Callidus Software Executives to Present at AeA Micro Cap Financial Conference

May 3 2006

Callidus Software Inc. (Nasdaq: CALD), the leader in Enterprise Incentive Management (EIM), today announced that two of its executives, Robert Youngjohns, president and CEO, and Ron Fior, senior vice president and CFO, will present at The 2006 AeA Micro Cap Financial Conference at the Monterey Plaza Hotel in Monterey, CA on May 8, 2006. Callidus Software is scheduled to present at approximately 11:30 a.m. PDT (2:30 p.m. EDT). The presentation format is rolling, with each company presenting at approximate times.

About Callidus Software

Founded in 1996, Callidus Software Inc. (http://www.callidussoftware.com) is an industry leading Enterprise Incentive Management (EIM) provider to global companies across multiple industries. Callidus' EIM systems allow enterprises to develop and manage incentive compensation linked to the achievement of strategic business objectives. Through its TrueComp(R) Grid architecture, Callidus Software delivers an EIM solution that combines the power and scalability of grid computing with the flexibility of rules-based interface. Customers/Partners include 7-Eleven, Accenture, CUNA Mutual, HP, IBM, Philips Medical Systems, Sprint Nextel, Sun Microsystems, Time Warner Corporation and Wachovia. Callidus Software is publicly traded on the NASDAQ under the symbol CALD.

About AeA

AeA, founded in 1943, is a nationwide trade association that represents all segments of the technology industry and is dedicated solely to helping its members' top line and bottom line. AeA does this in partnership with its small, medium, and large member companies by lobbying governments at the state, federal, and international levels, providing access to capital and business opportunities, and offering select business services and networking programs. For more information, please visit http://www.aeanet.org.

NOTE: Callidus Software, the Callidus Software logo, Callidus TrueAnalytics, TrueChannel, TrueComp, TrueComp Grid, TrueInformation, TruePerformance, TrueReferral, and TrueResolution are trademarks of Callidus Software Inc. All other trademarks are the property of their respective owners.