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Xactly Secures $30 Million New Venture Capital

Thursday, May 1, 2008 6:04:00 AM PDT | VentureDeal Staff
SAN JOSE, CA -- Software maker Xactly Corporation announced that it has raised $30 million in a new round of venture capital and debt investment.

Xactly provides enterprises with on-demand (Software-as-a-Service) applications for tracking and designing sales compensation programs.  The programs help incent the right kinds of actions in line with corporate objectives.

Investors included Glynn Capital Management, Rembrandt Venture Partners, Bay Partners, Outlook Ventures and Alloy Ventures.

The company said it will use the funds to expand its sales and marketing efforts in North America and the EMEA region, along with developing new applications.

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