Callidus Software said Monday that it had been selected by a “leading global software company” for a 7-figure contract agreement, which was signed in Q4.
The company and financial details weren’t disclosed by Callidus. CallidusCloud is said to be replacing the unknown company’s current cloud compensation system.
“This is an important land and expand opportunity as we have been working with this customer already with our learning and gasification solutions,” said Giles House, CallidusCloud’s chief marketing officer. “Now they have selected us to replace their existing incentives platform with the industry’s biggest and most powerful commissions cloud.” Shares for Callidus were last trading down 2.1% at the market’s close Friday.