Callidus Software Inc. (Nasdaq: CALD), the industry leader in Enterprise Incentive Management (EIM), announced today an agreement with human capital management leader Czanne Software, to purchase engineering resources for the Callidus TruePerformance team. The agreement follows Callidusí source code licence purchase late last year.
The combined addition of the development team and source code software licence will enable Callidus to sharpen and extend its TruePerformance offering to Global 2000 Enterprises. Recently named ìTop HR Product of the Year,î TruePerformance enables professionals to create and manage programs for all types of compensation ñ base salary, bonus, and equity rewards ñ across the organisation. As the industryís first event-based compensation solution[CE1] , TruePerformance enables end users to define both business policies and dynamic workflow rules to meet corporate requirements. The Web-based application offers enterprises planning[CE2] , analysis, and performance management functions, as well as the ability to successfully align compensation plans to business strategies.
ìThe TruePerformance engineering team brings deep domain expertise in the human capital management space and makes them the ideal fit for Callidus,î explained Daniel Welch, senior vice president for Callidus Software. ìThe expansion of the engineering team in Italy mirrors Callidusí increased focus and commitment to the European market. The teamís knowledge and insight has strengthened our TruePerformance offering, thereby helping companies improve the effectiveness of their compensation investment. The acquisition of the engineering team reduces the cost of development and will enable a deeper integration of TruePerformance with other Callidus solutions,î continued Welch.
Callidus Increases Commitment to TruePerformance Solution
Acquisition of Italian Engineering Team Enables Faster, More Economical Development