President Steve Cakebread Quits And Joins Xactly

Steve Cakebread recently left (NYSE:CRM) as President to join a rival company called Xactly.  Cakebread will be working as the CFO and administrative officer of Xactly.  Xactly creates software for managing compensation of sales representatives.

This will be quite a change for Cakebread as he is moving from the head of a large public company to a smaller, private company.  Cakebread joins Xactly at a time when they made their first major acquisition–Centive.

“In a nice market, you would think this is a company headed to an IPO,” stated China Martens, an analyst with 451 Group. “So it’s very interesting they’d hire a guy who took Salesforce public and took Salesforce through acquisitions of increasing size.”

Xactly is based in San Jose, Calif.  Their client list includes PayPal and Pep Boys.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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