Xtiva raises $10 million from Recurring Capital Partners to accelerate growth of SPM Platform
New York, NY – May 6, 2020 – Xtiva, the only Sales Performance Management Platform exclusively for financial services, today announced a USD 10 million financing led by Austin Texas based Recurring Capital Partners. Xtiva plans to invest in product capabilities to further advance the customer experience, scale the team and expand sales presence focused on key markets.
“This investment is another tremendous endorsement of the new direction we charted in 2016 to help financial service firms drive more value by building a pure play SPM platform dedicated to their unique needs” stated Tom Moysak, Chief Executive Officer of Xtiva. “This partnership with Recurring Capital will enable us to go harder and faster in bringing value to customers. We could not be more pleased with how our vision is unfolding.”
Xtiva‘s cloud-based product suite, enables financial organizations to accelerate scalable performance through better business intelligence, sales enablement, and talent management, supported by dynamic and compelling incentive compensation. Close to 100 financial service enterprises use Xtiva‘s software, services and support to maximize their salesforce and business performance.
“The financial services industry is rapidly transitioning legacy systems to modern cloud workflow systems, and we see a large growth opportunity in Sales Performance Management,” said Brian Henley, Managing Partner of Recurring Capital Partners. “We have enjoyed working with Tom and his team for the past year and are excited to be providing additional growth capital to further accelerate the growth and penetration of XtivaCloud.”
Xtiva Financial Systems provides the leading sales performance management (SPM) and incentive compensation management (ICM) systems for the financial services industry. Xtiva’s cloud-based SPM product suite enables financial organizations increase efficiency, enhance scalability & drive growth.
Unlock front-office velocity. Drive revenue. Eliminate profit leakages. Achieve More.
Learn more at www.xtiva.com, via Twitter or on LinkedIn.
About Recurring Capital Partners
Recurring Capital Partners provides debt and equity capital for Software-as-a-Service (SaaS) and recurring revenue model technology-driven companies. We look for long-lasting partnerships where we can help companies accelerate their growth by providing straightforward, entrepreneur-friendly capital to expand upon a proven product and established customer base.
Learn more at www.recurring.capital
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