AUSTIN, Texas--(BUSINESS WIRE)--Iconixx, the sales compensation solution that automates commission plans, eliminating manual calculation of sales commissions, announced today that it has secured a credit line from Comerica Bank to fuel its unprecedented growth.
According to Bill Getchell, CFO of Iconixx, “This credit facility represents the next logical step in the evolution of our business and provides Iconixx the capital and flexibility necessary to continue to drive value for all of our stakeholders.”
“We are excited to add Iconixx to the Comerica family,” said Paul Gerling, SVP at Comerica. “This transaction will serve as an important resource in helping Iconixx to continue executing its long-term growth plan.”
Within every sales professional is a primal, quota-crushing beast. If you’re responsible for managing compensation, you are the beastmaster. The beastmaster has no time for tedious compensation routines using inferior tools like spreadsheets. The beast, meanwhile, cannot abide the irritation of manual commission reconciliations. No. The beast cares only for the hunt. Iconixx is a sales compensation solution that automates commission plans and eliminates sales downtime caused by trivial administration. So get Iconixx — and unleash the beast. Iconixx is headquartered in Austin, Texas, and is online at www.iconixx.com.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $71.9 billion at December 31, 2015.