Vista Equity Partners to take Xactly private in $564M buyout

Xactly Corp. has agreed to be taken private in a $564 million sale to Vista Equity Partners.
The deal, announced Tuesday morning, comes about two years after the California-based incentive compensation software provider went public in an initial public offering that fell short of its targets at $8 a share.
Austin-based Vista Equity will pay $15.65 a share, about a 17 percent premium over Xactly’s pre-Memorial Day closing price of $13.40. The stock rose by about 8.1 percent over the past three months,…

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