Through the acquisition, Callidus says it gains a solid sales coaching and talent development technology platform, and the ability to extend its footprint to provide the most comprehensive offering of on-demand sales talent lifecycle management solutions.
Such solutions enable businesses to drive smarter human capital practices through each stage of sales development, from sales selection and onboarding, to goal management, to incentives and rewards.
ForceLogix is a provider of SaaS-based coaching and talent development solutions that help organizations optimize and increase the effectiveness of their sales force. The solution is pre-integrated with Callidus’ On Demand Monaco suite, as well as Salesforce.com.
Callidus will pay approximately $3.75 million in cash to ForceLogix Technologies for substantially all the assets relating to the ForceLogix business. The acquisition is subject to customary closing conditions and is expected to be completed in the first quarter of 2011.