PLEASANTON, CALIF., March 6, 2013 - Callidus Software Inc. (NASDAQ:CALD), a leading provider of hiring, learning, marketing and selling cloud software, announced today that Blue Shield of California has selected CallidusCloud's ICM, the market-leading Incentive Compensation Management solution for the insurance industry. The agreement was signed in the first quarter of 2013.
Blue Shield of California (BSC) is one of the leading and most innovative health plans in one of the nation's most mature managed-care states. BSC will support Group, Individual and Medicare lines of business with CallidusCloud's ICM. The project will commence in the first quarter of 2013 and will target the replacement of a legacy system, which currently supports incentive payments to 20,000 external producers.
"ICM has been proven to deliver significant financial and performance benefits by automating incentive and bonus plan administration and the management of producers," said Tom Davis, Vice President, Insurance Sales, CallidusCloud®. "In selecting CallidusCloud, BSC has selected a partner that has unparalleled experience in the insurance and healthcare ICM space."
CallidusCloud's ICM is built to deliver extreme automation in integration, plan configuration, producer management, payout calculation and communication. It is a highly configurable solution supporting rapid deployment, ease of use and reduced operational complexity. As part of the solution, the producer portal allows for delivery of payment and performance-related information through the web or a Customer Relationship Management system.
Blue Shield of California, an independent member of the Blue Cross Blue Shield Association, is a not-for-profit health plan with 3.3 million members, 5,000 employees, and $10 billion in annual revenue. Founded in 1939 and headquartered in San Francisco, Blue Shield of California provides health, life, dental, vision, and Medicare insurance and health care service plans in California. In 2012, Blue Shield of California was named one of the World's Most Ethical Companies. Since 2005, the company has contributed more than $200 million to Blue Shield of California Foundation, one of BusinessWeek's most generous corporate foundations. Contact your local agent or broker about Blue Shield of California products and services, or visit www.blueshieldca.com.
Callidus Software Inc. (NASDAQ:CALD), doing business as CallidusCloud, is a leading provider of cloud software. CallidusCloud enables organizations to drive performance and productivity across their business with our hiring, learning, marketing and selling clouds. From back office to the field, from desktop to mobile, we ensure organizations have the right tools to be more effective and perform better. The combined power of our clouds, our people, and our partners fuels growth, empowers the work force, and delivers real value. CallidusCloud drives performance and productivity for over 1700 leading organizations. Small, medium, and large enterprises across multiple industries and geographies rely on CallidusCloud for quicker hiring, simpler learning, better marketing, and smarter selling.