Wednesday, April 30, 2008

Intacct, a leader in on-demand financial management and accounting applicationshas raised an additional $15 million

What Company Is Offering:
Intacct is a market and technology leader in on-demand financial management and accounting applications. The company's award-winning solutions are used by thousands of businesses, from startups to public companies, to manage and share financial, supply chain, and professional services information. Intacct automates key business processes from order entry through cash collection and procurement through vendor payment. The Intacct system includes accounting, contract management, revenue recognition, inventory, purchasing, vendor management, project management, payroll, and financial reporting applications, all delivered over the Web via Software as a Service.

How Much They Got From VCs:

Intacct, a leader in on-demand financial management and accounting applications, today announced it has raised an additional $15 million of financing in a round led by Bessemer Venture Partners. Existing investors Emergence Capital, Sigma Partners, and Sutter Hill Ventures all participated in the round. When combined with $14 million raised in June 2007, Intacct has raised $29 million in the past nine months, ranking it among the top funded software companies over the past year. Today's announcement was made at Software 2008 in Las Vegas, where Intacct is being recognized as one of the top innovators in the software industry.


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