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Callidus Software Names Shanker Trivedi As Vice President, Chief Marketing Officer

Posted on: Tuesday, 6 September 2005, 09:00 CDT

SAN JOSE, Calif., Sept. 6 /PRNewswire-FirstCall/ -- Callidus Software Inc. , a leader in Enterprise Incentive Management (EIM), today announced the appointment of Shanker Trivedi as its new vice president, chief marketing officer, as of September 1, 2005. Trivedi brings with him more than 20 years of in-depth, global sales and marketing expertise, most recently from Sun Microsystems' Global Sales Organization as its vice president, datacenter solutions. Trivedi replaces Bert Rankin who announced his intention to leave the Company to pursue other interests effective October 6, 2005.

"I am delighted that Shanker Trivedi has agreed to join the management team at this crucial juncture in Callidus Software's history," said Robert Youngjohns, president and CEO. "Shanker's extensive experience successfully expanding global sales and marketing organizations at large companies including Sun, IBM, and Fujitsu has given him unique, first-hand knowledge of the difficulties organizations face developing and administering incentive compensation programs. I believe he will have both an immediate and positive impact in shaping the direction of our product development and EIM messaging for the TrueComp(R) family of products, starting with his appearance at our TrueConnection User Conference set to begin on September 18th."

"I would also like to thank Bert Rankin for his contributions to Callidus Software over the last two years. His work during a time when the company was emerging from being a private company to becoming a public company has laid the foundation from which we expect to build a more global organization. I wish him the best in his future endeavors," continued Youngjohns.

"Callidus Software's base of blue-chip customers, great product offerings and the significant potential market opportunity for Enterprise Incentive Management solutions make this transition an extremely exciting prospect for me," stated Trivedi. "I'm delighted to join the strong management team at Callidus Software and am looking forward to the challenge of realizing the true potential of this great company."

Prior to Trivedi's work at Sun as its vice president, datacenter solutions from 2003 to 2005, he was vice president, marketing of the Global Sales Organization of Sun beginning in 2001. From 1998 to 2001, he led Sun's business in the United Kingdom and Ireland as vice president and managing director. He was Sun's U.K. business partner sales director from 1997 to 1998, and U.K. marketing director from 1996 to 1997. Prior to joining Sun, Trivedi worked as the marketing director for IBM Ltd. from 1995 to 1996 and in a variety of marketing and business management roles at ICL (Fujitsu) Ltd. UK from 1988 to 1995. He holds an MBA from the Indian Institute of Management (IIM) Calcutta, and an MS from the Indian Institute of Technology (IIT) Delhi.

About Callidus Software

Founded in 1996, Callidus Software Inc. (http://www.callidussoftware.com/) is a leading enterprise incentive management (EIM) provider to global companies across multiple industries. Callidus Software's EIM systems allow enterprises to develop and manage incentive compensation linked to the achievement of strategic business objectives. Through its TrueComp Grid architecture, Callidus Software 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 AOL Time Warner Corporation, AT&T Wireless, BMC Software, CUNA Mutual, Dun & Bradstreet, IBM, SBC Communications and Sun Microsystems. Callidus Software is publicly traded on the NASDAQ under the symbol CALD.

Note on Forward-Looking Statements

The forward looking statements included in this press release, including the belief that the Company's new vice president, chief marketing officer will have an immediate and positive impact in shaping the Company product development and EIM messaging, the expectation that the Company will be able to build a more global organization, and the Company's significant potential market opportunity, 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 material fluctuations in financial results and future growth rates, risk associated with development and market acceptance of new products and product enhancements, decreases in customer spending, increased competition or new entrants in the marketplace, litigation and other risks detailed in the Company's reports filed with the Securities and Exchange Commission (SEC), including its Form 10-K and Form 10-Qs, copies of which may be obtained from the SEC's website (http://www.sec.gov/), by contacting Callidus Software's Investor Relations department at 408-808-6577, or from the Investor Relations section of Callidus Software's website (http://www.callidussoftware.com/). Actual results may differ materially from those presently reported. We assume no obligation to update the information contained in this release.

NOTE: Callidus Software, the Callidus Software logo, TrueComp, TrueComp Grid, TrueInformation, and TrueResolution are trademarks of Callidus Software Inc. All other trademarks are the property of their respective owners.

Callidus Software Inc.

CONTACT: Jock Breitwieser of Callidus Software Inc., +1-408-975-6683, orpr@callidussoftware.com

Web site: http://www.callidussoftware.com/

Source: PRNewswire-FirstCall

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