Sales management company Xactly raises $30M
Xactly, a San Jose-based maker of sales compensation management software, has raised another $30 million round of funding.
The company’s flagship product, Xactly Intent, allows companies to design, implement, manage, audit and optomize sales compensation management programs. When the company raised $15 million last year, chief exective Christopher Cabrera told us that Xactly differs from competitors like Callidus Software and Centive by being more affordable and serving mid-market customers.
The round includes new investors Glynn Capital Management and Cheyenne Capital. Xactly’s product roadmap includes releasing a new module for quota and territory management by the end of 2008.
Next Story: Admob tests out analytics service for mobile sites
Previous Story: Mobile post: Airplanes need Internet!
About the Author, Anthony Ha
Anthony is VentureBeat's assistant editor, as well as its reporter on enterprise technology, cloud computing, and tech policy. Before joining VentureBeat in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. You can also follow Anthony on Twitter.