Callidus Software Appoints Michael Braun as Outside Director; IBM Executive to Contribute Market Insight to Rapidly Growing Business Performance Systems Company.Business Editors/High-Tech Writers SAN JOSE, Calif.--(BUSINESS WIRE)--March 29, 2000 Callidus Software, the business performance systems (BPS) company, announced today that Michael A. Braun, general manager, global small business division of 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) Corporation, has joined the board of directors. As one of the leading experts in channel promotions for the high-tech industry, Braun brings to Callidus Software's board extensive sales and marketing experience, including eight years as a general manager of various IBM divisions distributing products through many different channels. Prior to his current job he was general manager of IBM's consumer division. In his role as a board member, Braun will provide strategic insight and guidance to the Callidus Software management team as it develops tools to help companies manage their marketplace-pay-for- performance programs. Drawing on his background in channel promotions, Braun will contribute to the development of TrueChannel, Callidus Software's channel promotion program automation application. "As the first company to examine the potential of the pay-for-performance market, Callidus Software is poised to lead the industry's development of exceptional business performance solutions," said Mike Braun. "While Callidus Software's flagship product, TrueComp, is already enabling businesses to transform compensation plans into a set of strategic management tools, TrueChannel, designed to facilitate promotional allowance programs for distribution partners, is the next step to driving the maximum return on investment." "We are very excited to welcome to the board someone with Mike's talent and experience," 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. "His addition further demonstrates our commitment to providing managers and CFOs with the most effective tools possible for assessing and forecasting the financial effects of different marketplace pay-for-performance scenarios." Prior to re-joining IBM in 1998, Braun was president and CEO of Blaze Software (Nasdaq:BLZE) and before that held the CEO post at Kaleida Labs. Braun received a BA from the University of Rochester The University of Rochester (UR) is a private, coeducational and nonsectarian research university located in Rochester, New York. The university is one of 62 elected members of the Association of American Universities. and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from its Simon School of Business. About Callidus Software's Board of Directors The Callidus Software Board of Directors is comprised of accomplished industry veterans, including Lorraine Fox of Crescendo Ventures, John Mumford of Crosspoint Venture Partners, Darlene Mann of ONSET Ventures, George B. James formerly of Levi Strauss & Co, Reed Taussig and co-founder Andy Swett, both of Callidus Software. About Callidus Software Callidus Software (http://www.CallidusSoftware.com), the business performance systems (BPS) company, boosts business performance by driving higher corporate revenues through improved management of marketplace pay-for-performance programs. Our 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, similarly automates channel promotions programs, which are paid incentives to distribution partners. Our BPS software provides precision, trust and understanding so that revenue-boosting behavior can be successfully rewarded and revenue drivers optimized for improved business performance. Callidus Software, of San Jose, 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 (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); Juniper Networks, Inc. (Nasdaq:JNPR JNPR Juniper Networks, Inc. (stock symbol) ); Lucent Technologies (NYSE:LU); 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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