Centive Acquired by Xactly - Lowell, MA

Xactly, a California-based provider of sales performance management software, announced that it has acquired Centive, a privately held, Lowell-based provider of sales compensation and sales performance management software. Terms of the all-stock deal were not disclosed. Xactly said that Centive’s employees will join the combined company, which will support both companies' product platforms for a minimum of 18 months. The company will be led by Xactly's management team, and will maintain its headquarters in San Jose, Calif.

http://www.centive.com/news/item/type/news/year/2009/item/146