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CallidusCloud Acquires Australia's Learning Seat for USD 26m.

M2 EQUITYBITES-December 15, 2017-CallidusCloud Acquires Australia's Learning Seat for USD 26m

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15 December 2017 - California, US-based cloud-based sales/marketing/learning company Callidus Software Inc. (NASDAQ: CALD) has acquired Australia-based training and compliance learning content provider Learning Seat Holdings Pty Ltd, adding approximately 500 courses to CallidusClous Litmos learning platform, the company said.

Under the terms of the transaction, CallidusCloud will purchase Learning Seat for USD 26.4m in cash.

The combination of Litmos and Learning Seat allows organisations to provide automated personalised training tailored to an individual's knowledge base.

CallidusClous said Learning Seat adds adaptive learning and 500 courses in the high growth markets of Asia Pacific, complementing its Litmos capabilities.

Callidus Software Inc. (NASDAQ: CALD), doing business as CallidusCloud, enables organisations to accelerate and maximise their lead to money process with a suite of solutions that identify the right leads, ensure proper territory and quota distribution, enable sales forces, automate configure price quote, and streamline sales compensation.

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Date:Dec 15, 2017
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