SAN JOSE, Calif. – February 3, 2016 – Xactly (NYSE: XTLY), a leading provider of cloud-based incentive solutions, today announced that CoAdvantage, a privately-owned human resource solutions and administration firm, has chosen Xactly to enhance incentive compensation visibility for its sales department and increase reporting capabilities for management.
CoAdvantage’s rapid expansion and multiple acquisitions created a heightened need to unify the sales compensation process and align behaviors. Before implementing Xactly, the company was using a tool that could not provide the scale and support needed to implement incentive compensation best practices company wide.
Eli Oppenheimer, corporate controller at CoAdvantage said, “We evaluated many solutions in the space and Xactly was the only one that had the complete functionality we were looking for. We anticipate it will increase transparency and understanding across the company through its advanced reporting and analytics. As CoAdvantage continues to grow, it is important to stay current with the latest technologies and continue to use innovative products that streamline processes and productivity. Partnering with Xactly is another step in that process.”
Xactly is committed to helping customers like CoAdvantage use compensation as a strategic lever to drive better sales rep alignment, engagement and results. Learn more about what Xactly can do for you here.
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Xactly is a leading provider of enterprise-class, cloud-based, incentive compensation solutions for employee and sales performance management. We address a critical business need: To incentivize employees and align their behaviors with company goals. Our products allow organizations to make more strategic decisions, increase employee performance, improve margins, and mitigate risk. Our core values are key to our success, and each day we’re committed to upholding them by delivering the best we can to our customers.
CoAdvantage, a portfolio company of Morgan Stanley Global Private Equity, is a leader in human resource solutions, providing Professional Employer Organization (PEO) services to small and medium-sized businesses nationwide. Headquartered in Tampa, CoAdvantage serves more than 45,000 worksite employees in all 50 states through multiple locations nationwide, including Florida, Texas, Colorado, New Jersey, and New York. For more information, visit www.coadvantage.com.
About Morgan Stanley Global Private Equity
Morgan Stanley Global Private Equity is a leading middle-market private equity platform that has invested capital in a broad spectrum of industries for over two decades. Global Private Equity focuses on privately negotiated equity and equity-related investments primarily in North America, as well as Europe and other regions. Combining the talents of seasoned investment professionals and experienced operating partners, the team creates value in portfolio companies primarily through operational improvement. Global Private Equity also leverages the brand and unparalleled global network of Morgan Stanley to source investment intelligence and opportunities. Global Private Equity is part of Morgan Stanley Merchant Banking & Real Estate Investing.
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