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Callidus Software Inc.
Company typeSubsidiary
Nasdaq: CALD
IndustryEnterprise software
Founded1996; 28 years ago (1996)
HeadquartersDublin, California, USA
ServicesEnterprise software
Software as a service
Cloud computing
RevenueIncrease $ $253,091 thousand (2017)[1]
OwnerSAP (company)
Websitecalliduscloud.com
Footnotes / references
As of May 2017.[2][3]

The SAP Sales Cloud, formerly CallidusCloud, is an enterprise software and software as a service (SaaS) company headquartered in Dublin, California. The company markets services for sales effectiveness, sales management and sales execution (CPQ, CLM) software and services.

History

Origins

Callidus Software Inc. was incorporated in Delaware on September 6, 1996[4] by founders Andrew Swett and Scott Kitayama to provide Enterprise Incentive Management (EIM) 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 had its Initial public offering on the Nasdaq National Market under the stock symbol CALD, raising US$70 million.[5]

Following consecutive missed street expectations and management departures, Robert Youngjohns was appointed CEO in April 2005. [6]

Youngjohns quickly stabilized the business and developed the Sales Performance Management (SPM) proposition which elevated the company's relevance to enterprise customers. He recruited Leslie James Stretch and other key executives.

Leslie James Stretch was appointed CEO at the end of 2007. Stretch led the company for 11 years through the transition to Saas and subsequent sale to SAP in 2018.[7] After acquiring Litmos in June 2011,[8] Callidus Cloud adopted the name Litmos. After being acquired by SAP in 2019, the product's name changed again to SAP Litmos.[9]

On January 30, 2018, it was announced that the company SAP had acquired CallidusCloud for $2.4 billion.[10]

Products and services

CallidusCloud provides Software as a Service (SaaS) products for marketing and sales effectiveness. This includes applications to identify business leads, ensure proper territory and quota distribution, enable sales forces, as well as other features. The company offers applications for customer satisfaction monitoring, sales gamification, and a learning management system including content authoring system. Callidus' partner companies include Adobe, Accenture, SpectrumTek and Canidium LLC.

Awards and recognition

References

  1. ^ "Form 10-K Callidus Software Inc 10-K - Annual report".
  2. ^ "CallidusCloud Investor Relations".
  3. ^ "Financial Statements for Callidus Software, Inc". Nasdaq. Retrieved September 15, 2016.
  4. ^ "Company Profile: Callidus Software Inc (CALD.O)". Thomson Reuters. Archived from the original on March 4, 2016. Retrieved August 11, 2013.
  5. ^ "CALLIDUS SOFTWARE INC (CALD) IPO". Nasdaq. November 20, 2003. Retrieved August 11, 2013.
  6. ^ "Former sales head leaves Sun". CNET. April 29, 2007. Retrieved January 2, 2024.
  7. ^ "Callidus Shares Down after CEO hired by Microsoft". Reuters. November 20, 2007. Retrieved December 29, 2023.
  8. ^ "SEC CallidosCloud Annual Report". www.sec.gov. December 31, 2012. Retrieved 2020-11-19.
  9. ^ "Litmos Online Learning Software & Learning Management System". SAP Litmos. Retrieved 2020-11-19.
  10. ^ "SAP snags CallidusCloud for $2.4 billion". TechCrunch. January 30, 2018. Retrieved January 30, 2018.
  11. ^ "2018 Gartner SPM Magic Quadrant | Sales Performance Management | Calliduscloud". www.calliduscloud.com. Archived from the original on 2018-02-01.
  12. ^ "GARTNER MQ FOR SALES PERFORMANCE MANAGEMENT". 2018-01-15. Retrieved 2019-01-16.
  13. ^ "2017 Company / Organization Award Winners | Stevie Awards".
  14. ^ "CallidusCloud Strikes Gold as Mary Ainsworth Wins 'Woman of the Year' at the 2017 American Business Awards". 2 May 2017.
  15. ^ "CallidusCloud Positioned as a Leader in Gartner's 2017 Magic Quadrant for Sales Performance Management" (Press release). 2017-04-04. Retrieved 2017-05-08.
  16. ^ "The Forrester Wave™: Configure-Price-Quote Solutions, Q".
  17. ^ "CallidusCloud Wins Grand Stevie® Award for Organization of the Year in 2016 American Business Awards".
  18. ^ "CallidusCloud Positioned as a Leader in Gartner's 2016 Magic Quadrant for Sales Performance Management" (Press release). 2016-01-25. Retrieved 2016-02-19.
  19. ^ "CallidusCloud Wins Stevie Award at 12th annual International Business Awards". 2015-10-30. Archived from the original on 2015-12-22. Retrieved 2015-12-10.
  20. ^ "CallidusCloud Has Midas Touch in the 2015 International Business Awards" (Press release). 2015-08-13. Archived from the original on 2015-12-22. Retrieved 2015-12-10.
  21. ^ "Callidus Software wins a Stevie Award at The 2015 American Business Awards". 2015-09-11. Retrieved 2015-12-10.
  22. ^ "CallidusCloud Positioned as a Leader in the 2015 Gartner Magic Quadrant for Sales Performance Management" (Press release). 2015-01-08. Retrieved 2015-12-10.
  23. ^ "CallidusCloud Turns Lead to Money Into Gold in the 2014 International Business Awards" (Press release). 2014-08-19. Archived from the original on 2014-11-03. Retrieved 2014-11-11.
  24. ^ "Stevie Award Winners in The 2014 American Business Awards". 2014-09-13. Retrieved 2014-11-11.
  25. ^ "CallidusCloud: Automating Sales and Marketing Productivity to Fuel Growth" (Press release). Retrieved 2014-11-11.
  26. ^ "Top 100 Most Promising Big Data Companies". Retrieved 2014-11-11.
  27. ^ "CallidusCloud Positioned as Leader in Magic Quadrant for Sales Performance Management" (Press release). 2013-09-09. Retrieved 2013-10-09.
  28. ^ "CallidusCloud Scoops Ten American Business Awards" (Press release). 2013-09-19. Retrieved 2013-10-09.
  29. ^ "Stevie Awards". Retrieved 2013-10-16.
  30. ^ "CallidusCloud Scoops Wins 6 Times in 2012 American Business Awards" (Press release). 2012-09-24. Retrieved 2013-10-09.
  31. ^ "2012 CODiE Finalists". Archived from the original on 2013-08-04. Retrieved 2013-10-09.
  32. ^ "2011 CODiE Finalists". Archived from the original on 2013-10-03. Retrieved 2013-10-09.

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