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Top Research Firm Recognizes Callidus Software as Market Leader in Enterprise Incentive Management

Posted on: Wednesday, 31 March 2004, 06:00 CST

SAN JOSE, Calif., March 31 /PRNewswire-FirstCall/ -- Callidus Software , the industry leader in Enterprise Incentive Management (EIM), today announced that its success, momentum and market leadership have been recognized in a recent report from technology research firm Forrester Research, Inc. . In its March 2004 Quick Take, Callidus Software Releases TrueComp 4.1, Forrester cites significant 2003 achievements as well as the strength of the new product offering as indicators of continued growth for Callidus in 2004.

With the release of TrueComp 4.1, we believe Callidus has significantly strengthened its competitive position and will have another strong year of growth, wrote Craig Symons, principal analyst at Forrester. Symons continued that with the new software release, over 100 customers, and lots of cash in the bank, Callidus is poised to significantly increase its market share through 2004 and should be placed on everyone's short list for an EIM solution.

Callidus is the market leader with over 100 customers across five major vertical industries including Manufacturing and Technology, Telecom, Distribution, Retail Banking, and Insurance. Callidus flagship product TrueComp delivers comprehensive EIM functionality by allowing companies to manage, analyze and automate their compensation plans to align employee behavior with targeted business objectives, while significantly reducing costs. Thus, companies can increase profits and shareholder value, as well as visibility and trust over the compensation process while motivating and retaining top performers. TrueComp rules-based, grid computing architecture is key to the EIM market, offering great flexibility in compensation plan design and extreme scalability in handling plans with thousands of participants and millions of daily transactions.

With the release of TrueComp 4.1, Callidus Software has completed the transition from client/server architecture to a fully web-enabled, highly scalable, rules-based architecture, that will differentiate it from most competitors, continued Symons.

Forrester is an independent technology research company that provides pragmatic and forward-thinking advice about technology's impact on business. Business, marketing, and IT professionals worldwide collaborate with Forrester to align their technology investments with their business goals.

About Callidus Software

Founded in 1996, Callidus Software ( http://www.callidussoftware.com/ ) is a leading provider of enterprise incentive management (EIM) systems to global companies across multiple industries. Callidus' EIM systems allow enterprises to develop and manage competitive incentive compensation linked to the achievement of strategic business objectives. Through its TrueComp Grid (TM) 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 Airborne Express, Inc., Allstate, Apple Computer, AOL Time Warner Corporation, AT&T Wireless, BMC Software, Citizens Bank, CUNA Mutual, DIRECTV, Dun & Bradstreet, IBM, JP Morgan Chase & Co., Pennzoil-Quaker State Company, SBC Communications and Sun Microsystems. Callidus is publicly traded on the NASDAQ under the symbol CALD.

NOTE: Callidus Software, the Callidus Software logo, Everyone Profits, TrueChannel, TrueComp, TrueInformation, TruePerformance, TrueReferral, and TrueResolution are trademarks of Callidus Software Inc. All other trademarks are the property of their respective owners

Callidus Software Inc.

CONTACT: Jane Le Fevre of Callidus Software Inc., +1-408-808-6511, orpr@callidsussoftware.com; or Heather Clarke of Horn Group, Inc.,+1-415-905-4014, or hclarke@horngroup.com, for Callidus Software Inc.

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

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