Callidus Software Announces Juniper Networks as Customer of Truecomp for Management of Pay-for-Performance Sales Programs.Business Editors/High-Tech Writers SAN JOSE, Calif.--(BUSINESS WIRE)--Feb. 23, 2000 Juniper Joins Growing List of "New Economy" Companies Implementing Business Performance Systems Callidus Software, the business performance systems company, announced today that Juniper Networks, Inc. (Nasdaq:JNPR JNPR Juniper Networks, Inc. (stock symbol) ), a leading provider of next-generation IP infrastructure systems, has purchased and implemented within sixty days Callidus Software's variable compensation management package, TrueComp, as a tool to help manage pay-for-performance compensation plans for its rapidly-growing sales force. "The pay-for-performance philosophy is embedded in the cultures of successful dot-com companies within the New Economy," 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. , Callidus Software. "Juniper Networks' explosive growth demonstrates the need not only to reward the best personnel through timely and accurate compensation payments, but also to ensure that those incentive programs motivate efforts in line with the company's strategic and financial objectives." Juniper Networks joins the growing list of Callidus Software TrueComp customers including America Online, Ariba, Autodesk, 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, Lucent Technologies, Netscape Communications, Newbridge Networks, Rhythms Net Connections Inc., Sun Microsystems, and Sybase Inc. 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 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 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 NYSE See: New York Stock Exchange :AOL), Ariba, Inc. (Nasdaq:ARBA), Autodesk (Nasdaq:ADSK ADSK Autodesk, Inc. (NASDAQ stock symbol) ), 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), Lucent Technologies, Inc. (NYSE:LU), Netscape Communications (NYSE:AOL), Newbridge Networks (NYSE:NN), 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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