Intacct Signs 10,000th Subscriber to Close the Year with Record Growth

Published on December 12, 2006 in Computer & Electronics, Computer Software, Internet, Technology

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More Than 3,000 New Business Users Switched to Intacct’s On-Demand Financial Applications in 2006

SAN JOSE, Calif. (December 12, 2006) –

Intacct Corporation, the leader in on-demand financial applications, today signed the 10,000th subscriber to its Web-based financial management suite, a record 43 percent increase for the 2006 calendar year. The fiscal second quarter, ending December 31, 2006, is the third consecutive quarter where Intacct adds more than 1,000 new users. Intacct provides financial, supply chain, business intelligence and project management software as a service to over 2,000 small and midsize businesses.

“We have seen strong growth in our target industry markets, including software and services, retail and wholesale, hospitality and franchises,” said Robert J. Jurkowski, CEO and president of Intacct Corporation. “To capitalize on this trend, we recently launched industry-specific financial management suites for each of these segments to make it easier for midsize businesses to evaluate, buy, deploy and use our Web-based enterprise software to run their companies.”

Earlier this month, Intacct launched seven vertical financial application suites. Delivered as a subscription service over the Internet, Intacct provides preconfigured financial business solutions for the software, services, retail, wholesale, hospitality, nonprofit and franchise industries.

In addition to companies that have outgrown Intuit’s QuickBooks, Intacct won most of its new customers in head-to-head competition against NetSuite, Microsoft Dynamics and Sage Software.

New Intacct customers include:

* Allied Telesis Capital Corp.
* Analog Devices (China)
* Motorcycle Superstore
* PlateSpin
* Blink Twice
* Martini Park
* BH Capital Partners
* oDesk
* Sylogist
* Micro Sistemas Miami
* Presentation Services (PSAV)
* ASC International

About Intacct Corporation
Intacct provides on-demand financial applications for more than 2,000 small and midsize businesses. Over 10,000 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

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