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Article Excerpt
M2 PRESSWIRE-15 January 2008-Callidus Software: Callidus Software Acquires Compensation Technologies; Strategic Purchase of Incentive Compensation Services Provider Extends Market-Leading Callidus On-Demand and Client Services Offerings(C)1994-2008 M2 COMMUNICATIONS LTD
RDATE:15012008
Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced that it has acquired Compensation Technologies, the leading provider of services for planning, implementing, and supporting incentive compensation processes and tools. With two decades of domain experience in sales compensation and a large client base, Compensation Technologies is a key player in the SPM market. The company helps organizations implement and manage SPM software. They offer business process redesign support, business analytics solutions, business case development, and compensation administration management. Additionally, through their Compensation Management Services (CMS) business, they provide Software-as-a-Service (SaaS) to a number of customers.
Under the terms of the agreement, Callidus will pay Compensation Technologies $8.3 million up front and up to an additional $4.8 million upon the completion of key milestones and achievement of target financial metrics.
The combination of...
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