Deals

Sales management company Xactly raises $30M

Xactly, a San Jose-based maker of sales compensation management software, has raised another $30 million round of funding.

The company’s flagship product, Xactly Intent, allows companies to design, implement, manage, audit and optomize sales compensation management programs. When the company raised $15 million last year, chief exective Christopher Cabrera told us that Xactly differs from competitors like Callidus Software and Centive by being more affordable and serving mid-market customers.

The round includes new investors Glynn Capital Management and Cheyenne Capital. Xactly’s product roadmap includes releasing a new module for quota and territory management by the end of 2008.