1. Xactly receiving $12M in funding This is a fairly significant funding number in the software space. In the last month only a handful of deals were larger that this. The statement, " In the first half of 2010, Xactly increased worldwide recognized revenues by more than 50 percent over the first half of 2009. In 2009, Xactly also increased worldwide recognized revenues by more than 50 percent over 2008 and nearly tripled its number of customers and subscribers." indicates strong growth so far in 2010 and I see no signs of this abating.
2. Callidus 52 Week Stock High They released mixed earnings results last week with strong indications of quality (perhaps profitable) Q3 & Q4 ahead. The shift from traditional software licenses and on-premise implementations to leased software and On-Demand delivery and maintenance by the vendor has allowed Callidus to smooth out a once lumpy revenue stream and have more predictable numbers for the street. Continued focus on building the reoccurring revenue base (new customers and retaining current) and continuing to reign in expenses could prove to be a winning strategy. Time will tell. Callidus also announced a win for an unnamed client for their Monaco product.
So far in 2010 the SPM market space for both technology and services has been very strong.
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