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.
2017
Stevie Awards 14 Gold Stevie Awards in the American Business Awards and 56 wins in total, including the Stevie for Customer Service Department of the Year, Management Team of the Year, Company of the Year, Fastest Growing Company of the Year, Tech Innovator of the Year and Executive of the Year.[13][14]
2015
Stevie Awards 6 Gold Stevies in the 2015 International Business Awards[19][20] and Gold winner in Executive of the Year category in the American Business Awards.[21]
2013
Stevie Awards Gold 'Grand Stevie' for the 10 most successful companies and 19 wins in total across the international and American business awards.[26][27]
2012
Stevie Awards Best Cloud App/Service, Best Financial Management Solution for its Sales Effectiveness Suite.[28]
2012
Codie award - Best Cloud Application/Service, Human Capital Management Solution, Financial Management Solution[29]
2011
Codie award - Best Cloud Infrastructure Application[30]