DUBLIN, Calif., Jan. 17, 2017 (GLOBE NEWSWIRE) --Callidus Software Inc.(NASDAQ:CALD), a global leader in cloud-basedsales,marketing,learningandcustomer experiencesolutions, announced today a new strategic OEM agreement with SAP to help customers ...
DUBLIN, Calif., Jan. 17, 2017 (GLOBE NEWSWIRE) -- Callidus Software Inc. (NASDAQ:CALD), a global leader in cloud-based sales, marketing, learning and customer experience solutions, announced today a new strategic OEM agreement with SAP to help customers sell more, faster with integrated solutions to drive sales performance, productivity and effectiveness.
"SAP customers across every industry and geography are looking to leverage the digital economy to increase sales, reduce costs and gain greater insights into their sales performance data," said Steve Erdman, SVP and general manager, ISV, Cloud and Platform Partnerships, SAP. "Through our partnership, we've experienced first-hand how CallidusCloud can help boost sales performance and eliminate complexity from the sales process and increase value to customers."
"This new agreement, inked in Q4 2016, means that customers across the world will be able to leverage the power of our market-leading Commissions, CPQ and CLM solutions integrated within SAP applications," said Eric Brown, EVP Enterprise Sales, CallidusCloud. "We are excited about this new go-to-market opportunity. This agreement allows us to work alongside SAP to deliver sales performance excellence to enterprise customers who expect world-class cloud sales solutions."
The initial focus of the program will be the integration of CallidusCloud's Commissions, Configure Price Quote (CPQ) and Contract Lifecycle Management (CLM) solutions with SAP® solutions, leveraging the power of SAP HANA® Cloud Platform. The collaborative go-to-market approach is intended to enable a wide new audience of businesses to streamline incentives, increase quotes and accelerate contracts, to make more money faster.
The integrations will help enable companies to quickly develop and deploy packaged integrations between CallidusCloud and SAP products, helping reduce integration costs and accelerate customers' time to revenue while increasing ROI.
Callidus Software Inc. (NASDAQ:CALD), doing business as CallidusCloud®, is the global leader in cloud-based sales, marketing, learning and customer experience solutions. CallidusCloud enables organizations to accelerate and maximize their lead to money process with a complete suite of solutions that identify the right leads, ensure proper territory and quota distribution, enable sales forces, automate configure price quote, and streamline sales compensation -- driving bigger deals, faster. Approximately 5,000 leading organizations, across all industries, rely on CallidusCloud to optimize the lead to money process to close more deals for more money in record time.
Note on Forward-Looking Statements
The forward-looking statements included in this press release, including, for example, the potential benefits of any partnership, reflect management's best judgment based on factors currently known and involve many risks and uncertainties. These risks and uncertainties include, but are not limited to, risks detailed in our most recent Quarterly Report on Form 10-Q which may be obtained by contacting CallidusCloud's Investor Relations department at 415-445-3232, or from the Investor Relations section of CallidusCloud's website (//www.calliduscloud.com/about-us/investor-relations/).
SAP Forward-looking Statement
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
©2017 Callidus Software Inc. All rights reserved. Callidus, Callidus Software, the Callidus Software logo, CallidusCloud, the CallidusCloud logo are trademarks, service marks, or registered trademarks of Callidus Software Inc.
SAP, SAP HANA and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. See //www.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.
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Source: Callidus Software via Globenewswire
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