Centive Acquired by Xactly

Wade Roush1/26/09

Lowell, MA-based Centive, whose software helps managers track and calculate commission-based compensation for sales representatives, has been purchased by San Jose, CA-based Xactly for an undisclosed sum, the companies said last week. Centive, founded in 1997, had raised more than $92 million in venture funding from the likes of Key Venture Partners, Polaris Venture Partners, and Venture Strategy partners, according to Mass High Tech. It’s one of several Boston-area companies offering on-demand versions of its software through the Salesforce AppExchange.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @