Vista Equity Partners has agreed to acquire sales data software company Xactly Corp. (NYSE: XTLY) for about $564 million. Vista is making the acquisition nearly two years after the target went public.

Xactly, headquartered in San Jose, California, designs sales management software that uses data to monitor employee performance and helps management determine incentive-based compensation. The target has previously worked with Honeywell International Inc. (NYSE: HON), LinkedIn and Salesforce.com Inc. (NYSE: CRM).

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