CallidusCloud Named A Visionary In First-ever Gartner Magic Quadrant For Configure, Price And Quote Application Suites

DUBLIN, Calif., Feb. 01, 2018 (GLOBE NEWSWIRE) -- Callidus Software Inc. (NASDAQ:CALD), a global leader in cloud-based  sales,  marketing,  learning, and  customer experience solutions, announced today that it has been named a Visionary in Gartner's first-ever Magic Quadrant for Configure, Price and Quote Application Suites. 1 CallidusCloud was placed highest on the Ability to Execute axis within the Visionaries quadrant. The company was also named a Leader in Gartner's Magic Quadrant for Sales Performance Management earlier this month. 2

CallidusCloud's Configure Price Quote (CPQ) offering is used by leading organizations to fully automate the quote and proposal process, accelerate time to close, increase profitability, and gain intelligence on pricing and customer behavior to improve future sales performance.

"As the experts in B2B selling, we offer a unique value proposition: a leading edge CPQ solution integrated with a market leading Sales Performance Management suite. This unbeatable combination is helping our customers gain a decisive edge against their competitors in selling situations," said Andres Botero, SVP, Alliances, Channels and Chief Marketing Officer at CallidusCloud. "Now we are taking our customers to even higher levels of sales execution and performance with Thunderbridge Augmented Intelligence, which delivers the power of AI 3 to help customers close larger deals, faster."

Thunderbridge Augmented Intelligence (AI 3) was announced at CallidusCloud's C3 conference in September 2017. It employs continuous machine learning to deliver individualized, prescriptive recommendations to guide sales reps on which products to offer and at what price, to enable sales to close larger deals, faster.

The Gartner Magic Quadrant for Configure, Price and Quote, evaluated 11 vendors based on their completeness of vision and ability to execute. Gartner states that "CPQ application suites enable sales organizations to automate and optimize the creation of quotes and capture of orders… Leading CPQ solutions support the creation of quotes and capturing of orders across multiple channels of customer interaction (such as direct sales, contact center, point-of-sales, resellers, and customer self-service)."

A complimentary copy of Gartner's Configure, Price and Quote Magic Quadrant report is available here.

1 Gartner, "Magic Quadrant for Configure, Price and Quote Application Suites," Mark Lewis, Melissa A. Hilbert, January 29, 2018.

2 Gartner, "Magic Quadrant for Sales Performance Management," Melissa A. Hilbert, Tad Travis, Julian Poulter, January 15, 2018.

Gartner DisclaimerGartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research including any warranties of merchantability or fitness for a particular purpose.

About CallidusCloud Callidus Software Inc. (NASDAQ:CALD), doing business as CallidusCloud®, is the global leader in cloud-based sales, marketing, learning, and customer experience solutions. CallidusCloud enables organizations to accelerate and maximize their multi-product strategy with a complete suite of solutions that identify the right leads, ensure proper territory and quota distribution, enable sales forces, automate configure price quote, speed up contract negotiations, properly recognize revenue under ASC 606, and streamline sales compensation—driving bigger deals, faster. Over 5,800 leading organizations, across all industries, rely on CallidusCloud to optimize their multi-product strategy to close more deals for more money in record time.

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

© 2018 Callidus Software Inc. All rights reserved. Callidus, Callidus Software, the Callidus Software logo, CallidusCloud, the CallidusCloud logo, Badgeville, BridgeFront, Clicktools, Datahug, iCentera, Lead to Money, LeadFormix, LeadRocket, Learning Heroes, Learnpass, Litmos, the Litmos logo, OrientDB, Producer Pro, RevSym, SalesGenius, Surve, Syncfrog, Thunderbridge, and ViewCentral 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.

Press Contact:Venus PicartCallidusCloud(925) 251-2200 pr@calliduscloud.com

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