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Banc of California Selects CallidusCloud Lead to Money Suite to Optimize Incentive Compensation Management

PLEASANTON, CA -- (Marketwired) -- 04/17/14 -- Callidus Software Inc. (NASDAQ: CALD), a leading provider of sales and marketing effectiveness software, announced today that Banc of California, a top full-service banking organization, has selected CallidusCloud's Commissions and Litmos mobile learning solutions to optimize the lead to money process. The agreement was signed in the first quarter of 2014.

Richard Herrin, Chief Administrative Officer of Banc of California, stated, "We will be rolling out the CallidusCloud Commissions software throughout all our divisions to improve transparency and reduce processing time. CallidusCloud was the natural choice for us given its prevalence in the banking sector and the breadth of its 'lead to money' suite. We also believe that the embedded mobile learning platform will significantly accelerate implementation of the new compensation process and deliver a faster return on our investment."

CallidusCloud's Commissions enables companies to deploy targeted incentives and commission programs to drive sales execution. It provides businesses with the ability to automate the calculation and payment of commissions across internal and external sales. With extensive modeling and analytics capabilities, the solution provides clear insight into the performance of current plans as well as a highly accurate forecast of future performance. Sales operations and finance enjoy significant time and cost savings while sales teams enjoy faster, more accurate and more transparent commission payments.

CallidusCloud's Litmos mobile learning provides an easy-to-use mobile solution for learning and training anytime, anywhere. The Litmos platform enables customers to build and manage professional-looking online courses. System users have access to real-time reporting to see precisely when students have completed their training, how long they took, and what scores they achieved. The SCORM-certified hosted training system does not require any resources or support from the IT department and can be launched in just minutes.

Blog: www.calliduscloud.com/salespulse
LinkedIn: www.linkedin.com/company/calliduscloud
Facebook: www.facebook.com/callidussoftware
Twitter: @calliduscloud, @calliduscloudIR
Web: www.calliduscloud.com

About Banc of California, Inc.

Since 1941, Banc of California, Inc. (NASDAQ: BANC) through its banking subsidiary Banc of California, National Association, has provided banking services and home loans to businesses and families in California and the West. Today, Banc of California, Inc. has over $3.8 billion in consolidated assets and more than 80 banking locations.

For more information, please visit www.bancofcal.com.

About CallidusCloud

Callidus Software Inc. (NASDAQ: CALD), doing business as CallidusCloud®, is the leading provider of sales and marketing effectiveness software. CallidusCloud enables organizations to accelerate and maximize their lead to money process with a complete 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 -- driving bigger deals, faster. Over 2500 leading organizations, across all industries, rely on CallidusCloud to optimize the lead to money process to close more deals for more money in record time.

For more information, please visit www.calliduscloud.com.

©2014. Callidus Software Inc. All rights reserved. Callidus, Callidus Software, the Callidus Software logo, CallidusCloud, the CallidusCloud logo, TrueComp Manager, ActekSoft, ACom3, iCentera, Webcom, Litmos, the Litmos logo, LeadFormix, Rapid Intake, 6FigureJobs and LeadRocket are trademarks, service marks, or registered trademarks of Callidus Software Inc. and its affiliates in the United States and other countries. All other brand, service or product names are trademarks or registered trademarks of their respective companies or owners.

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