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Learning Management Systems Acquired by Callidus Software, Inc. (CALD)

|Includes: Callidus Software, Inc. (CALD)

Callidus Software, Inc. is the market and technology leader in sales performance management software. The company’s award-winning Software-as-a-Service (SaaS) applications set the standard for performance management of a firm’s sales force and channel partners, giving their customers a competitive advantage.

The company announced today it has acquired leading Learning Management Systems (LMS) vendor, Litmos Limited. Litmos has quickly gained recognition as the easiest rapid learning management system on the web. It is a fast-growing online training system with 150 clients and is winning approximately 12 new customers per month.

Litmos’ platform delivers a self-service online training system that makes the management and delivery of web-based training courses easy for business users. It is designed from the ground up to be a quick and easy-to-use platform that enables organizations to create web-based content in multiple formats, distribute the content to users and track results in real-time.

With this acquisition, Callidus will address the learning and development needs of mobile sales forces. The company now enters the high growth mobile learning market which was almost a $1 billion market last year in the US alone. The CEO of Callidus, Leslie Stretch, commented, “The acquisition opens up new opportunities in this high growth market and strengthens the value proposition of our core sales talent suite, while increasing our cross selling opportunities.”

For further information on Callidus Software, please visit its website at callidussoftware.com

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