Callidus Software Inc., a provider of sales performance management software, has announced it has closed its acquisition of ActekSoft, a provider of commission and compliance software for complex selling environments.

The acquisition allows Callidus to provide a comprehensive offering of on-demand and on-premise sales life-cycle management solutions in the insurance and financial services industries. These solutions optimize agent capacity planning, selection and on-boarding, licensing and appointment management, and pay for performance. The solution gives customers the ability to align their sales force and channels with their business objectives.

“The insurance marketplace is the proving ground for sales performance management,” says Leslie Stretch, president and CEO at Callidus. “Commissions processing and agent life-cycle management are the most business-critical elements to these clients. We expect to be able to bring ActekSoft’s customer-centric approach and domain knowledge in the commissions’ space to our clients and to continue to enhance and support the ActekSoft solutions to deliver agent management and commissions capabilities ActekSoft’s clients demand.”

With the addition of ActekSoft, Callidus serves customers in more than 140 countries. Financial terms of the transaction were not disclosed.