Callidus Software To Buy BridgeFront

(RTTNews) - Callidus Software Inc. (CALD) said Tuesday that it has agreed to buy BridgeFront LLC, a provider of healthcare insurance and compliance education content.

The acquisition is an all-cash deal 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.

BridgeFront has over 300 customers and its products will be offered through Callidus Software's Litmos mobile learning business.

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 is expected to close on or around July 22.