Sales compensation manager Xactly raises $7.5M more

Xactly, a software company for management of sales performance and compensation, has raised $7.5 million in a fifth round of funding. The San Jose, Calif.-based company is looking to raise a total of $12.5 million, according to a filing with the SEC. In June, Xactly launched Xactly Express, a product that allows employees to communicate in real-time, on’s ChatterExchange platform.

Founded in 2005, the company has previously raised $60 million in funding, and Xactly bought its competitor Centive in 2009. Backers include Rembrandt Venture Partners, Bay Partners, Illuminate Ventures, Alloy Ventures and Key Venture Partners.