September 22, 2017 7:47 PM ET

Internet Software and Services

Company Overview of Xactly Corporation

Company Overview

Xactly Corporation provides cloud-based incentive compensation solutions for employee and sales performance management in the United States and the United Kingdom. The company offers Xactly Incent Enterprise, which helps large enterprise and mid-market companies manage the critical elements of incentive compensation; Xactly Incent Express, an incentive compensation solution for companies with fewer than 350 employees; and Xactly Objectives, a solution for sales and non-sales personnel, allowing managers and employees to collaboratively track and achieve individual and shared goals. It also provides Xactly Territories, which helps companies to manage sales team alignment by assigning individu...

300 Park Avenue

Suite 1700

San Jose, CA 95110

United States

Founded in 2005

450 Employees

Phone:

408-977-3132

Fax:

408-292-1153

Key Executives for Xactly Corporation

Founder, CEO & Executive Director
Age: 50
President and Chief Operating Officer
Age: 62
Chief Financial Officer, Treasurer and Assistant Secretary
Age: 57
Chief Technology Officer and Senior Vice President of Engineering
Age: 55
Chief Customer Officer
Age: 46
Compensation as of Fiscal Year 2017.

Xactly Corporation Key Developments

Xactly Corporation Files Form 15

Xactly Corporation has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock, par value $0.001 per share under the Securities Exchange Act of 1934, as amended.

Xactly Corporation Announces Management Changes

Xactly Corporation announced that On July 31, 2017, pursuant to the terms of an Agreement and Plan of Merger, dated as of May 29, 2017, as amended on June 20, 2017 (the Merger Agreement), by and among Excalibur Parent, LLC, a Delaware limited liability company (Parent), Excalibur Merger Sub Inc. a Delaware corporation and wholly owned subsidiary of Parent (Merger Sub), and Xactly Corporation (Xactly or the Company), Parent completed the merger, with the Company continuing as the surviving corporation in the merger and becoming a wholly owned subsidiary of Parent (the Merger). Parent and Merger Sub were formed by affiliates of Vista Equity Partners Fund VI, L.P., a Cayman Islands exempted limited partnership. Capitalized terms used herein but not otherwise defined have the meaning set forth in the Merger Agreement. Effective upon completion of the Merger, the following persons, who were the directors of Merger Sub, became directors of the Company: Brian N. Sheth, Christian B. Sowul, and Jeff Wilson. Christopher W. Cabrera, who was a director of the Company immediately prior to the Merger, will continue to be a director of the Company. The following persons, who were directors of the Company prior to the completion of the Merger, are no longer directors of the Company: Earl E. Fry, Scott A. McGregor, Carol G. Mills, Gerald S. Casilli, Neal Dempsey and Lauren P. Flaherty. Effective upon completion of the Merger, the following persons, who were the officers of Merger Sub, became officers of the Company: Brian N. Sheth, Christian B. Sowul and Jeff Wilson. Christopher W. Cabrera, Joseph C. Consul and L. Evan Ellis, Jr., who were officers of the Company immediately prior to the Merger, will continue to be officers of the Company.

Xactly Corporation Requests NYSE To File Form 25 With SEC To Delist And Deregister Shares

On July 31, 2017, pursuant to the terms of an Agreement and Plan of Merger, dated as of May 29, 2017, as amended on June 20, 2017, by and among Excalibur Parent, LLC, a Delaware limited liability company (“Parent”), Excalibur Merger Sub, Inc. a Delaware corporation and wholly owned subsidiary of Parent (“Merger Sub”), and Xactly Corporation (the “Company”), Parent completed the merger, with the Company continuing as the surviving corporation in the merger and becoming a wholly owned subsidiary of Parent (the “Merger”). Parent and Merger Sub were formed by affiliates of Vista Equity Partners Fund VI, L.P., a Cayman Islands exempted limited partnership. Capitalized terms used herein but not otherwise defined have the meaning set forth in the Merger Agreement. In connection with the closing of the Merger, the Company requested that NYSE file a Form 25 with the Securities and Exchange Commission (the “SEC”) to remove the Common Stock from listing on NYSE and to deregister the Company Common Stock pursuant to Section 12(b) of the Securities Exchange Act of 1934, as amended.

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