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Xactly Corp., a provider of sales compensation & performance management software acquired rival company Centive Inc. The transaction was undisclosed. Christopher Cabrera, president and CEO of Xactly Corporation said:

Like Xactly, Centive is a 100-percent on-demand sales compensation and sales performance management company with a strong customer base and solid product platformThe synergies of combining our companies will offer significant value to our customers, including a broad portfolio of purely on-demand SPM solutions, decades of domain expertise, an experienced partner ecosystem, and the long-term viability of a well-capitalized company.