Press Release

Intacct Increases New Bookings by 97 Percent Year-over-Year

Strong Growth Across All Channels Fuels Record First Quarter for Intacct

ORLANDO – Oct. 18, 2012 – Today, in front of a record-breaking audience at the company's annual customer and partner conference, Intacct announced outstanding growth in new bookings for the company's first fiscal quarter, ended September 30. Intacct and its partners delivered record results, with 97% year-over-year overall growth in new customer bookings. In a separate press release, Intacct also announced a new round of funding to further accelerate its growth through extended product innovation and expanded distribution channels.

Intacct’s value-added reseller channel, the fastest growing segment of Intacct’s business, continues to deliver impressive results – growing new bookings by 105% over the same period one year ago. Partners in the Intacct Accountants Program also had an outstanding quarter, growing new business by 108%.

The strong indirect channel results build on continuing strength in Intacct’s direct sales channel, where new bookings growth was 74% over the previous year. Product innovations and excellent customer satisfaction levels led existing customers to add new modules and new users at high levels as they expand their use of the Intacct system.

“Our results last quarter were impressive, and we are clearly riding a wave of momentum behind cloud financial applications,” said Robert Reid, president and CEO of Intacct. “We continue to make it easier and easier to transition to Intacct and a record number of companies switched to Intacct’s best-in-class system last quarter. In addition, our focus on building a world-class channel program is paying dividends, as these firms further accelerate our growth, providing strong vertical expertise and local reach.”

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