Tuesday, May 30, 2017

Vista Equity Partners Acquires Xactly For $564M

Austin-based private equity investor Vista Equity Partners is acquiring another big cloud-based software developer this morning. Vista Equity Partners is buying Silicon Valley-based Xactly, a developer of cloud-based software used for incentive compensation management. According to Xactly, affiliates of Vita Equity will acquire all of its outstanding shares for a value of approximately $564M, or $15.65 in cash per share. The companies said that Xactly's headquarters will remain in San Jose, California.