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DAILY NEWS AND INFORMATION FOR THE GLOBAL GRID COMMUNITY /
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Breaking News - General:
Callidus Appoints David Pratt As Interim President, CEO
Callidus Software Inc announced the appointment of David Pratt as interim
president and chief executive officer. Pratt replaces Reed Taussig who has
resigned as president, chief executive officer and chairman of the board.
Callidus Software also announced that anticipated second quarter and full year
results will not meet guidance as previously provided in April. Guidance is
not being updated. The company currently plans to announce second quarter
results on July 21.
Pratt, a software industry veteran with 35 years of senior management and
operational expertise, was appointed to the Callidus board of directors
earlier this month. Pratt, previously COO of Adobe, was instrumental in
growing Adobe's revenue from $50 million to $1 billion during his 10 year
tenure. Most recently, Pratt was CEO of AvantGo Inc, a provider of mobile
enterprise software, and prior to that, served as CEO of gForce Systems and
FlashPoint. In addition, he served as COO of Logitech and Quantum.
"Callidus Software is a leader in the very exciting EIM market providing
systems to global companies across multiple industries. I am looking forward
to working with the company's excellent and dedicated management team," Pratt
said.
Callidus Software also announced the appointment of Michael Braun as chairman
of the board of directors. Braun, a retired IBM executive, has served as a
board member of Callidus since February 2000. Braun previously served as CEO
of Blaze Software and Kaleida Labs and currently serves as the chief executive
officer of the Interim CEO Network.
"We are fortunate to have an executive of David Pratt's experience and stature
to lead Callidus forward at this time and we are optimistic about the future,"
said Braun.
"Reed's leadership over the past seven years has been crucial as the company
has grown from a small start-up to a publicly traded company," Braun said.
"Through his leadership Callidus became a leader in the EIM market and today
lists many well-respected and satisfied blue chip companies as its customers.
Together, Reed and the Board decided that it was time for new CEO at Callidus
and we wish him well."
"I am proud of what the team has accomplished at Callidus in the past seven
years and I remain confident in Callidus' technological advantage and
leadership position in the EIM market," said Taussig.
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