CallidusCloud Buys UK-Based Clicktools

(RTTNews) - Callidus Software Inc. (CALD), doing business as CallidusCloud, said Tuesday that it has acquired Clicktools, a cloud enterprise B2B survey provider, for about $14 million net of cash and accounts receivable assumed on the balance sheet.

Clicktools is the creator of a SaaS-based enterprise survey management platform and an easy to use rapid data integration solution for CRM, Marketing Automation and Salesforce Automation platforms.

Callidus expects Clicktools to add $600,000 to $700,000 of recurring revenue in the fourth quarter and about $1 million of recurring revenue per quarter in 2015.