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Callidus Software Appoints Chris Cabrera as Vice President, North American Sales; Successful Sales Manager with Proven Track Record Named to Executive Team.


Business Editors & High Tech Writers

SAN JOSE, Calif.--(BUSINESS WIRE)--Oct. 4, 2000

Callidus Software(TM), The Business Performance Systems Company(TM), announced today the appointment of Chris Cabrera to vice president, North American sales, bringing over 12 years of sales and sales management experience to the executive team. Mr. Cabrera will be responsible for field sales operations in the United States and Canada.

"Chris has already had an incredible amount of success at Callidus," 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. "This promotion to vice president of North American sales is richly deserved and I know that Chris will continue to contribute a great deal to the future success of the company."

"Having been directly involved in creating and developing customer relationships with global 5000 TrueComp customers, I have seen first-hand the outstanding return on investment that Callidus products offer," commented Chris Cabrera, vice president, North American Sales for Callidus Software. "Over the last two years Callidus Software has become the market leader in pay-for-performance systems and is well-positioned to expand on its leadership role. Our entire sales team looks forward to the opportunity to grow the organization to the next level."

Recently, Mr. Cabrera served as managing director, western area for Callidus Software where he and his team exceeded quota for seven consecutive quarters. Previously, he held the titles of director of North American channel sales and director of North American telesales and field marketing for Silicon Graphics, Inc. (NYSE NYSE

See: New York Stock Exchange
:SGI). While at SGI, he was responsible for 120 employees and annual sales in excess of $500 million. Mr. Cabrera received a B.A. in Business Administration from the University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission  and a M.B.A. from Santa Clara University.

About TrueComp

TrueComp(TM), 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(TM) for prototyping compensation plans, TrueComp Manager(TM) for administering compensation programs and TrueComp Viewer(TM) for reporting and performance analysis. TrueComp is available for Windows (NT, 32-bit OS) and Unix (Sun Solaris and HPUX HPUX Hewlett-Packard Unix ) and supports Oracle, Sybase and Microsoft SQL Server A relational DBMS from Microsoft that is a major component of the Windows Server System. It is Microsoft's high-end client/server database and is closely integrated with Microsoft Visual Studio and the Microsoft Office System.  for data storage. The TrueComp Viewer module can be accessed via Netscape Navigator and Microsoft Internet Explorer See Internet Explorer. . Pricing for TrueComp enterprise software starts at $350,000 for managing compensation plans for up to 400 payees. ASP-based pricing for TrueComp is controlled by Callidus Software's ASP partners.

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. Callidus Software's 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(TM) similarly automates channel promotions programs, which are paid incentives to distribution partners. Callidus Software's BPS software provides precision, trust and understanding to successfully reward revenue-boosting behavior and optimize revenue drivers, thus improving business performance.

Callidus Software, founded in 1996, is privately backed by Crescendo Ventures, Crosspoint Venture Partners, ONSET Ventures, Goldman Sachs Group and Transamerica Technology Finance. Customers/Partners include The Alexander Group, Ariba, 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
:ARBA), Autodesk (NASDAQ:ADSK ADSK Autodesk, Inc. (NASDAQ stock symbol) ), Cambridge Technology Partners (NASDAQ:CATP CATP Cambridge Technologies (stock symbol)
CATP Coverage Acceptance Test Plan
CATP Committee of Adaptation to Technical Process
), Dun & Bradstreet (NYSE:DNB), Juniper Networks, Inc. (NASDAQ:JNPR JNPR Juniper Networks, Inc. (stock symbol) ), Lucent Technologies (NYSE:LU), Newbridge Networks (NYSE:NN), Netscape Communications (NYSE:AOL), Pennzoil-Quaker State Company (NYSE:PZL), PeopleSoft (NASDAQ:PSFT PSFT PeopleSoft (stock symbol)
PSFT Progressive Saturation Fourier Transform
PSFT Prosoft-Technology, Inc
), Remedy Corporation (NASDAQ:RMDY), Rhythms NetConnections Inc. (NASDAQ: RTHM), Sun Microsystems (NASDAQ:SUNW), Towers Perrin and Unigraphics Solutions (NYSE:UGS UGS

In currencies, this is the abbreviation for the Uganda Shilling.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
).

Callidus Software, the Callidus Software logo, The Business Performance Systems Company, TrueComp, TrueComp Manager, TrueComp Viewer, TrueComp Modeler, TrueChannel, TruePerformance and TrueIntegration are trademarks of Callidus Software, Inc. in the United States and other countries. All other brand or product names are trademarks or registered trademarks of their respective companies or organizations.
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 4, 2000
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