Xactly Corp. shares were halted in pre-market trade Tuesday for news that the company will be acquired by the private-equity firm Vista Equity Partners. Vista Equity Partners affiliates will acquire all outstanding shares of Xactly stock for about $564 million, with the transaction expected to close in the third quarter. Shareholders will receive $15.65 in cash per share, compared with a share price of $13.40 as of Friday’s close. Vista Equity Partners, which focuses on investing in software, data and technology-enabled businesses, said that Xactly’s “market leadership in cloud incentive compensation solutions makes it an ideal addition to the Vista family of companies,” according to Co-Founder and President Brian Sheth. Xactly shares have risen 8.1% over the last three months, compared with a 2.2% rise in the S&P 500 .
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