Wednesday, April 30, 2008

Xactly Raises $30M

San Jose-based Xactly said Wednesday that it has raised $30M in additional funding. The funding came from Glynn Capital Management and Cheyenne Partners, along with existing investors. According to Xactly, the deal included both equity and a revolving credit facility. Xactly develops software-as-a-service for managing sales performance. The company said the funding will go towards expansion in North America and EMA, along with sales and marketing. It's almost exactly one year since the firm raised a $15M Series C funding, in April of 2007. More information »