Shares of Xactly Corp. (NYSE: XTLY) jumped 16% on Tuesday, after the cloud-based enterprise incentive compensation solutions company agreed to be acquired.
More specifically, Xactly has entered into an agreement to be acquired by private-equity firm Vista Equity Partners for $15.65 per share in a deal worth roughly $564 million. That’s a 17% premium to Xactly’s closing price last Friday, and a 31% premium to its three-month volume-weighted average closing price.
IMAGE SOURCE: XACTLY CORP.