New Vice President of Enterprise Sales, Sam Rapp, to Support Strong Momentum in Enterprise Market
SAN JOSE, CA – May 10, 2011 – Xactly Corporation, the leader in on-demand sales performance management (SPM), has appointed Sam Rapp as vice president of enterprise sales. Rapp will lead sales initiatives for the enterprise market, including Xactly’s flagship sales compensation management solution, Xactly Incent. Xactly also announced it has appointed Steve DeMarco to vice president of corporate sales. In this role, DeMarco will focus on expanding Xactly’s presence in the SMB market and continuing strong sales momentum for Xactly Express, the industry’s first self-service sales compensation management software designed specifically for SMBs.
As the global economy rebounds, companies of all sizes are seeking strategic ways to grow revenue and improve performance and Xactly sees a tremendous growth opportunity for sales compensation management at both the enterprise and SMB level. With Steve’s role evolving to focus on our emerging SMB offerings and the appointment of Sam Rapp, we have rounded out the sales management talent we need to capitalize on opportunities in both markets” said Christopher Cabrera, president and CEO, Xactly Corporation.
The moves reinforce Xactly’s solid management team and will further support the company’s continued market momentum. Xactly has delivered record business performance every year since its inception – including increasing year-over-year revenues by more than 50 percent in both 2009 and 2010 and growing its customer base by more than 60 percent in 2010. In the past year, Xactly also received an investment from leading partner salesforce.com, received a positive” rating in Gartner’s MarketScope for Sales Incentive Compensation Management Software“ report, and was named number three out of more than 5,700 companies in The Wall Street Journal’s prestigious list of the Top 50 Venture-Backed Companies.” 1,2
Rapp to Expand Xactly’s Enterprise Business
Sam Rapp brings more than two decades of global sales experience to his role as vice president of enterprise sales at Xactly, including managing direct and inside sales, channel development and professional services at both emerging start-ups and global enterprise organizations.Rapp comes to Xactly from HP Software where he managed a sales organization focused on the financial services vertical which included HP’s largest banking and insurance customers. Prior, he held the position of vice president of Americas sales at Serena Software, where he was responsible for doubling Americas revenue. Rapp has also held executive management positions with Oblix (now Oracle) and BEA Systems (now Oracle). He began his sales career at Silicon Graphics, serving in a variety of sales and sales management positions. Rapp holds a bachelor’s degree from Yale University.
Efficiently managing sales compensation is an issue enterprises around the world are facing, and one that I’ve personally experienced as a sales executive in many leading organizations over the past twenty five years” said Sam Rapp, vice president of enterprise sales, Xactly Corporation. There is a huge market opportunity for customers to better manage and utilize sales compensation to improve sales visibility, customer intelligence and sales rep behavior and deliver better results for the business.”
About Xactly Corporation
Xactly Corporation is the market leader in on-demand sales performance management. The company’s SPM Suite of products, enables sales and finance executives to design, implement, manage, audit and optimize sales compensation management programs easily and affordably. Xactly’s 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 www.xactlycorp.com or call 1-866-GO-XACTLY.
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- Gartner MarketScope for Sales Incentive Compensation Management Software” Michael Dunne, March 5, 2010.
- The Wall Street Journal, Web in Money Magnet – The Top 50 Venture-Backed Companies” Colleen Debaise and Scott Austin, March 10, 2011
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