On January 29th, SAP entered into an agreement to purchase CallidusCloud for approximately $2.4 Billion. The transaction is expected to close in the second quarter of 2018. Litmos, the learning division of Callidus, will move to SAP within in the Hybris cloud group. Management teams will transition to SAP.
CallidusCloud’s missions is to help businesses sell faster and win their respective markets with our award-winning Lead-to-Money suite of applications. According to the press release
“The combination of SAP’s assets with CallidusCloud’s will deliver an end-to-end, fully cloud-based ‘Lead-to-Cash’ offering.” Also, SAP CEO Bill McDermott noted “SAP gives CallidusCloud the global scale to accelerate its already impressive growth.”
On the SAP earnings call, Bill McDermott, CEO of SAP remarked that “we run Callidus to run SAP….it will scale globally. We know it scales extremely well.” Luka Mucic, SAP’s CFO said on the earnings call that “I think it’s the best asset in the industry because we actually know it’s the best asset in the industry….I think there’s no better reference than 25,000 sales professionals in 190 countries around the world, utilizing that every day, so we are pumped – absolutely, we are pumped.” McDermott added that “This one was too good to pass up, this is a company that helps us define this customer driven growth revolution….this completes us in a certain sense, in the CRM category.”
SAP plans to continue to support integration of CallidusCloud solutions with third-party installations.