Callidus Software Announces Enterprise Variable Compensation Consulting Alliance With iQuantic.Business Editors/High-Tech Writers SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 18, 1999 Callidus Software, Inc., the business performance systems company, today announced a consulting partnership with iQuantic, a leading U.S. human resources and compensation consulting firm, to provide comprehensive pay-for-performance solutions. The combined offering includes an assessment of business objectives, the development of incentive plans to meet strategic goals and the implementation of those plans using the TrueComp software suite. TrueComp automates administration of pay-for-performance programs and eases the ongoing assessment and adjustment needed to keep compensation plans aligned with the client company's strategic goals. Customers will benefit from the combined power of TrueComp's comprehensive Model/Administer/Report features and iQuantic's expertise in compensation plan design. iQuantic will use TrueComp Modeler during incentive program development to assess proposed pay-for-performance scenarios, TrueComp Manager to implement these strategies and TrueComp Viewer to deliver reports to the plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. . "TrueComp allows corporate finance to focus on variable compensation as a high-leverage means to optimize business performance," 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. "Furthermore, the combined Callidus Software/iQuantic solution provides companies with the tools to use incentive compensation to attract, motivate and retain the best talent - essential for long-term financial success." iQuantic designs compensation, performance management and reward implementation strategies for leading technology companies, including Hewlett-Packard, AMD (Advanced Micro Devices, Inc., Sunnyvale, CA, www.amd.com) A major manufacturer of semiconductor devices including x86-compatible CPUs, embedded processors, flash memories, programmable logic devices and networking chips. , CommerceOne and Softbank. "Variable compensation is becoming an increasingly important method for enhancing organizational and business performance," said Mark H. Edwards, president of iQuantic. "TrueComp provides iQuantic's consultants with the means to design and re-design variable pay programs to maximize effectiveness as a standard customer deliverable." About TrueComp TrueComp, the variable compensation management system, is designed to address 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) and Unix (Sun Solaris), and supports Oracle, Sybase and MS SQL Server See Microsoft 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 iQuantic iQuantic provides clients with the tools they need to compete in the New Economy by developing compensation plans and human resources that achieve their business objectives. Founded in 1993, iQuantic works with more public and pre-IPO technology companies than any other human resources and compensation consulting firm. With a client list including such industry leaders as AMD, Hewlett-Packard, CommerceOne and Softbank, iQuantic offers unparalleled experience designing and implementing results-driven strategies in the areas of compensation, organization and implementation. For more information, visit iQuantic's website at www.iquantic.com, or contact Kimberly Reifel at 415-437-6205. 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). 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 The Alexander Group, Crescendo Ventures, Crosspoint Venture Partners, ONSET Ventures, Goldman Sachs Group, and Transamerica Technology Finance. Customers include America Online (NYSE NYSE See: New York Stock Exchange : 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. ), Autodesk Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ADSK ADSK Autodesk, Inc. (NASDAQ stock symbol) ), Cadence Design Systems (company) Cadence Design Systems - A company that sells electronic design automation software and services. http://cadence.com/. See also Verilog. (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), Rhythms NetConnections Inc. (Nasdaq: RTHM), Sun Microsystems (Nasdaq: SUNW SUNW Sun Microsystems, Inc (former stock symbol; now JAVA) SUNW Stanford University Network Workstation (Sun Microsystems, Inc) ) and Sybase Inc. (Nasdaq: SYBS). |
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