Xactly Named Top Finalist in 2008 Codie Awards

Leading on-demand sales compensation management application chosen from among
more than 1,000 nominations

SAN JOSE, Calif., Feb. 13 /PRNewswire/ -- Xactly Corporation, the leader
in on-demand sales performance management, today announced it has been named a
finalist for the 2008 Codie Awards. Established in 1986 by the Software &
Information Industry Association (SIIA), the annual Codie Awards represent one
of the industry's premier recognitions of outstanding achievement and vision
in the software, digital information and education-technology industries. The
Xactly Incent on-demand application for sales compensation management was
named a top contender within the category of Best Financial Software Solution.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050906/SFF038LOGO)
"Xactly Incent stood out for me because in one of my first high-tech jobs,
I managed sales compensation for a good chunk of IBM. At the time, we largely
did it on Lotus 1-2-3. A lot of companies still do this on spreadsheets,"
said one 2008 Codie Award judge, Rob Enderle, president and principal analyst
with the Enderle Group. "If you've ever done sales compensation, you know what
a pain in the hindquarters it is. You've also learned that if you do it
poorly, you can sink the company."
Added Enderle, "Xactly Incent truly is based on a Software-as-a-Service
model, and isn't just a hosted piece of traditional software. In looking at
the offering, I was impressed that it appeared to address the concerns I had
when I managed compensation programs. Were I still doing that, it would be on
my short list. I'm suggesting that if your company manages compensation --
and odds are it does -- you should look at this offering as well."
Commented another judge in selecting finalists for this year's Codie
Award, "Xactly Incent is a nicely designed system with very powerful graphical
and data integration capabilities. Several features are impressive: The
drill-down capability from commission down to orders, the estimator that
allows a sales rep to look at his opportunities and figure out his potential
commission, and a modeling tool that allows you to model different plans still
using current data."
"Competition is tough this year, and that makes selection as a Codie
finalist a real achievement," said Ken Wash, SIIA president. "All the
companies on this year's list should feel justifiably proud of their
recognition."
"We're honored to receive such prestigious recognition for our flagship
Xactly Incent application from the Software & Information Industry Association
and its expert panel of judges, especially amongst such a vast group of worthy
nominees," said Christopher Cabrera, president and CEO, Xactly. "Our
commitment to product excellence ultimately helps our customers successfully
transform sales compensation management into an automated, more strategic
business process -- thereby increasing revenues and maximizing profits."
More than 250 judges have reviewed all of the products entered for this
year's Codie Award, including trade press, consultants, educators, IT
specialists and other knowledgeable -- but neutral -- experts. The finalists
were chosen from more than 1,000 nominations submitted by more than 600
companies. For a complete list of the 2008 Codie Award finalists, please go
to http://www.siia.net/codies/2008/finalists.asp.
The Software & Information Industry Association (SIIA) is the principal
trade association for the software and digital content industry. SIIA
provides global services in government relations, business development,
corporate education and intellectual property protection to more than 800
leading software and information companies. For further information, visit
http://www.siia.net.
About Xactly Corporation
Xactly Corporation is the market leader 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 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 across a variety of industries, ranging
from SMBs to large enterprises. For more information, visit
http://www.xactlycorp.com or call 1-866-GO-XACTLY.
(C) 2008 Xactly Corporation. All rights reserved. Xactly, Xactly Incent,
Xactly Rewards, and "Incent right. Sell more." are trademarks or registered
trademarks of Xactly Corporation. All other trademarks are the property of
their respective owners.
Media Contacts:
Samantha Moore
Xactly Corporation
Tel: 408-200-0675
Email: smoore@xactlycorp.com

Kristin Reeves
Blanc & Otus Public Relations
Tel: 415-856-5145
Email: kreeves@blancandotus.com

SOURCE Xactly Corporation

Samantha Moore of Xactly Corporation, +1-408-200-0675, smoore@xactlycorp.com;
or Kristin Reeves of Blanc & Otus Public Relations, +1-415-856-5145,
kreeves@blancandotus.com, for Xactly Corporation