CallidusCloud Announces CFO Transition

Marketwired

PLEASANTON, CA--(Marketwire - Mar 14, 2013) - Callidus Software Inc. (NASDAQ: CALD), a leading provider of hiring, learning, marketing and selling cloud software, today announced that after serving ten years as Chief Financial Officer, Ron Fior will be departing the Company. Mr. Fior will remain in his present role through the filing of the Company's Form 10-Q for the first quarter of 2013, after which he will remain with the Company through July 31, 2013, to help ensure a smooth transition.

"Ron has been a steadfast supporter of CallidusCloud through our initial public offering, our transition to a SaaS-based recurring revenue model, our strategic financing initiatives and our acquisition strategy. He has built a strong team in Finance, Administration and IT. I am grateful for his service to the company and wish him well in the future," said Leslie Stretch, Chief Executive Officer of CallidusCloud.

"My decade with CallidusCloud has been rewarding and I have tremendous confidence in the team I have put in place," said Mr. Fior. "I look forward to assisting Leslie and the Board in this transition."

CallidusCloud announced that it is commencing the search for Mr. Fior's successor immediately. Scott Baumgartner, the Company's Vice President of Finance, will assume the role of interim Chief Financial Officer for the period between the filing of the Company's Form 10-Q for the first quarter of 2013 and the start date of the Company's new Chief Financial Officer.

CallidusCloud also announced today that Holly Albert, after serving six years as the Company's General Counsel, will be departing the Company effective April 30, 2013.

About CallidusCloud
Callidus Software Inc. (NASDAQ: CALD), doing business as CallidusCloud®, is a leading provider of cloud software. CallidusCloud enables organizations to drive performance and productivity across their businesses with our hiring, learning, marketing and selling clouds. From back office to the field, from desktop to mobile, we ensure organizations have the right tools to be more effective and perform better. The combined power of our clouds, our people, and our partners fuels growth, empowers the work force and delivers real value. CallidusCloud drives performance and productivity for over 1700 leading organizations. Small, medium and large enterprises across multiple industries and geographies rely on CallidusCloud for quicker hiring, simpler learning, better marketing, and smarter selling. For more information, please visit www.calliduscloud.com.

©2013. Callidus Software Inc. All rights reserved. Callidus, Callidus Software, the Callidus Software logo, CallidusCloud, the CallidusCloud logo, TrueComp Manager, ActekSoft, ACom3, ForceLogix, Salesforce Assessments, iCentera, Webcom, Litmos, the Litmos logo, LeadFormix, Rapid Intake and 6FigureJobs 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.

Contact:
Investor Relations Contact
Carolyn Bass and Cameron Taylor
Market Street Partners
415-445-3237
cald@marketstreetpartners.com

Press
Giles House
CallidusCloud
925-251-2200
pr@calliduscloud.com
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