Press Release

Intacct Increases Bookings 150 Percent Year Over Year

Strong Growth across All Channels Fuels Impressive First Quarter Results

SAN JOSE – Nov. 4, 2013 – Intacct, a leader in cloud financial management and accounting software, today announced strong results for its first fiscal quarter of 2014, ended September 30. Overall bookings for the company grew 150% over the same quarter a year ago.

Intacct and its business partners delivered growth across all sales channels, with Intacct's value-added resellers showing particularly impressive results. Microsoft and Sage partners, growing weary of the lack of innovation and VAR business development offered by these legacy vendors, continue to flock to Intacct to expand their portfolio. In recent months, Intacct has added several top Microsoft and Sage partners to its program – including Accounting Today Top 100 resellers.

Intacct also continues to add new customers at a rapid pace – with more than 7,300 companies using Intacct to improve their financial processes and accelerate growth. As existing customers thrive in the improving economy, they are expanding their use of Intacct by adding new users and additional modules in record numbers.

“Intacct remains the fastest-growing accounting and financial management software company in the mid-market,” said Robert Reid, president and CEO of Intacct. “Our outstanding growth is a direct reflection of the results we deliver for both our customers and partners. As more and more companies replace their outdated on-premises financial systems with modern cloud-based systems, Intacct is well positioned to continue this rapid pace of growth well into the future.”

About Sage Intacct

Sage Intacct is the innovation and customer satisfaction leader in cloud Financial Management. With the powerful combination of Sage and Intacct, the Sage Business Cloud offers the best capabilities of both companies. Bringing cloud computing to finance and accounting, Sage Intacct’s innovative and award-winning applications are the preferred financial applications for AICPA business solutions. In use by organizations from startups to public companies, Sage Intacct is designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and Value Added Resellers also offer Intacct to their clients. The Sage Intacct system includes accounting, cash management, purchasing, vendor management, financial consolidation, revenue recognition, subscription billing, contract management, project accounting, fund accounting, inventory management, and financial reporting applications, all delivered through the cloud.

Sage Intacct is based in San Jose, California and an entity of Sage, the market and technology leader for integrated accounting, payroll and payment systems, supporting the ambition of entrepreneurs and business builders and a FTSE 100 business. For more information on Sage Intacct, please visit www.intacct.com or call 877-437-7765. Connect with Sage Intacct on LinkedIn, Facebook, Twitter, Instagram, and YouTube.

Media contacts

Peter Olson

Phone: 408-878-0951
Email: polson [@] intacct.com
Twitter: @Intacct_Peter

Brittany Benson

Phone: 408-620-3938
Email: bbenson [@] intacct.com
Twitter: @brittanybbenson

Finn Partners

Phone: 415-905-4000
Email: intacctteam [@] finnpartners.com
Twitter: @finnpartners