Powerful Partnerships to Its 168 Percent Revenue Growth
SAN JOSE, Calif., Oct. 26 - Callidus Software Inc. (Nasdaq: CALD), the leader in Enterprise Incentive Management (EIM), has been named to Deloitte's prestigious Technology Fast 50 Program for Silicon Valley, a ranking of the fastest growing technology, media, telecommunications and life sciences companies in the area by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2001-2005. Callidus Software's increase in revenues of 168 percent from 2001 to 2005 resulted in a #38 ranking in the Software & Information Technology category of the Technology Fast 50 for Silicon Valley.
"Sustaining high revenue growth over five years is an exceptional accomplishment. We commend Callidus Software for making the commitment to technology and delivering on the promise of market longevity. We applaud the successes of Callidus and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years," said Mark Jensen, National Director of the Venture Capital Services Group for Deloitte & Touche LLP in San Jose.
Callidus Software's president and CEO, Robert Youngjohns, credits Callidus' customer focus, partnerships and the development of innovative and market-leading solutions that provide real value to customers in a broad range of industries including financial services, communications and high-technology with the company's 168 percent revenue growth from 2001-2005. Said Youngjohns: "Once more, Callidus ranks as the only EIM vendor on the Deloitte Technology Fast 50 and underscores its position as the leader for incentive and sales performance management solutions. This recognition provides validation to Callidus' leadership position in sales performance and incentive management and underlines our ongoing commitment to providing customers with best-of-breed solutions for aligning sales strategy with corporate objectives and driving revenue."
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
Winners of the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit http://www.fast500.com .
This year's Silicon Valley Technology Fast 50 program is co-presented by Deloitte & Touche USA LLP and Silicon Valley Bank, Cooley Godward Kronish LLP, Korn/Ferry International and Porsche Motorsports.
About Callidus Software(R)
Founded in 1996, Callidus Software Inc. (http://www.callidussoftware.com ) is an industry leading Enterprise Incentive Management (EIM) provider to global companies across multiple industries. Callidus' EIM systems allow enterprises to develop and manage incentive compensation linked to the achievement of strategic business objectives. Through its TrueComp(R) Grid architecture, Callidus Software delivers an 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, Sprint Nextel, Sun Microsystems and Wachovia. Callidus Software is publicly traded on the NASDAQ under the symbol CALD.
NOTE: 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.
