Xactly Corp (NYSE: XTLY) was founded in 2005, headquartered in San Jose, California, USA, with 333 full-time employees (1/31/2015). It is a SaaS (software as a service) company that provides cloud-based enterprise-level employees and sales Performance management incentive compensation solutions.
On May 30, 2017, Xactly Corp. agreed to be acquired and privatized by private equity firm Vista Equity Partners.
Xactly Corp (XTLY):
Xactly is a company limited by shares established in Delaware in 2005. It provides enterprise-level performance incentive compensation solutions based on cloud computing to address key business needs: motivate employees and adjust employee behavior to be consistent with the company’s goals. Complete performance.
Xactly’s solutions help companies make better strategic decisions, optimize behavior, increase sales and employee performance, increase profits, improve operational efficiency, reduce risks, design better incentive compensation plans, and reduce the rate of error in incentive compensation calculations.
Xactly is the first 100% cloud-based company in the industry to focus solely on incentive compensation and employee & sales performance management markets. The company achieves its industry leadership through professional domain knowledge and innovative technologies.
The design and management of salary incentives are often very complicated. Traditional systems such as electronic forms, manual records and general self-developed systems are not sufficient to cope with the complexities associated with variable forms of compensation, such as commissions, bonuses and non-cash rewards. According to Aon Hewitt According to statistics from Hewitt, the budget and expenditure of variable compensation have nearly doubled in the past 20 years.
After 10 years of development, Xactly has achieved remarkable results. As of January 31, 2015, Xactly had approximately 194,000 users, an increase of approximately 39% from 140,000 in the same period last year (January 31, 2014). As of January 31, 2015, XTLY had approximately 725 customers, of which 54% were enterprises and mid-market companies, accounting for 91% of revenue.
Xactly Corp (XTLY) adjustments:
Xactly submitted its prospectus on 5/19/2015, and listed on the NYSE on 6/26/2015 IPO, with an issue price of US$8, issuing 7,037,500 shares and raising US$56.3 million. Stock code: XTLY.
The company was acquired and has been delisted.