Callidus Software Announces America Online as Customer of TrueComp for Management of Sales Division's Variable Compensation Payment.SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 20, 1999-- AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Joins Growing List of TrueComp Customers Adopting Business Performance Systems Callidus Software, the business performance systems company, announced today that America Online, Inc. (NYSE NYSE See: New York Stock Exchange :AOL), the world's largest interactive services company, has purchased Callidus Software's variable compensation management package, TrueComp, as a tool to help manage compensation plans for some of its advertising sales representatives. America Online joins the growing list of Callidus Software TrueComp customers including Cadence Design Systems (company) Cadence Design Systems - A company that sells electronic design automation software and services. http://cadence.com/. See also Verilog. , Dun & Bradstreet, Newbridge Networks, Netscape Communications and Sybase Inc. "AOL is yet another example of a leading company managing some of its sales comp plans with a business performance system," said Reed Taussig, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Callidus Software. "TrueComp enables executives to direct the sales organization and really drive the business by accurately modeling, administering and reporting on variable compensation." TrueComp provides a complete solution for turning the administrative tasks associated with variable compensation programs into a set of strategic tools for increasing a company's financial performance. TrueComp includes TrueComp Modeler for prototyping compensation plans, TrueComp Manager for administering compensation programs, and TrueComp Viewer for web-based reporting and performance analysis. About America Online, Inc. Founded in 1985, America Online, Inc., based in Dulles, Va., is the world's leader in interactive services, Web brands, Internet technologies, and e-commerce services. America Online, Inc. operates two worldwide Internet services, America Online, with more than 18 million members, and CompuServe, with approximately 2 million members; several leading Internet brands including ICQ ("I Seek You") A conferencing program for the Internet from Mirabilis, Tel Aviv, Israel (www.icq.com). It provides interactive chat, e-mail and file transfer and can alert you when someone on your predefined list has also come online. , Digital City, Inc., Spinner.com, and Winamp; the Netscape Netcenter and AOL.COM portals; and the Netscape Navigator and Communicator browsers; AOL Moviefone, the nation's No. 1 movie listing guide and ticketing service; and Spinner Networks and NullSoft, Inc., leaders in Internet music. Through its strategic alliance with Sun Microsystems, the company develops and offers easy-to-deploy, end-to-end e-commerce and enterprise solutions for companies operating in the Net Economy. About Callidus Software Callidus Software (http://www.CallidusSoftware.com) is a San Jose-based company delivering a new class of enterprise application software called business performance systems (BPS (Bits Per Second) The measurement of the speed of data transfer in a communications system. 1. BPS - Basic Programming Support 2. bps - bits per second ). BPS software helps corporate finance executives boost top- and bottom-line corporate performance through accurate and timely variable resource program management, including variable compensation, sales commissions and trade promotions to channel partners. Callidus Software was founded in 1996 and is privately backed by Crescendo Ventures (formerly IAI IAI Infection And Immunity (journal) IAI International Alliance for Interoperability IAI Institut für Angewandte Informatik IAI Inter-American Institute for Global Change Research IAI International Association for Identification Ventures), Crosspoint Venture Partners, ONSET Ventures, Goldman Sachs Group, and Transamerica Technology Finance. Customers include America Online (NYSE:AOL), Cadence Design Systems (NYSE:CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. ), Dun & Bradstreet (NYSE:DNB DNB Dictionary of National Biography DNB Drum N Bass (music) DNB De Nederlandsche Bank DNB Dun & Bradstreet (stock symbol) DNB Den Norske Bank DNB David Nelson Band ), Newbridge Networks (NYSE:NN), Netscape Communications (NYSE:AOL) and Sybase Inc. (Nasdaq:SYBS). |
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