Callidus Software Announces Sun-Netscape Alliance has Selected TrueComp to Manage Variable Compensation Payment.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Oct. 27, 1999-- Sun-Netscape Alliance (Sun-Netscape Alliance, Santa Clara, CA) A joint venture of Sun and Netscape to market Netscape's Web-based software products. The Alliance was formed when AOL acquired Netscape in 1999 to take advantage of the fact that the bulk of Netscape software was already running on Sun hardware. Adopts Java(TM)-Based TrueComp to Handle Complex Compensation Modeling, Administration and Reporting Callidus Software, the business performance systems company, announced today that the Sun-Netscape Alliance, a premier provider of e-commerce applications and infrastructure software solutions, has purchased Callidus Software's variable compensation management system, TrueComp. TrueComp will be used to manage the complex compensation plans for the combined international sales force of 600 representatives from Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. (Nasdaq:SUNW SUNW Sun Microsystems, Inc (former stock symbol; now JAVA) SUNW Stanford University Network Workstation (Sun Microsystems, Inc) ) and 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. ). "Utilizing Java(TM) technologies, Callidus Software's TrueComp allows us set up our own business rules, providing the extra flexibility we need to properly allocate transactions to an international sales force consisting of representatives from two companies," said Dan Zubkoff, information technology manager for the Sun-Netscape Alliance. "TrueComp was an obvious choice following its successful implementation with the Netscape sales force earlier this year. "TrueComp is designed to enable us to pay our people the correct amounts on time every time." "The Sun-Netscape deal marks another milestone in the continuing growth of Callidus Software as it leads the way in serving the variable compensation market," 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 sales have more than doubled each quarter over the last three quarters and through our growing number of industry partnerships, the outlook for fourth quarter looks stronger still." About TrueComp 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 features three user modules designed to address the complete variable compensation management process, including TrueComp Modeler for prototyping compensation plans, TrueComp Manager for administering compensation programs, and TrueComp Viewer for reporting and performance analysis. Together, these capabilities enable businesses to: -0-
-- Model compensation programs based on accurate knowledge of
previous quarters
-- Predict and report profitability using accurate compensation
allocation data
-- Tie compensation programs to corporate objectives, such as
improving customer loyalty, and then measuring the success of
those programs
-- Help sales teams gain ownership and insight into their
contributions to corporate performance.
-- Build trust between finance and sales personnel with accurate and
timely information that everyone can understand
-- Leverage rapidly changing sales organizations and product
configurations
TrueComp achieves this through a Java, component-based architecture that breaks down complex compensation issues into manageable pieces and enables financial managers to quickly and easily adapt the system to changing business conditions. A fully-customizable rules engine allows executives to apply compensation policies to large groups of employees and ensure accurate compensation calculations. Web-based reporting gives all authorized employees easy access to information. About the Sun-Netscape Alliance America Online, Inc. and Sun Microsystems, Inc. formed the Sun-Netscape Alliance to provide easy to deploy, comprehensive enterprise and e-commerce solutions and services to business partners and other companies competing in today's Net Economy. The alliance product portfolio provides customers with the industry's most scalable, integrated infrastructure software and a family of production-ready e-commerce applications. The products are offered on the industry's most widely available product platforms, including DEC, HP, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Linux, SGI (SGI, Sunnyvale, CA, www.sgi.com) A manufacturer of workstations and servers, founded in 1982 by Jim Clark. The company was founded as Silicon Graphics, Inc., but changed to its acronym in 1999. , Microsoft Windows, and Sun. The alliance software product portfolio includes: messaging and calendar, collaboration, web, application, directory, and certificate servers. The alliance also offers a family of production-ready applications for e-commerce, including commerce exchange, procurement, selling and billing. 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 (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), Sun Microsystems (Nasdaq:SUNW) and Sybase Inc. (Nasdaq:SYBS). Note to Editors: Callidus Software, TrueComp, TrueComp Manager, TrueComp Modeler, TrueComp Viewer and TrueChannel are trademarks of Callidus Software, Inc. Sun, Sun Microsystems, the Sun Logo and Java are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries |
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