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CallidusCloud

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

Callidus Software Inc., 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. It is a part of the SAP Sales Cloud.

History

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Origins

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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

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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.

References

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  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.
[edit]
  • CallidusCloud.com
  • Litmos.com
    • Historical business data for Callidus Software Inc.:
    • SEC filings
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