Xactly Corp. (XTLY) Is Up Sharply After Bought By Vista Equity Partners

Xactly Corp. (XTLY) announced Tuesday morning that it has entered into a definitive agreement to be acquired by Vista Equity Partners for approximately $564 million. Xactly stockholders will receive $15.65 in cash per share.

Xactly has gapped open sharply higher Tuesday and is now up 2.13 at $15.53 with volume at over a 5-month high. The stock is now challenging the highs of the year, trading at nearly a 9-month high.

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