Xactly Obtains $56,000,000 New Funding
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=484d5eb0-d7d4-4a2e-9874-eb5fede6b3c4 - Date
6/26/2015 - Company Name
Xactly - Mailing Address
300 Park Avenue San Jose, CA 95110 USA - Company Description
Xactly Corporation (NYSE: XTLY) delivers on-demand sales compensation applications that enable companies to incent right and sell more. - Website
http://www.xactlycorp.com - Transaction Type
IPO - Transaction Amount
$56,000,000 - Transaction Round
Undisclosed - Proceeds Purposes
The principal purposes of this offering are to increase our financial flexibility, improve brand awareness, create a public market for our common stock and facilitate our future access to the public capital markets. We expect to use the net proceeds that we will receive from this offering for working capital and other general corporate purposes. We may also use a portion of the net proceeds that we receive to acquire or invest in complementary businesses, products, services, technologies or other assets. However, we do not have agreements or commitments for any specific acquisitions or investments at this time. - M&A Terms
