Further highlighting its phenomenal customer and company growth, Xactly has been named to The Wall Street Journal’s “The Next Big Thing” list for the second consecutive year. The list seeks to identify and rank venture-backed companies across all industries that have the capital, executive experience and investor know-how to succeed. Xactly was selected from a pool of nearly 6,000 companies and ranked based on proprietary data from Dow Jones VentureSource and input from Dow Jones VentureWire’s reporters and editors.
“Venture capital investors aren’t just looking for successful companies; they are looking for explosive growth,” said Alan Murray, deputy managing editor of The Wall Street Journal. “The Next Big Thing list highlights companies that have a chance of providing that kind of growth. They aren’t sure bets; they are high-risk but potentially high-reward enterprises.”
Xactly (xactlycorp.com), the pioneer in SaaS based compensation and performance management solutions, continues to lead the market in delivering customers of all sizes with motivation enhancing technology that drives better business alignment and efficiencies for more strategic selling behavior that is in-line with corporate objectives. For the first half of fiscal year 2013, Xactly realized record customer growth, especially in organizations with more than 100 payees, as new accounts grew by 60 percent over the previous year. In addition, new payees using Xactly technology also rose by 93 percent in the same time period.
“Quarter after quarter Xactly continues to deliver stellar corporate and customer growth, while staying true to our mission of delivering great products and exceptional customercare,” said Christopher Cabrera, president and CEO, Xactly Corporation. “Being named to The Wall Street Journal’s The Next Big Thing list for the second year in a row is further proof that our customers, employees and venture capital partners believe in the company and the market potential for cloud-based sales performance management solutions that can drive and motivate better selling behavior and results.”
The Next Big Thing is an annual ranking published by The Wall Street Journal. To be eligible for the ranking, a company must be based in the U.S., have raised an equity round of financing in the three years ended June 30, 2012 and have a valuation of $1 billion or less. The ranking was calculated by applying a set of four financial criteria: the track records of success for both a company’s founders and management; track records for the investors on its board; the amount of capital raised in the last three years; and the percentage change in a company’s valuation in the last year. Dow Jones VentureWire reporters and editors also provided their perspective and expertise beyond the numbers.