This week from a news perspective was very positive for Callidus Software. They had two press releases, both in the financial services industry, regarding wins for their Monaco On-Demand platform. Why is this important? Over the past few years Callidus Software has dramatically shifted their corporate strategy from a traditional software model of deriving revenue from selling on premise software licenses, the associated annual maintenance, and implementation services to today's reoccurring revenue model built around the On-Demand platform and on going services. These two deals are continued affirmation of the commitment to and success of the new strategy. I think it's also an important indicator of the continued growth and acceptance of SaaS / Cloud applications in the SPM space.
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