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Vista Equity Partners Completes Acquisition of Xactly

SAN JOSE, Calif.--(BUSINESS WIRE)--Xactly (NYSE:XTLY), a leading provider of cloud-based incentive solutions, today announced that it has been acquired by Vista Equity Partners ("Vista"), a leading private equity firm focused on investments in software, data and technology-enabled businesses. The transaction, originally announced on May 30, 2017, was completed on July 31, 2017. Xactly's stockholders approved the acquisition on July 28, 2017.

“We see tremendous value in the cloud-based, performance management solutions that Xactly delivers to its customers”

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The acquisition - which combines Xactly's product and industry leadership with Vista's strategic and operational expertise for high-growth SaaS companies - begins the next phase of growth for Xactly, in which the company will continue to focus on innovation and thought leadership in cloud-based incentive compensation solutions.

“Twelve years ago, we set out on a mission to transform the way companies approach incentive compensation,” said Christopher W. Cabrera, founder and CEO of Xactly. “Joining Vista marks a significant milestone on our journey. Vista is the ideal partner to accelerate our growth initiatives while we...