Intacct Adds Another 1,000 New Subscribers in First Quarter of 2007, Strongest Growth Comes from Software Companies
More Than 9,000 Subscribers Now Access Intacctâ??s Financial Management Suite on the Web for a Low Monthly Fee
SAN JOSE, Calif. (October 17, 2006) –
Intacct Corporation, the leader in on-demand financial applications, today announced that it has signed up more than 1,000 new subscribers for its Web-based financial management suite in the first quarter of fiscal 2007, which ended September 30. More than 9,000 subscribers at 2,000 small and midsize companies now use Intacct’s Web-based financial, supply chain, business intelligence and project management suite to run their back-office operations.
The strongest demand comes from application providers that leverage the Intacct® for Software Companies suite to grow, profit and comply with GAAP and Sarbanes-Oxley. Software companies overcome complex financial issues with Intacct’s revenue recognition, contract management and advanced billing features. The project management application helps software companies deliver superior customer service and optimize cash flow. As they grow, software companies can easily add new users, applications and business units to Intacct.
“The transition to the software-as-a-service model, where revenue is based on subscriptions instead of upfront license fees, adds complexity to software companies’ financial management,” said Robert J. Jurkowski, CEO and president of Intacct. “To help our customers succeed, we provide them with exactly the same business processes and internal controls that Intacct has used to become one of the fastest-growing software companies.”
In addition to computer software companies, Intacct has signed up new customers in a wide range of industries, including professional services, computer hardware, computer services, construction, wholesale and distribution, e-commerce, health care, manufacturing, non-profit, retail and more. Recent Intacct customers include:
* Abound Networks
* Acopia Networks
* Anacapa Marketing Services
* Atlanta Refrigeration Services
* BuildLinks
* CapStone Partners
* Core Security Technologies
* CRS Business Associates
* GAC Solutions
* GetActive Software
* Hague Quality Water
* Hawaii Superferry
* Masonic Grand Lodge of California
* Navis
* NetLook
* Northland Hearing Centers
* Packet Design
* Platinum Communications
* Quench Fine Wines
* REDI Desarrollos Inmobiliarios
* Reflexis Systems
* SecureEdge Networks
* Sonopia
* Zend Technologies
In addition to a growing direct sales force, about 50 percent of Intacct’s new business is generated by its partner network, which comprises Salesforce.com, IBM, value-add resellers, accounting outsourcers and vertical software solution providers. Intacct’s three Salesforce.com AppExchange products–Order Management, Expense Management and Financial Management–allow customers to tightly integrate their sales operations with Intacct’s financial, order entry, purchasing, inventory and project management applications. The result is a complete on-demand application suite that gives small and midsize companies a 360-degree view of their business.
About Intacct Corporation
Intacct provides on-demand financial applications for more than 2,000 small and midsize businesses. Over 9,000 users from startups to public multinationals pay a monthly subscription fee to access the first SAS 70 Type II certified financial, supply chain, business intelligence and project management suite on the Web–which enables corporations to comply with GAAP and Sarbanes-Oxley. Together with its strategic business partners, Intacct also offers a wide range of enterprise software to help companies of all sizes run their entire operations with one integrated application suite. Intacct’s financial management system supports all your business units, each with its own account structure, business processes, currencies, taxes and regulatory requirements. The ability to add more users, applications, currencies and business units as you grow makes Intacct the last financial management suite you’ll ever need. Headquartered in San Jose, California, with operations in Bangalore, India, Intacct is a privately held company funded by Deloitte & Touche, Emergence Capital Partners, Goldman Sachs, Hummer Winblad Venture Partners and JK&B Capital.
Bill Akerson
Intacct Corporation
(408) 878-0938
pr@intacct.com
Intacct is a registered trademark of Intacct Corporation. Other names may be trademarks of their respective owners.
Source: Intacct