PLEASANTON, CA--(Marketwired - May 2, 2013) - Callidus Software Inc. (
"Bob brings more than 30 years of executive and financial management experience in public and private companies, particularly in Silicon Valley with software and hardware companies earning more than $100 million in revenue annually. Bob is highly experienced in all aspects of managing the financials of public companies, he has a strong history with the street, and a proven track record in developing and delivering communications regarding the companies he represents. He also has strong corporate governance acumen and extensive mergers and acquisitions experience. His operational skills are precisely what we need at this time in the Company's development. I am thrilled to have him join our team," said Mr. Stretch.
Prior to joining the Company, Mr. Corey served as the chief financial officer of FrontRange Solutions USA Inc., an enterprise software company, since May 2012. Prior to FrontRange, he served in various roles at Extreme Networks, Inc., an Ethernet solutions company from July 2009 to March 2011, ultimately as interim chief executive officer and executive vice president and chief financial officer. Prior to Extreme Networks, Mr. Corey held a variety of executive positions, including executive vice president and chief financial officer, at Thor Technologies, Inc., an enterprise software company, from May 2003 to January 2006. Mr. Corey currently serves as a member of the board of directors and as chairman of the audit committee for Apigee Corporation, a private software development tools and services company.
Mr. Corey is replacing Ronald J. Fior, who has served as the Company's Senior Vice President, Finance & Operations and Chief Financial Officer for the past ten years. Mr. Fior will remain in his present role through the filing of the Company's Form 10-Q for the first quarter of 2013, and will continue with the Company through July 31, 2013 to help ensure a smooth transition.
"I have been greatly impressed with CallidusCloud's successful transition to SaaS. Their proposition of helping companies sell more, faster and the combination of SaaS products that address the urgent needs of sales and marketing divisions across the globe place them in a unique position to profitably grow as a category leader," said Mr. Corey.
Note on Forward-Looking Statements
The forward-looking statements included in this press release, including discussion of our commercial prospects and performance reflect management's best judgment based on factors currently known and involve risks and uncertainties. These risks and uncertainties include, but are not limited to, potential disruption of customer purchase decisions resulting from global economic conditions, timing and size of orders, potential material fluctuations in financial results and future growth rates, decreases in customer spending, uncertainty regarding purchasing trends in the SPM market, customer cancellations or non-renewal of maintenance contracts or on-demand services, our potential inability to manage effectively any growth we experience, uncertainty regarding the demand for and profitability of our on-demand services, increased competition or new entrants in the marketplace, and other risks detailed in Callidus' reports filed with the Securities and Exchange Commission, including its Form 10-K for 2012. Actual results may differ materially from those presently reported. We assume no obligation to update the information contained in this release.
About CallidusCloud
Callidus Software Inc. (
©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.
Investor Relations Contact Carolyn Bass and Steve Pasko Market Street Partners 415-445-3237 cald@marketstreetpartners.com Press Contact: Giles House CallidusCloud 925-251-2200 pr@calliduscloud.com
