Xactly Raises $7.5 Million

Amit Chowdhry — Tue, 13 Jul 2010 03:00:21 +0000

San Jose, California based company Xactly is a software company that has raised $7.5 million in funding. This is Xactly’s fifth round. Xactly plans to raise a total of $12.5 million according to an SEC filing.

This past June, Xactly launched Xactly Express, a service that allows employees to communicate in real-time on Salesforce.com’s ChatterExchange. Xactly was founded in 2005 and previously raised a total of $60 million.

[VentureBeat]

Salesforce.com President Steve Cakebread Quits And Joins Xactly

Amit Chowdhry — Thu, 12 Feb 2009 06:33:38 +0000

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.

Pulse2 Technology and Social Media News » Xactly

Xactly Raises $7.5 Million

Salesforce.com President Steve Cakebread Quits And Joins Xactly