Sage Intacct
American financial software company From Wikipedia, the free encyclopedia
Sage Intacct, Inc is an American provider of cloud-based accounting software and services available a number of regions around the globe – including the United States, Canada, the UK, Australia, and South Africa.[1][2][3] Its products offer cloud-based accounting applications that enable business payments, manage and pay bills, and facilitate payroll functions.[4][5]
| |
 | |
| Formerly | Intacct Corporation |
|---|---|
| Company type | Subsidiary |
| Industry | Software |
| Founded | 1999 |
| Founder |
|
| Headquarters | |
Key people | Steve Hare (CEO – The Sage Group plc) |
| Products | Accounting software |
Number of employees | 500 (2018) |
| Parent | Sage Group |
| Website | www |
The company was founded in 1999 and it was acquired by The Sage Group for $850 million in 2017.[6]
History
Intacct was founded by Odysseas Tsatalos and David Chandler Thomas in 1999 as one of the first accounting applications for the cloud.[7] The company was headquartered in San Jose, California, grew organically and offered a suite of accounting software that could serve medium and large-sized businesses with consolidated ERP, and e-commerce features.[8][9][10]
In 2000, Intacct got its first institutional investor, venture capital firm HWVP and completed a Series A round of $10 million.[11][12] From 2001 to 2014, the company raised $130 million in funding primarily led by the Battery Ventures, BVP, Sigma Partners and Emergence Capital with the last round of $30 million in 2014 with the company valuation of $211 million.[13][14][15]
In 2017, Intacct Corporation was acquired by the British multinational accounting software company, The Sage Group PLC, for $850 million and was subsequently rebranded as Sage Intacct.[1]
Features
Sage Intacct has a suite of subscription-based accounting products.[16] Its web-based applications are built on top of its internally developed platform.[17] Sage Intacct's application includes accounts payable, accounts receivable, cash management, collaborate, general ledger, order management, purchasing, and reporting and dashboards.[18][19]
In addition to the core financial product, Sage Intacct released add-on software applications for contract and subscription billing, contract revenue management, fixed assets, inventory management, multi-entity and global consolidations, project accounting, project billing, sales and use tax, time and expense management and vendor payment services.[20][21][22] It allows integration of third-party software such as Salesforce, Certify, ADP, SAP Concur and others.[20][23]
Operations
Founded and headquartered in San Jose, the company initially grew organically, but more recently has grown primarily through acquisitions.[24][25] In addition to its US offices, it also operates in India and Romania,[26] as well as product localizations being developed at Sage's other international offices such as Barcelona, Spain, Newcastle upon Tyne, UK and Poland.[27] Sage Intacct has more than 14,000 customers and nearly 500 employees across the world.[citation needed]
Awards and recognition
- 2016 BIG Innovation Awards recognized by the Business Intelligence Group.[28]
- Won two 2016 Best in Biz Award[29]
- Best Business Products of 2016 by PC Magazine[30]
- Best Places to Work in the Bay Area for 2010 to 2017, Fortune[31]
- 2017 Best Software for Finance Teams list by G2 Crowd[32]
- 2019 Top 50 Products for Mid-Market (#39) by G2 Crowd[33]
See also
References
External links
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