Xactly Corporation, a San Jose, CA-based provider of on-demand sales performance management (SPM) solutions, has secured $12m in financing.
The round was led by Bridgescale Partners, with participation from existing investors Alloy Ventures, Bay Partners, Cheyenne Partners, Glynn Capital Management, Outlook Ventures, and Rembrandt Ventures, as well as new strategic investor salesforce.com.
The funds will be used to further extend the company’s customer base and continue to develop its suite of products, which enables sales and finance executives to design, implement, manage, audit, and optimize sales compensation management programs. They include the Xactly Incent offering, a SaaS-based incentive compensation solution, Xactly Analytics and Xactly Express, a SPM solution dedicated to small to medium businesses.
Clients, among over 300 companies, include American Express, Blackboard, Cablevision, ClairMail, DHL, Dun & Bradstreet, GlobalEnglish, Halliburton, InsideView, Motorola, Perkin Elmer, salesforce.com, Time Warner Cable and Xerox.