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Xactly Corporation Finds $15 Million New Funding

Tuesday, April 24, 2007 5:00:00 AM PDT | VentureDeal Staff

SAN JOSE, CA -- Software maker Xactly Corporation announced the closing of its third round of venture capital financing, receiving $15 million from several investors.

Xactly provides customers with on-demand sales compensation management applications that allow them to design the best sales incentives for their work force.

Investors in the round were led by Alloy Ventures, and included Bay Partners, Rembrandt Ventures, Outlook Ventures and Spinner Asset Management.  The company said it intends to use the funding proceeds to expand its sales and marketing efforts nationwide and throughout Asia and Europe.

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