Callidus Software's TrueComp Selected by Remedy to Design and Manage Pay-for-Performance Programs.

Business Editors/High Tech Writers

SAN JOSE, Calif.--(BUSINESS WIRE)--May 16, 2000

Leading Provider of eBusiness Solutions Chooses

Callidus Software for European Presence

Callidus Software, the business performance systems company, today announced that Remedy Corporation (NASDAQ: RMDY), the leading supplier of eCRM and eBusiness infrastructure solutions, has purchased Callidus Software's TrueComp to model, analyze and manage its pay-for-performance programs. As one of the largest enterprise application vendors in the world, Remedy will use TrueComp to manage compensation plans for its worldwide sales force, a total of more than 250 payees.

"After researching other variable compensation management systems, we felt that Callidus Software's European presence and solid product differentiated the company from its competitors," said Paul Dumas, Remedy's director of finance. "With its European office just minutes away from our international headquarters in Bracknell, Callidus Software has the international capabilities to meet our needs."

Callidus Software's TrueComp suite is an end-to-end solution that enables chief financial officers to transform compensation programs into a strategic management tool designed to motivate the sales force while increasing financial performance.

"As a provider of adaptable solutions itself, Remedy recognizes that innovative management software is a key factor in maintaining the competitive edge," said Phil Ressler, senior vice president, marketing for Callidus Software. "Remedy chose TrueComp for its worldwide pay-for-performance programs because the product's flexible modeling capabilities and web-based reporting features are available out of the box, negating expensive customization or prolonged installation."

About TrueComp

TrueComp, the variable compensation management system, is designed to automate the complete variable compensation management process, from assessing and refining the effectiveness of incentive plans in meeting business objectives, to ensuring accurate compensation payments to sales personnel. It features three user modules: TrueComp Modeler for prototyping compensation plans, TrueComp Manager for administering compensation programs and TrueComp Viewer for reporting and performance analysis. TrueComp is available for Windows (NT, 32-bit OS), Unix (Sun Solaris and HPUX), and supports Oracle, Sybase and MS SQL Server for data storage. The TrueComp Viewer module can be accessed via Netscape Navigator and MS Internet Explorer. Pricing for TrueComp starts at $350,000 for managing compensation plans for up to 400 payees.

About Remedy

Remedy is the world's leading supplier of eCRM and eBusiness infrastructure solutions. With over 8,800 sites in production, more organizations use Remedy products for eCRM and eBusiness infrastructure management than any other solution. Remedy delivers service solutions that accelerate an organization's move to eBusiness and raise its agility to continually differentiate from competitors. Remedy's fast deployment programs and radical adaptability enable organizations to move more quickly to an eBusiness model, and to do so in a differentiated way. By focusing on internal and external service as competitive differentiators, our customers continually improve both their customer interactions and internal operations to raise satisfaction and lower costs. More information on Remedy, its products and services is available on the company's Web site at www.remedy.com.

About Callidus Software

Callidus Software (http://www.CallidusSoftware.com), the business performance systems (BPS) company, boosts business performance by driving higher corporate revenues through marketplace pay-for-performance. Our BPS software automates incentive programs inside and outside the company. TrueComp automates modeling, administration, reporting and analysis of internal variable compensation, most often sales commissions. TrueChannel similarly automates channel promotions programs, which are paid incentives to distribution partners. Our BPS software provides precision, trust and understanding so that revenue-boosting behavior can be successfully rewarded and revenue drivers optimized for improved business performance.

Callidus Software, of San Jose, CA was founded in 1996 and is privately backed by Crescendo Ventures (formerly IAI Ventures), Crosspoint Venture Partners, ONSET Ventures, Goldman Sachs Group, and Transamerica Technology Finance. Customers include Ariba, Inc. (NASDAQ: ARBA), Autodesk (NASDAQ: ADSK), Cadence Design Systems (NYSE: CDN), Dun & Bradstreet (NYSE: DNB), Juniper Networks, Inc. (NASDAQ: JNPR), Lucent Technologies (NYSE: LU), Newbridge Networks (NYSE: NN), Netscape Communications (NYSE: AOL), Rhythms NetConnections Inc. (NASDAQ: RTHM), Sun Microsystems (NASDAQ: SUNW), Remedy (NASDAQ: RMDY), Sybase Inc. (NASDAQ: SYBS) and UniDial.