Callidus Software Inc. (NASDAQ: CALD), the leader in sales effectiveness and cloud computing, announced its acquisition today of a premier executive career community and job board, 6FigureJobs. The acquisition extends CallidusCloud's Hiring Cloud suite.
"For high end careers the one dimensional resume has gone the way of the Dodo. Social and mobile technologies have changed the jobs market and the nature of recruiting as well as job hunting. There is a $3 billion market opportunity globally for job boards and recruitment technologies that use video, mobile and social technologies to match candidates with employers," said Leslie Stretch, President and CEO, CallidusCloud. "The combination of 6FigureJobs with our Sales Selector solution brings a comprehensive sourcing option to the table for executive and sales jobs over $100,000. 6FigureJobs's database of applicants and their existing customers are important additions to the CallidusCloud(tm) Hiring Cloud solutions which include video interviewing, video job posts and pre-selection suitability tests. Pre-hire testing, video resumes, social networking and mobile connectivity are decisive game changers in the way employers with high potential candidates make their match today."
6FigureJobs provides job postings from leading Fortune 1000 companies and executive search firms, including C-level, VP, Director and Senior Manager jobs. Over 750,000+ high-profile executives and senior-level professionals use 6FigureJobs to market their candidacy, post their resumes and search thousands of $100K+ executive and management level opportunities. 6FigureJobs prescreens candidates and requires them to maintain complete profiles, ensuring a better experience for companies looking to fill their open positions. Thousands of new jobs are posted every week on 6FigureJobs.com, 55% of jobs are sales related and the site sees nearly a million page views every month.
CallidusCloud will combine its own online assessment technologies with 6FigureJobs to create an agile hiring cloud, including a sales focused edition.
"We are thrilled to join the CallidusCloud family of SaaS solutions," said Paul DiNardo, General Manager, 6FigureJobs. "The combination of CallidusCloud's social, mobile and video technologies, coupled with their sales domain expertise will allow us to extend our product with value added offerings such as a focused sales career network."
6FigureJobs is used by major organizations including Allianz Life Insurance, Capital One, Cisco, Cognizant, Deloitte, HP, Kaiser Permanente, McKesson, Microsoft and Wipro Limited to source candidates. Click here for more companies that use 6FigureJobs.
Financial terms of the transaction were not disclosed.
Note on Forward-Looking Statements
The forward-looking statements included in this press release reflect management's best judgment based on current expectations, assumptions, beliefs, estimates and projections and involve risks and uncertainties. These risks and uncertainties include, but are not limited to, the expected timing and features of our new product release; and other risks detailed in Callidus' reports filed with the Securities and Exchange Commission (SEC), including its Form 10-K for 2011 and Form 10-Q for the first quarter of 2012, copies of which may be obtained by contacting Callidus Software's Investor Relations department at 925-251-2248, or from the Investor Relations section of Callidus Software's website (www.calliduscloud.com). Actual results may differ materially from those described in the forward looking statements.
6FigureJobs.com Inc. is a premier executive career community & job board that offers relevant online job search resources and content for $100K+ job seekers and recruiters. 6FigureJobs allows employers and recruiters to post their six figure job opportunities, search for resumes, and target and hire qualified, pre-screened, senior-level candidates. For more information, see http://www.6figurejobs.com
About Callidus Software
Callidus Software Inc. (NASDAQ: CALD) is the market and technology leader in sales effectiveness and cloud computing. Our customers gain a competitive advantage by maximizing sales cost efficiencies and driving improvements in sales effectiveness. CallidusCloud's award-winning multi-tenant SaaS applications set the standard for performance management of a company's sales force and channel partners. Over 2.5 million users rely on our solutions to power their performance. For more information, please visit www.calliduscloud.com
©2012. 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.