SAN JOSE, Calif., June 30, 2008 (PRIME NEWSWIRE) -- Callidus Software Inc. (Nasdaq:CALD), the leader in Sales Performance Management (http://www.callidussoftware.com/sales-performance-management/) (SPM) and Pervasive Performance Management (http://www.callidussoftware.com/pervasive-performance-management/) (PPM), today announced it was selected for inclusion in the Russell 3000(r) and Russell Microcap Indexes when Russell Investments reconstituted its comprehensive set of U.S. and global equity indexes on June 27, 2008. The Russell 3000 Index measures the performance of the 3,000 largest public U.S. companies while the Russell Microcap Index measures the performance of the microcap segment of the U.S. equity market.
"Our inclusion into the Russell 3000 Index underscores our market leadership and continued growth," said Ronald Fior, senior vice president Finance and Operations and CFO at Callidus Software. "Being part of this respected and actively traded index has many benefits for our current shareholders including added liquidity and increased exposure to institutional shareholders."
The memberships remain in place for one year and mean automatic inclusion in the small-cap Russell 2000(r) Index as well as appropriate growth and value style indexes. Russell determines membership for its equity index primarily by objective, market-capitalization ranking and by style attributes.
Annual reconstitution of Russell indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000 Index and Russell Microcap. Total returns data for the Russell Microcap and other Russell Indexes is available at: http://www.russell.com/Indexes/performance/daily_total_returns_us.asp.
The Russell 3000 also serves as the U.S. component to the Russell Global Index. Russell indexes are widely used by investment managers and institutional investors as index funds and as benchmarks for both passive and active investment strategies. Real-time market analysis on the Russell 3000 and other Russell Indexes is available at http://www.russell.com/Indexes/performance/real_time_market_analysis.asp.
About Callidus Software(r)
Callidus Software (www.callidussoftware.com) (Nasdaq:CALD) is the leading provider of on-premise and on-demand Sales Performance Management (SPM) solutions to global companies across a broad range of industries. Our software allows innovative enterprises of all sizes to strategically manage incentive compensation, set quota targets, administer producers, and align territories, resulting in improved sales and distribution performance. Over 1.8 million salespeople, brokers, and channel representatives have their sales performance managed by Callidus Software's products.
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