NYSE: XTLY $ 15.61 +0.00 +0%

Press Releases

Xactly is active in the news, and releases informative and engaging press releases regularly. Check back here to get the latest press updates, important Xactly information, and critical business news for Investors.

DateHeadlineDownload
June 27, 2017
Xactly Named Top Workplace by Bay Area News Group for the 5th Time
Company Recognized for its Vibrant Culture and Inspired Employees Xactly, (NYSE:XTLY) a leading provider of cloud-based incentive solutions, has been recognized as a Top Workplace by Bay Area News Group for the fifth time. Xactly was noted for its high workplace satisfaction and unique culture that inspires and rewards employees for doing great work. The companies listed are chosen solely on surveys about the workplace completed by their own employees. Xactly has received more than a dozen best or top workplace recognitions, demonstrating a stand out culture that is deep-rooted in the company’s DNA. “Creating an energized culture in today’s workplace is imperative,” said Christopher W. Cabrera, founder and CEO of Xactly. “We have always endeavored to maintain a culture where employees are empowered to learn, grow and push beyond their personal boundaries – while having some fun doing it. Our employees' dedication and passion to our company, customers and each other continues to...
June 20, 2017
Xactly Powers Compliance for New Commission Expense Accounting Requirements Under ASC 606
Delivers Solution to Capture, Track, Record, and Report Commission Data at Level Needed under New Guidelines Xactly (NYSE:XTLY), a leading provider of cloud-based incentive solutions, today announced the general availability of the Xactly Commission Expense Accounting (CEA) solution to power compliance with new expense capitalization requirements for commissions under the Revenue Recognition Standard ASC 606 and IFRS15. Xactly CEA gives businesses an end-to-end solution to capture, track, record, and report commission data at the level needed for capitalizing commission expenses in accordance with the new guidelines. Using Xactly CEA, companies have the flexibility to report commission expenses based on their specific needs to smoothly transition to the new standard, ensure GAAP compliance, and seamlessly integrate commission data with existing financial systems. “With the new standard, many companies will need to change the way they track and expense commissions – and spreadsheets...
May 30, 2017
Xactly Announces Preliminary Financial Results for First Quarter Fiscal 2018
Xactly (NYSE:XTLY), a leading provider of cloud-based incentive solutions, today provided preliminary financial results for the first quarter fiscal 2018 ended April 30, 2017 . For the first quarter fiscal 2018, total revenue is expected to be approximately $24.6 million and subscription revenue is expected to be approximately $19.5 million. Calculated billings are expected to be in the range of $25.3 million to $25.5 million for the quarter. GAAP net loss is expected to be in the range of $(4.6) to $(4.4) million, or $(0.15) to $(0.14) per share. Non-GAAP net loss is expected to be in the range of $(1.9) million to $(1.7) million, or $(0.06) to $(0.05) per share. Adjusted EBITDA loss is expected to be in the range of $(0.6) million to $(0.4) million. In a separate press release issued today, Xactly announced that it has entered into a definitive agreement to be acquired by affiliates of Vista Equity Partners . The company will report its fiscal 2018 first quarter...
May 30, 2017
Xactly Enters Into Definitive Agreement to be Acquired by Vista Equity Partners
Xactly (NYSE: XTLY), a leading provider of cloud-based incentive solutions, today announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners (“Vista”), a leading private equity firm focused on investments in software, data and technology-enabled businesses. Under the terms of the agreement, affiliates of Vista will acquire all outstanding shares of Xactly common stock for a total value of approximately $564 million. Xactly stockholders will receive $15.65 in cash per share, representing an approximately 17% premium to the closing price as of May 26, 2017 and an approximately 31% premium compared to the 3-month volume weighted average price of Xactly’s common stock. “This announcement represents a very positive event for our stockholders and enables Xactly to build upon its successful 12-year history,” said Christopher W. Cabrera , founder and CEO of Xactly Corporation . “We are confident that Vista is the ideal partner to accelerate our growth...
May 26, 2017
Xactly to Report First Quarter Fiscal 2018 Financial Results on June 8, 2017
Xactly (NYSE:XTLY), a leading provider of cloud-based incentive solutions, today announced that it will release financial results for the first quarter fiscal 2018 ended April 30, 2017 following the close of the market on Thursday, June 8, 2017 . The Company will host a corresponding conference call and live webcast at 1:30 p.m. Pacific Time on that day. Investors may listen to the live conference call (ID 2995312) by dialing 888-455-2238 or 719-457-2679 at 1:30 p.m. Pacific Time on June 8, 2017. An audio replay of the call will be available at 4:30 p.m. Pacific Time on June 8, 2017 through 4:30 p.m. Pacific Time on June 22, 2017 by calling 888-203-1112 or 719-457-0820 with ID 2995312. A webcast of the presentation will be available on the company’s investor relations website at http://investors.xactlycorp.com/investors/overview/default.aspx . About Xactly Headquartered in San Jose, California , Xactly (NYSE: XTLY), is a leading provider of enterprise-class, cloud-based, incentive...
May 17, 2017
Xactly to Present at J.P. Morgan 45th Annual Technology, Media and Telecom Conference
Xactly , ( NYSE:XTLY ), a leading provider of cloud-based incentive solutions, today announced that management will present at the J.P. Morgan 45th Annual Technology, Media and Telecom Conference in Boston, MA on Tuesday, May 23, 2017 at 10:00 AM ET . A webcast of the presentation will be available on the company’s investor relations website at http://investors.xactlycorp.com/investors/overview/default.aspx. About Xactly Headquartered in San Jose, California, Xactly (NYSE: XTLY), is a leading provider of enterprise-class, cloud-based, incentive compensation solutions for employee and sales performance management. Named a leader in Gartner’s Magic Quadrant for Sales Performance Management software, Xactly addresses a critical business need to incentivize employees and align their behaviors with company goals. Our products allow organizations to make more strategic decisions, increase employee performance, improve margins, and mitigate risk. Our core values are key to our success, and...
May 17, 2017
Customers Unlock the Power and Potential of Their Data with Xactly Connect
New capabilities provide seamless integration between systems, including Pre-Built API Integration with Workday, New JDBC Driver Support and New Xactly Connect UI COMPCLOUD 2017 - Xactly, (NYSE:XTLY) a leading provider of cloud-based incentive solutions, unveiled the new face of Xactly Connect™ today. The new user interface (UI) enables customers and partners to easily schedule and move data seamlessly between Xactly Incent™ software and their broader application ecosystem. With a new pre-built API integration with Workday, and added JDBC driver capabilities for Connect, customers gain the agility and visibility to easily integrate data and automate their incentive compensation processes. Xactly Connect is one of the fastest growing offerings in Xactly’s suite of SPM solutions. Customers and partners are using it to create hundreds of data integrations between Xactly and their other critical applications, including Salesforce CRM and on-premise ERP systems. “For companies to be...
May 17, 2017
Xactly to Open New EU Data Center to Support Global Growth
Customer Demand for Leading Sales Performance Management Solutions Fuels International Expansion SALESFORCE WORLD TOUR – Xactly, (NYSE:XTLY) a leading provider of cloud-based incentive solutions, today announced its first EU data center. The expansion is the result of Xactly’s customer growth and demand in the region for its game changing sales performance management solutions. Located in Germany, the Xactly EU data center is expected to come online in December 2017. “The opening of our first EU data center underscores our commitment to serving the needs of our global customer base,” said Evan Ellis , President and COO at Xactly . “The new data center will provide our customers the in-region security, availability and reliability they require, while enabling them to optimize how they motivate and drive sales performance.” Since Xactly entered the EMEA market over five years ago, the company continues to see widespread customer adoption, and expansion across the region. Customers...
May 16, 2017
Xactly Delivers Industry’s First DIY Automated Compensation Software
Xactly SimplyComp Gives Sales Teams with up to 25 Reps Do-It-Yourself Functionality to Easily Build and Administer Incentive Compensation Plans CompCloud –– Xactly ( NYSE:XTLY ), a leading provider of cloud-based incentive solutions, today announced Xactly SimplyComp™ — the industry’s first do-it-yourself (DIY), automated incentive compensation software designed specifically for sales teams with up to 25 sales reps. With the look-and-feel familiarity of a spreadsheet, Xactly SimplyComp software can be self-implemented in minutes. Businesses can set up plans fast using DIY functionality that includes templates based on best practices gleaned from tens of thousands of incentive plans. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170516005634/en/ Xactly SimplyComp (Graphic: Business Wire) “The announcement of Xactly SimplyComp is a game changer for businesses with growing sales teams – giving them easy access to an...
May 16, 2017
Xactly Announces Next Generation of Xactly Insights™- Delivers Critical Knowledge to Sales Leaders
Prescriptive Analytics and Sales Performance Insights Empower Leaders to Drive Greater Sales Success CompCloud––Xactly (NYSE: XTLY), a leading provider of cloud-based incentive solutions, today announced the next generation of Xactly Insights – Xactly Insights for Sales – empowering sales leaders to accelerate their team performance with incentive intelligence. Now for the first time, these executives will have a cohesive view of performance across the entire organization with prescribed courses of action to adjust behaviors. These insights are based on machine learning derived from over 12 years of incentive compensation pay and performance data. “The benchmarking data and analytics that we’re providing in Xactly Insights for Sales gives managers visibility into key sales intelligence that they’ve never had before in a single, centralized location,” said Christopher W. Cabrera , founder and CEO of Xactly Corporation . “With prescriptive analytics driven by applied machine learning,...
May 4, 2017
Xactly Recognized as a Top Ten Best Workplace in the Bay Area
Company Recognized by Fortune Magazine and Great Place to Work® for Providing Employees a Strong Culture that Supports Growth and Success Xactly, (NYSE:XTLY) a leading provider of cloud-based incentive solutions, has been recognized as one of the top ten small and medium-sized workplaces in the Bay Area by Great Place to Work® and Fortune Magazine. The distinction recognizes companies whose culture fosters growth, supports a healthy work-life balance and enables employees to feel inspired and valued, while doing great work. Other companies noted in the category include Etsy, Intacct, GoFundMe, Zendesk and Atlassian. “Preserving a culture that inspires and supports our employees to do their best work is critical to our success,” said Evan Ellis , President and COO of Xactly . “Our team brings a passion for excellence, creative thinking and team work that constantly amazes me. They continue to make Xactly a stand-out place to work and I thank them for the tireless effort and enthusiasm...
April 11, 2017
Xactly Provides ITRS Group an Intelligent Solution for Managing Incentive Compensation
Xactly SPM Software and Salesforce CPQ Deliver Actionable Insights and Tools Needed to Optimize Sales Plans and Performance Xactly (NYSE:XTLY), a leading provider of cloud-based incentive solutions, today announced that ITRS Group, a leading provider of real-time monitoring and analytics software for financial services businesses, has selected Xactly to optimize its incentive compensation. Integrated with Salesforce CPQ, Xactly gives ITRS an intelligent and automated solution to build and manage incentive compensation plans to drive higher sales performance. “Xactly and Salesforce demonstrated a clear understanding of our business needs and a committed partnership that set them apart from the competition,” said James Greenwood , Head of Business Services, ITRS. “Using these systems in tandem will help our reps around the world gain the information they need to perform better and more efficiently, while providing finance the tools we need to create and drive more effective sales...
April 5, 2017
Survey Finds the Need for Professional Development and Better Pay are the Top Reasons Sales Reps Leave Their Jobs
New Research from the Sales Management Association Uncovers Need for Better Sales Onboarding, Coaching, and Training Processes Xactly (NYSE:XTLY), a leading provider of cloud-based incentive solutions, today announced new research highlighting the need for businesses to increase their sales coaching, training, and development to lower rep turnover and raise performance. Conducted by the Sales Management Association and sponsored by Xactly, the survey found that inadequate professional development and better paying opportunities are the top two reasons that reps voluntarily leave jobs. “The survey findings validate that you need more than compensation to attract, retain, and keep your sales reps performing successfully,” said Steve De Marco , VP Worldwide Sales and Alliances for Xactly Corporation . “While compensation remains a priority, today’s companies must also invest in the professional development of their salespeople to reduce sales turnover and get reps to productivity...
April 3, 2017
Xactly Named a Leader in Gartner Magic Quadrant for Sales Performance Management
Company recognized four consecutive times for its completeness of vision and ability to execute Xactly (NYSE:XTLY), a leading provider of cloud-based incentive solutions, today announced that it has been positioned in the leaders quadrant of the 2017 Gartner Magic Quadrant for Sales Performance Management1 report. Gartner positions vendors within a particular quadrant based on their ability to execute and completeness of vision. Xactly has been named among leaders every year since the report’s inception. Gartner views Sales Performance Management as a “suite of operational and analytical functions that automate and unite back-office operational sales processes.” The report adds “SPM accelerates representatives’ time to value by providing real-time visibility into pay and performance as well as opportunity estimation, thus enabling more accurate forecasting” and notes that by “2020, 25% of organizations using a sales performance management (SPM) solution will optimize the design and...
March 28, 2017
Nexthink Gains Better Sales Compensation Efficiency with Xactly
End-user Experience Management Software Provider Connects Xactly and Salesforce to Improve Compensation Management and Visibility Xactly ( NYSE: XTLY ), a leading provider of cloud-based incentive solutions, today announced that Nexthink, a leader in end-user experience management software, has chosen Xactly to modernize its sales compensation. With Xactly , the company will be able to seamlessly and securely integrate its compensation data with Salesforce, speeding sales compensation payments while providing reps better visibility into their deals. “Xactly is well known as a compensation expert and came highly recommended from both internal team members, as well as our VC partner,” said Gilles Dagier-Joncour, Head of Sales Operations, Nexthink. “While their technology sets them apart, we were equally impressed with the commitment they have shown throughout our engagement.” Nexthink is a privately-held company headquartered in Lausanne, Switzerland , with operations in the US, Europe...
March 14, 2017
Xactly Receives Industry Accolades for Technology Innovation and Thriving Company Culture
Company Named a CRM Watchlist Winner, Honored with 2017 Gold Stevie Award for Product Innovation and Included in Fortune’s 30 Best Workplaces in Technology Xactly (NYSE: XTLY), a leading provider of cloud-based incentive solutions, continues to be recognized for its leading workplace culture, vision and innovative technology. Xactly announced today the company has been honored with three industry awards: 2017 CRM Watchlist : Xactly was named a winner in the 2017 CRM Watchlist for the fifth straight year. The CRM Watchlist recognizes the most relevant and strategic vendors that are “making a major impression on a market and actually changing or strengthening that market by its presence.” 2017 Gold Stevie Award : Xactly’s flagship sales performance management platform, Xactly Incent ® won the 2017 Gold Stevie Award in the Incentive Management Solution – New Version – category in the 11 th annual Stevie Awards for Sales & Customer Service . The Stevie Awards are the world’s top...
March 8, 2017
Xactly Reports Fourth Quarter and Full Year Fiscal 2017 Financial Results
Fiscal 2017 Revenue Grows 26% Year Over Year Achieves Positive Cash Flow from Operations of $1.5 million in Q4 Xactly , ( NYSE:XTLY ), a leading provider of cloud-based incentive solutions , today announced its financial results for the fourth quarter and fiscal year ended January 31, 2017 . “Fiscal 2017 was another strong year for Xactly, and we exited the year with one of the best quarters ever,” said Christopher W. Cabrera, founder and CEO of Xactly Corporation. “Companies turn to Xactly for sales performance management because we have an unmatched combination of data, technology and experience. In Q4 we delivered record total revenue and gross margins and experienced an exceptional win rate. Looking forward, we believe the tremendous opportunity in the incentive compensation market, combined with our differentiated product offering and proven ability to innovate, will continue to fuel Xactly’s long term growth.” “In the fourth quarter we drove solid topline results while achieving...
March 7, 2017
ICAEW Chooses Xactly to Align Finance and Sales on Incentive Compensation
Global Financial Organization Increased Visibility into Compensation Costs and Effectiveness with Xactly Xactly (NYSE:XTLY), a leading provider of cloud-based incentive solutions, today announced that the ICAEW has chosen Xactly’s sales performance management (SPM) software to upgrade its existing compensation processes. The ICAEW, a financial professional organization with 147,000 members worldwide, selected Xactly to: improve compensation process efficiencies; motivate sales performance and increase alignment between finance and sales on incentive compensation. “No organization probably knows better than the ICAEW the importance of increasing alignment between sales and finance,” said Evan Ellis , President and COO of Xactly Corporation . “By providing real time numbers on sales and commissions, the Commercial finance team can improve forecasting and decision making. Additionally, this insight allows managers and the finance functions to gain a better understanding of how variable...
February 28, 2017
Xactly Expands EMEA Presence with Key Customer Wins in Nordic Region
Companies Choose Xactly’s Sales Performance Management Software to Streamline and Accelerate Business Processes Xactly (NYSE:XTLY), a leading provider of cloud-based incentive solutions, today announced that the company is expanding its EMEA presence with growing customer momentum in the Nordic Region. Less than five years after opening its European headquarters in London, Xactly continues to experience growth in its customer base in the EMEA market. Among the new customers announced today are: Comptel DNA Oyj DNV GL Snow Software “The need for fast, accurate and effectiv e sales compensation is universal,” said Evan Ellis , President and COO of Xactly Corporation . “Xactly is excited to welcome these leading technology and telecommunications companies as customers in EMEA. We look forward to working together to optimize their sales compensation processes and build greater success for their businesses.” By providing comprehensive insights into compensation spending organization-wide,...
February 15, 2017
Xactly to Report Fourth Quarter and Full Year Fiscal 2017 Financial Results on March 8, 2017
Xactly ( NYSE: XTLY ), a leading provider of cloud-based incentive solutions, today announced that it will release financial results for the fourth quarter and full year fiscal 2017 ended January 31, 2017 following the close of the market on Wednesday, March 8, 2017. The Company will host a corresponding conference call and live webcast at 1:30 p.m. Pacific Time on that day. Investors may listen to the live conference call (ID 5098557) by dialing 877-627-6581 or 719-325-4762 at 1:30 p.m. Pacific Time on March 8, 2017. An audio replay of the call will be available at 4:30 p.m. Pacific Time on March 8, 2017 through 4:30 p.m. Pacific Time on March 22, 2017. The replay dial information will be provided when registered here. A webcast of the presentation will be available on the company’s investor relations website at http://investors.xactlycorp.com/investors/overview/default.aspx . About Xactly Headquartered in San Jose, California , Xactly (NYSE: XTLY), is a leading provider of...
February 7, 2017
Taulia Selects Xactly, Unites Systems to Create Single Source of Trusted Data for Compensation Information
Aligns Sales and Finance, Allows Financial Supply Chain Provider to Easily Scale with Worldwide Expansion Xactly (NYSE: XTLY), a leading provider of cloud-based incentive solutions, today announced that Taulia, a financial supply chain solutions provider, has chosen Xactly to scale with its growing, global organization. As Taulia continues to grow, the organization selected Xactly’s sales performance management software to provide one location to access all compensation data. This master system of data management will enable all departments to make strategic decisions and act based on a “single source of truth” as their sales team expands around the world. “It’s a competitive market in terms of retaining top talent, and one of the ways to do this is to ensure sales compensation is on par or exceeding industry standards,” said Akta Sheth , Director of Sales Strategy, Taulia. “Xactly's solution will help us easily align sales reps’ plans to our overall company goals, while giving our...
January 31, 2017
Lewan Technology Streamlines Compensation Process with Xactly
Integrating Xactly with Salesforce Gives Lewan Technology a Centralized Source for Compensation Data Xactly (NYSE:XTLY), a leading provider of cloud-based incentive solutions, today announced that Lewan Technology, a comprehensive managed IT services, business technology solutions, and print management provider, has chosen Xactly to drive more strategic sales performance. As Xactly software integrates nearly seamlessly with Salesforce CRM, management and sales reps will now have a centralized system of record for all of their critical compensation information. “We chose Xactly for its ability to give us a single source of compensation data, as well as integration with our existing business systems. The improved real-time visibility will enhance communication between various departments within the organization,” said Barbara Johnson, CFO, Lewan Technology. Register today for CompCloud 2017, the premier incentive compensation and sales performance event of the year, #inspireamazing...
January 18, 2017
Xactly Introduces Commission Expense Forecasting Solution for Finance
Visibility into Compensation Spending Lets Finance Leaders Improve Forecasting Accuracy Xactly (NYSE:XTLY), a leading provider of cloud-based incentive solutions, today introduced Xactly’s Commission Expense Forecasting Solution, giving finance leaders increased insight into their organization’s commission expense spending. With timely and on-demand visibility, the new offering provides the capability to forecast commission expenses, allowing companies to mitigate the risk of material weaknesses, and generate and refine accurate accruals. “Without confidence in your forecasts, it’s impossible to strategically plan for the business,” said Joe Consul, Chief Financial Officer for Xactly Corporation . “With this new offering, Xactly enables finance leaders to forecast and adapt to a changing business environment in near real-time.” Xactly Increases Accuracy of Commission Expense Forecasting Accurate accruals are critical to the financial operations of any company. Without knowledge and...
January 3, 2017
Xactly to Present at 19th Annual Needham Growth Conference
Xactly ( NYSE:XTLY ), a leading provider of cloud-based incentive solutions, announced today that management will present at the 19 th Annual Needham Growth Conference in New York, NY on Tuesday, January 10, 2017 at 2:50 PM EST . A webcast of the presentation will be available on the company’s investor relations website at http://investors.xactlycorp.com/investors/overview/default.aspx. About Xactly Xactly is a leading provider of enterprise-class, cloud-based, incentive compensation solutions for employee and sales performance management. We address a critical business need: To incentivize employees and align their behaviors with company goals. Our products allow organizations to make more strategic decisions, increase employee performance, improve margins, and mitigate risk. Our core values are key to our success, and each day we’re committed to upholding them by delivering the best we can to our customers. ©2017 Xactly Corporation. All rights reserved. Xactly, the Xactly logo,...

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