Callidus Software Inc. was incorporated in Delaware on September 6, 1996 by founders Andrew Swett and Scott Kitayama as a company specializing in providing Enterprise Incentive Management application systems. Initial funding came from Onset Ventures. The first hire was former Chief Architect Greg Holmberg, followed by former President and CEO Reed D. Taussig. In November 2003, the company went public on the Nasdaq National Market under the stock symbol CALD, raising US$70 million.
CallidusCloud is ~$200m of revenue with ~$200m of cash. It grows at around 30%. In 2014, total revenue was $136.6 million, an increase of $24.3 million, or 22%, from 2013. In 2015, total revenue increased 27% to $173.1 million. During 2015, the company added 900 customers to take the total number of companies using one or more of its software products to 4,600. They now report more than 5000.
On January 30, 2018, it was announced SAP acquired CallidusCloud for $2.4 billion.
Products and Services
CallidusCloud provides Software as a Service solutions for marketing and sales effectiveness. Their suite of solutions includes applications to identify the right leads, ensure proper territory and quota distribution, enable sales forces, automate quote and proposal generation, and streamline sales compensation. Additionally, they offer applications for customer experience monitoring, sales gamification, and learning management including content authoring.
Partnerships
CallidusCloud Global Alliance Partners providing integrated solution that complement Calliduscloud products; System Integrators Partners providing user companies with a wide range of selections to support different sales methodologies and drive revenue; Technology Partners provide functionality that complements CallidusCloud product capabilities. These partner companies include Adobe, Accenture, Canidium LLC, Deloitte, Lanshore LLC, NetSuite, OpenSymmetry, Oracle, Salesforce.com, and SAP.
2017 Gartner Magic Quadrant - A Leader In The Sales Performance Management Market.
2017 The Forrester Wave™: Configure-Price-Quote Solutions - CallidusCloud named a Leader in CPQ. Q1 2017 report evaluates the fast-growing field of CPQ solutions.
2016 Stevie Awards 6 Gold Stevie Awards in the American Business Awards and 41 wins in total, including the Stevie for Organization of the Year.
2016 Gartner Magic Quadrant - A Leader In The Sales Performance Management Market.
2015 Stevie Awards 6 Gold Stevies in the 2015 International Business Awards and Gold winner in Executive of the Year category in the American Business Awards.
2015 Gartner Magic Quadrant - A Leader In The Sales Performance Management Market.
2014 Stevie Awards 4 Gold Stevies in the 2014 International Business Awards and 14 wins total in the American business awards.
2013 Gartner Magic Quadrant - A Leader In The Sales Performance Management Market.
2013 Stevie Awards Gold 'Grand Stevie' for the 10 most successful companies and 19 wins in total across the international and American business awards.
2012 Stevie Awards Best Cloud App/Service, Best Financial Management Solution for its Sales Effectiveness Suite.
