“Given the scale and value of sales effectiveness solutions Callidus now provides to global organizations, the addition of a leading mobile eLearning capability is a major differentiator in our market. High performing sales forces conduct high frequency training and learning. Our 2.5 million plus sales users need to access product and process learning on any device, anytime, anywhere in order to optimize their work performance. Learning is in high demand. It takes place ‘in-line’ with the workday and is no longer a separately managed and organized activity. Learning has become part of the social enterprise, unhindered by traditional corporate and academic boundaries. Easy-to-use award-winning mobile platforms like Rapid Intake are at the center of this movement. The acquisition combined with the Litmos Learning Management solution means that our customers now have a one stop shop for SaaS eLearning and mLearning tools,” said Leslie Stretch, President and CEO, Callidus Software.
“The acquisition adds more than 200 customers with annual plans, bringing Callidus’ customer base on some type of annual plan to over 700 strong. Rapid Intake also has 800 plus transactional customers. With over 30% growth in our core SaaS SPM business in the first half of 2011, these additional customers represent a significant cross selling opportunity for the company.”
Through the acquisition, Callidus extends its position as leader in the high growth mobile learning market, strengthens the value proposition of its core SaaS sales performance management suite, and increases its cross selling opportunities to its 2.5 million and growing user base.
“The eLearning Guild sees significant future growth in the use of mobile platforms for learning across the entire enterprise,” commented David Holcombe, President and CEO, The eLearning Guild and Learning Solutions Magazine. “The acquisition of Rapid Intake, and their mLearning Studio authoring system, puts Callidus Software in a great position to benefit from this growth and, more importantly, to positively influence the proliferation of mLearning in organizations.”
“At Rapid Intake, we have developed a unique e-learning solution that delivers open e-learning development: an easy-to-use collaborative solution that can be accessed by any team member, subject-matter expert, or project stakeholder from anywhere in the world,” said Garin Hess, CEO, Rapid Intake. “We are thrilled to join the Callidus family of SaaS solutions. Callidus dedication to SaaS and mobile innovation combined with its global coverage will allow us to be even more effective in delivering on our vision and building on our growing base of satisfied customers.”
Rapid Intake is the easiest to use eLearning and mLearning solution that lets designers and subject matter experts collaboratively capture, storyboard, develop, review, test, and publish Flash- and HTML5-based courses. Novice users and content owners work together, using templates to create course content quickly and easily. Rapid Intake content is available to any computer or mobile device (iPhone, iPad, Blackberry 6, Android 2.2 or higher). All output is SCORM compliant.
Rapid Intake has been recognized with several awards for its innovative eLearning and mLearning software solutions, including: the Golden Bridge Award for Innovations in Information Technology 2011; Elearning! Magazine’s Best of Elearning! Awards 2008, 2009, 2010; the Network Product Guide’s Innovation Award 2009; the Brandon Hall Gold Award for Best Innovation in Learning Technology 2008; and the 2008 Software Innovation Award from COMPTIA.
Financial terms of the transaction were not disclosed.
About Callidus Software®
Callidus Software (NASDAQ:CALD) is the market and technology leader in Sales Performance Management (SPM). Callidus award-winning SaaS platform – the Callidus Cloud – is a comprehensive SaaS suite designed to help businesses drive more effective selling at each stage of the sales talent lifecycle, from improved sales hiring -- the foundation of strong sales performance -- to improved campaign execution, to high frequency coaching and development. The Callidus Cloud suite includes Callidus' 100% multi-tenant, high-availability SaaS infrastructure; its Sales Selection, Sales Effectiveness, Sales Performance, and Learning modules; SPMConnect for data management; and Reporting & Analytics. Callidus Software powers more than 2.5 million users across the globe. For more information, please visit www.callidussoftware.com.