SAN JOSE, Calif. – Mar. 21, 2011 – Intacct, a leader in cloud financial management and accounting software, today announced it has been named to the second annual AlwaysOn "OnDemand 100" list. The companies selected for the "OnDemand 100" represent a wide variety of emerging growth companies across the industry, from cloud application platforms and on-demand software for customer relationship management, to cloud management tools and on-demand software for business management applications.
The AlwaysOn editorial team, along with partners at Morgan Stanley, KPMG, Hewlett-Packard, Blackstone Group, Bridge Bank, Fenwick & West, Silicon Valley Bank and industry experts across the globe identified the top 100 private companies that are "taking old notions of data management, customer relationships, and infrastructure and forging solutions that will shake up the industry and lead to huge value creation opportunities." Intacct was selected to the list based on a set of five key criteria: innovation, market potential, commercialization, stakeholder value and media buzz.
Intacct has garnered significant industry attention as the company's growth continues to accelerate. Intacct's most recent quarter was highlighted by 68% year over year growth in new client subscriptions, as well as all-time records in existing customer upgrades and add-ons. In 2010, Intacct gained more than 800 net new clients to drive its market penetration to an all time high. More than 4,000 organizations worldwide are now enjoying the benefits of Intacct for cloud-based financial management.
"Intacct has staked out a solid position as the top innovator in the cloud financial management applications market," said Robert Reid, president and CEO of Intacct. "Our inclusion on the OnDemand 100 list for a second straight year is a testament to our strong execution as a company. When you couple that with continuous innovation and a relentless focus on high levels of customer satisfaction, it is no wonder we are the fastest growing cloud financial applications company."
"As the digital information created by businesses continues to explode at astronomical rates, the need to store, manage, socialize, and share this information is becoming extremely challenging," commented Tony Perkins, founder and editor of AlwaysOn, in a statement about this year's OnDemand 100. "By providing innovative technologies that help enterprises better compete in this new era of information complexity and move their data out into the cloud, the OnDemand 100 represent some of the highest-growth opportunities in the private company marketplace."
Intacct and the other "OnDemand 100" winners will be honored at the OnDemand 2011 conference to be held later this month at HP Worldwide Headquarters in Palo Alto, California. A full list of all the "OnDemand 100" winners can be found on the AlwaysOn website at:
For more information about Intacct's award-winning accounting and financial management software, please visit http://www.intacct.com/products.
Intacct is a market and technology leader in web-based financial management and accounting applications for businesses and CPA firms. Bringing cloud computing to finance and accounting, Intacct's award-winning applications are the preferred financial applications for AICPA business solutions. Intacct applications are used by thousands of businesses from startups to public companies and are designed to improve company performance and make finance more productive. The Intacct system includes accounting, contract management, revenue recognition, inventory, purchasing, vendor management, financial consolidation and financial reporting applications, all delivered over the Internet via cloud computing.
Intacct is headquartered in San Jose, California. For more information, please visit www.intacct.com or call 877-437-7765.