8-K

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: July 21, 2015

(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))

Item 8.01.Other Events.

On July 21, 2015, Callidus Software Inc. (“Callidus”) issued a press release announcing its entry into a definitive agreement for the acquisition of BridgeFront LLC, a privately held Washington limited liability company that is a leading provider of healthcare insurance and compliance education content. The acquisition is expected to close on or around July 22, 2015. A copy of the press release is furnished as Exhibit 99.1 and incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number	Description of Document
99.1	Press Release dated July 21, 2015.

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: July 21, 2015	By:	/s/ Bob L. Corey
		Bob L. Corey
		Executive Vice President, Chief Financial Officer (duly authorized officer)

EXHIBIT INDEX

Exhibit Number	Description of Document
99.1	Press Release dated July 21, 2015.

EX-99.1

Exhibit 99.1

CallidusCloud Expands Learning and Compliance Solutions for Healthcare Insurance with Acquisition of BridgeFront

DUBLIN, CA--(Marketwired - Jul 21, 2015) - Callidus Software Inc. (NASDAQ: CALD), a global leader in cloud-based sales, marketing, learning and customer experience solutions, announced today it has entered into a definitive agreement to acquire BridgeFront LLC, a leading provider of healthcare insurance and compliance education content.

The acquisition will enhance CallidusCloud's healthcare insurance and Litmos mobile learning solutions with over 500 rich courses tackling key industry issues including HIPAA compliance and revenue cycle.

"The acquisition continues our success with 'tuck-in' acquisitions that compliment and expand our product offering," said Rory Cameron, EVP Corporate Development and Platforms, CallidusCloud. "BridgeFront enhances both our mobile learning business and our healthcare insurance opportunity, by providing rich education content along with substantial domain knowledge."

"We are excited to join forces with CallidusCloud, a leader in the mobile learning and healthcare insurance vertical," said Peter Cizik, co-founder and CEO, BridgeFront. "Our rich library of content combined with CallidusCloud's strength in mobile learning, is a very powerful and game-changing combination for the market."

Deal Highlights

BridgeFront has over 300 customers and its products will be offered through CallidusCloud's Litmos mobile learning business. The acquisition is an all-cash transaction for less than $5 million with earn-out opportunities over the next 18 months and will not have a dilutive effect on earnings per share. BridgeFront has 20 employees and is located in Vancouver, Washington. The acquisition is expected to close on or around July 22, 2015.

Blog: www.calliduscloud.com/blogLinkedIn: www.linkedin.com/company/calliduscloudFacebook: www.facebook.com/callidussoftwareTwitter: @calliduscloudWeb: www.calliduscloud.com

About CallidusCloudCallidus 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 3,900 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.

Note on Forward-Looking Statements

The forward-looking statements included in this press release, including, for example, the expected impact of our acquisition, reflect management's best judgment based on factors currently known and involve many risks and uncertainties. These risks and uncertainties include, but are not limited to, potential delays in realizing expected new revenues and synergies, potential difficulties in integrating acquired products and technologies with our current solutions, and other risks detailed in periodic reports we file with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q.

©2015 Callidus Software Inc. All rights reserved. Callidus, Callidus Software, the Callidus Software logo, CallidusCloud, the CallidusCloud logo, Clicktools, SURVE, syncfrog, TrueComp Manager, ActekSoft, ACom3, iCentera, Webcom, Litmos, the Litmos logo, LeadFormix, Rapid Intake, 6FigureJobs, and LeadRocket are trademarks, service marks, or registered trademarks of Callidus Software Inc.

Investor Relations:
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Ed Keaney and Michael Smiley 
Market Street Partnerscald@marketstreetpartners.com
415-445-3238Press Contact:Chris Bucholtz
CallidusCloud
925-251-2200pr@calliduscloud.com