Xactly Corporation Selected as Top Software Innovator by Sand Hill Group
Xactly CEO Christopher Cabrera to Present at Software 2007 Among 25 Innovation Software Showcase Winners
SAN FRANCISCO, April 11 / -- Xactly Corporation (http://www.xactlycorp.com/), the market leader in on-demand sales compensation management and an innovator in on-demand sales performance management, today announced it was selected by Sand Hill Group for the Innovation Showcase, which spotlights innovators in the enterprise software industry. Xactly founder, president and CEO Christopher W. Cabrera will present in the Innovation Showcase Theater at Software 2007.
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CMP Technology's Software 2007 theme is "Powered by Innovation" and will be held at the Santa Clara Convention Center on May 8 - 9, 2007. In its fourth year, Software 2007 is expected to attract more than 2,000 software CEOs, VPs, CIOs, venture capitalists, private equity partners, investment bankers, press and analysts, and industry professionals.
"This year's Innovation Showcase winners illustrate that innovation is alive and well in the software space," said M.R. Rangaswami, Sand Hill Group co-founder and Software 2007 executive conference director. "Xactly represents one of 25 innovative companies that we believe will play a notable role in the software ecosystem."
Xactly was selected in the Software-as-a-Service Innovation Showcase category. Software-as-as-Service is being widely adopted by customers and Sand Hill Group believes there will be several new players in this space. Innovation Showcase winners in this category represent the next generation of pioneers that are filling out the suite of Software-as-a-Service applications across critical business divisions. Xactly is delivering on-demand sales compensation and sales performance management solutions to a variety of companies in such diverse markets as software and technology, media and entertainment, manufacturing and distribution and telecom.
"Xactly takes great pride in being selected as part of Software 2007's Innovation Showcase in the Software-as-a-Service category," said Christopher W. Cabrera, Xactly, founder, president and CEO. "Innovation is at the heart of who we are as a company -- with an unrelenting commitment to helping customers continually innovate, optimize and motivate sales to maximize profits. As a pure on-demand company, we've leveraged the software-as-a-service delivery model to be a disruptive force for positive change in the industry. Our focus on enabling companies to motivate sales and other variably paid personnel to sell more effectively while aligning performance to corporate goals is driving significant business performance improvements for our customers."
"Xactly is representative of a new breed of innovative software companies that are 100-percent committed to the on-demand business model and by doing so are delivering the power and benefits of enterprise level applications to mid- market companies," said Mark Smith, Ventana Research, CEO and executive vice president of research. "Xactly's sales performance management applications deliver value by automating and integrating the critical business processes at the strategic intersection between sales and finance. Xactly is a key vendor pioneering the on-demand sales compensation management market and is now extending its leadership to a large, emerging sales performance management market."
According to Smith, the market forecast for sales performance management which includes operations and performance centric sales solutions along with sales force automation and is expected to reach US $13.5 billion by 2010.
Historically, for lack of a better solution, companies typically resorted to spreadsheet-based solutions to manage sales compensation and sales performance management. While spreadsheets do a good job at straight-forward calculations, they are known to contain high error rates, lack the ability to effectively share real-time incentive performance with the sales force and sales and finance management and do not provide an adequate audit trail as required by Sarbanes-Oxley compliance requirements. Today, using Xactly's sales compensation and sales performance management solutions, companies can now afford an automated approach that helps drive and align behavior with corporate objectives while helping maximize profits.
Xactly is the first and only company completely focused on delivering a pure on-demand sales compensation management solution. It is also the first and only company to deliver a SAS 70 certified true multi-tenant sales compensation management solution in a SAS 70 certified environment. This single-minded approach enables Xactly to minimize hardware and software infrastructure costs -- savings that are then passed on to customers - and accelerate the process by which it delivers new features and functionality.
About Sand Hill Group
Sand Hill Group serves the $600+ billion software, services and solutions market by providing investment and management advice to emerging enterprise technology leaders. Sand Hill also owns Sandhill.com -- the premier destination site and resource center for CEOs, VPs, Entrepreneurs, VCs and for members of the software industry ecosystem. Its weekly electronic newsletter is read by thousands of executives. Sand Hill produces the 'Enterprise' and 'Software' conferences for CEOs and executives in the industry and creates high-impact research reports for its constituents.
About Xactly Corporation
Xactly Corporation is the market leader in on-demand sales compensation management and an innovator in on-demand sales performance management. The company's flagship product, Xactly Incent, enables sales and finance executives to design, implement, manage, audit and optimize sales compensation management programs easily and affordably. Xactly's solutions automate the process of aggregating data from disparate systems into a secure, hosted repository and enable companies to leverage this business data which is the lifeblood of sales performance management. Xactly helps companies improve operational performance, optimize sales effectiveness, proactively manage risk and compliance and maximize profits. The Xactly family of products is used by sales and finance executives, compensation analysts, sales operations and sales professionals in medium-sized enterprises across a variety of industries. For more information, visit www.xactlycorp.com/ or call 1- 866-GO-XACTLY.
Media Contacts:
Dan Rampe
Xactly Corporation
Tel: 408-200-0610
Email: drampe@xactlycorp.com
Kristin Reeves
Blanc & Otus Public Relations
Tel: 415-856-5145
Email: kreeves@blancandotus.com
Xactly, "Incent right. Sell more.," and Xactly Incent are trademarks or registered trademarks of Xactly Corporation. All other trademarks are the property of their respective owners.
Source: Xactly Corporation
Web site: www.xactlycorp.com/
