Pulse2 Technology and Social Media News » China Martens http://pulse2.com Sat, 26 May 2012 21:27:32 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Salesforce.com President Steve Cakebread Quits And Joins Xactly http://pulse2.com/2009/02/12/salesforcecom-president-steve-cakebread-quits-and-joins-xactly/ http://pulse2.com/2009/02/12/salesforcecom-president-steve-cakebread-quits-and-joins-xactly/#comments Thu, 12 Feb 2009 06:33:38 +0000 Amit Chowdhry http://pulse2.com/?p=10479 Continue reading →]]> Steve Cakebread recently left salesforce.com (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.

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