Form 8-K CALLIDUS SOFTWARE INC For: Dec 04

December 4, 2017 4:16 PM

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 8-K

 

Current Report

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

 

Date of Report: December 4, 2017

(Date of earliest event reported)

 

Callidus Software Inc.

(Exact name of Registrant as specified in its charter)

 

Delaware

 

000-50463

 

77-0438629

(State or other jurisdiction
of incorporation)

 

(Commission
file number)

 

(I.R.S. Employer
Identification No.)

 

4140 Dublin Boulevard, Suite 400, Dublin, CA 94568

(Address of principal executive offices) (Zip Code)

 

(925) 251-2200

(Registrant’s telephone number, including area code)

 

 

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2 below):

 

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Emerging growth company o

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

 

 

 



 

Item 8.01.     Other Events.

 

On December 4, 2017, Callidus Software Inc. issued a press release announcing its acquisition of Learning Seat Holdings Pty. Ltd., a privately held Australian company that is a leading provider of compliance and professional development online learning services.

 

Item 9.01  Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit
Number

 

Description of Document

 

 

 

99.1

 

Press Release dated December 4, 2017.

 

2



 

EXHIBIT INDEX

 

Exhibit
Number

 

Description of Document

 

 

 

99.1

 

Press Release dated December 4, 2017.

 

3



 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

CALLIDUS SOFTWARE INC.

 

 

 

Date: December 4, 2017

By:

/s/ Roxanne Oulman

 

 

Roxanne Oulman

 

 

Executive Vice President, Chief Financial Officer

 

4


Exhibit 99.1

 

Source: Callidus Software, Inc.

December 04, 2017 07:55 ET

 

CallidusCloud Acquires Learning Seat to Revolutionize Corporate Compliance Training Through Additional Content and Adaptive Learning Technology

 

DUBLIN, Calif., Dec. 4, 2017 (GLOBE NEWSWIRE) — Callidus Software Inc.(NASDAQ: CALD), a global leader in cloud based sales, marketing, learning and customer experience solutions, announced today that it has acquired Learning Seat, a cutting edge provider of adaptive training and compliance learning content. The acquisition enhances CallidusCloud Litmos Learning Platform by adding nearly 500 courses.

 

The combination of Litmos and Learning Seat allows organizations to provide automated personalized training tailored to an individual’s knowledge base.

 

Recognized as one of the leading compliance content providers in Australia and New Zealand, Learning Seat customers include AFL, Chanel, City of Melbourne, Emirates, Olympus and Visy.

 

“Learning Seat adds adaptive learning and 500 courses in the high growth markets of Asia Pacific. They are the perfect complement to our Litmos capabilities,” said Rory Cameron, EVP Litmos and corporate development at CallidusCloud. “This is yet another talented team of learning specialists whose customers hold them in high regard. The unique adaptive technology they have pioneered is revolutionizing the learning experience.”

 

“We are really excited to be joining CallidusCloud and its Litmos team,” said Phil Tutty, CEO at Learning Seat. “Litmos and Learning Seat, combined, represent a great opportunity in the local markets and allows us to bring our Adaptive Learning Technology to the global market through the CallidusCloud channel.”

 

Under the terms of the transaction, CallidusCloud will purchase Learning Seat Holdings Pty Ltd, based in Melbourne, Australia, for $26.4 million in cash.

 

For more information about Learning Seat, please visit learningseat.com

 

About CallidusCloud 
Callidus Software Inc. (NASDAQ: CALD), doing business as CallidusCloud®, is the global leader in cloud-based sales, marketing, learning and customer experience solutions. CallidusCloud enables organizations to accelerate and maximize their lead to money process with a complete suite of solutions that identify the right leads, ensure proper territory and quota distribution, enable sales forces, automate configure price quote, and streamline sales compensation — driving bigger deals, faster. Over 5,800 leading organizations, across all industries, rely on CallidusCloud to optimize the lead to money process to close more deals for more money in record time.

 

© 2017 Callidus Software Inc. All rights reserved. Callidus, Callidus Software, the Callidus Software logo, CallidusCloud, the CallidusCloud logo, Badgeville, BridgeFront, Clicktools, Datahug, iCentera, Lead to Money, LeadFormix, LeadRocket, Learning Heroes, Learnpass, Litmos, the Litmos logo, OrientDB, Producer Pro, RevSym, SalesGenius, Surve, Syncfrog, Thunderbridge, and ViewCentral 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.

 

Press Contact:

Venus Picart

CallidusCloud

(925) 251-2200

pr@calliduscloud.com

 


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