
Callidus’ EIM 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.
Prior to joining Callidus Software, Graves held various leadership positions at Oracle, most recently as vice president of development in Oracle’s Applications Division. Prior to Oracle, Michael worked for the Clorox Sales Company. He holds a B.S. in Finance and Economic Analysis & Policy from the Walter A. Haas School of Business, University of California at Berkeley.
About Callidus Software®
Founded in 1996, Callidus Software (www.callidussoftware.com) is an industry leading Sales Performance Management (SPM) and Enterprise Incentive Management (EIM) provider to global companies across multiple industries. Callidus’ products allow enterprises to develop and manage incentive compensation linked to the achievement of strategic business objectives. Through its TrueComp® Grid architecture, Callidus delivers the industry’s only EIM solution that combines the power and scalability of grid computing with the flexibility of rules-based interface. Customers/Partners include 7-Eleven, Accenture, CUNA Mutual, HP, IBM, Philips Medical Systems, Sun Microsystems and Wachovia. Callidus is publicly traded on the NASDAQ under the symbol CALD.
© 2007 Callidus Software Inc. All rights reserved. Callidus Software, the Callidus Software logo, Callidus TrueAnalytics, TrueChannel, TrueComp, TrueComp Datamart, TrueComp Grid, TrueComp Manager, TrueInformation, TrueIntegration, TruePerformance, TrueReferral, TrueResolution, TrueService and TrueSupport are trademarks of Callidus Software Inc. in the United States and other countries. All other brand, service or product names are trademarks or registered trademarks of their respective companies or owners.
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Press Contact:
Jock Breitwieser
Callidus Software Inc.
(408) 975-6683
[email protected]
