SAN JOSE, Calif., June 2 /PRNewswire/ -- Xactly Corporation, the market leader in on-demand sales performance management, today announced it has been selected to participate in the California Tech Showcase (CTS 2008), to be held in conjunction with the World Investment Conference in La Baule, France from June 4th to June 6th. Xactly was hand-picked after an extensive review of more than 700 companies by the CTS 2008 selection committee, which is comprised of senior executives from Europe's leading technology companies such as Siemens, T-Mobile, British Telecom and SAP.
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"The California Tech Showcase brings together the hottest Silicon Valley companies with the top technology titans of Europe, the world's second-largest technology marketplace," said Jean-Bernard Guerree, managing director at EuroStart. "Xactly was chosen from among hundreds of companies as one of the most promising Silicon Valley companies with cutting-edge technology. As a company looking to expand its presence in the European market, Xactly will be paired with ideal European partners who can best provide distribution, strategic alliances, capital and established relationships at this event."
Hosted by EuroStart Capital Partners LLC, a San Francisco-based venture fund, the CTS 2008 provides the most promising Californian companies with the opportunity to launch and accelerate their business in Europe. The high-profile event will allow Xactly to meet with up to 300 CEOs, CIOs, and CTOs from Europe's largest businesses.
"The software-as-a-service market is forecast to reach $15.5 billion by 2010, with growth in Europe set to outpace North America," said Christopher Cabrera, president and CEO, Xactly Corporation. "Xactly's continued expansion in Europe is being fueled by customer demand, with more than 25 percent of our users outside of North America and growing rapidly as companies look to automate their sales performance management strategies globally. We are pleased to have been selected to participate at this significant European event."
The CTS 2008 will take place in conjunction with the World Investment Conference, which will feature hundreds of corporate leaders from firms such as Sony, Freescale, EDF, Nokia, BT, Total, Siemens, as well as government officials and ministers from around Europe.
EuroStart Capital Partners LLC is a new venture fund dedicated to helping U.S. technology companies with global ambitions enter the European market. EuroStart makes direct equity investments in U.S. companies with cutting-edge technology across the high-tech value chain: from semiconductors, to infrastructure, from enterprise/consumer software to services. It provides portfolio companies with funding, privileged access to large European accounts, and regional operational support in order to make their transatlantic operations a success.
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.
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