Intacct Taps Industry Veteran Taylor Macdonald as Vice President of Channels
Former Sage and Deltek Channel Chief to Lead

Expansion of Intacct's Successful Channel Programs

SAN JOSE, Calif. – July 8, 2010 – Intacct, the leader in cloud financial management and accounting applications, today announced it has named Taylor Macdonald as its new Vice President of Channels. In this position, Macdonald will accelerate the growth of Intacct's already successful Value Added Reseller (VAR) and CPA channel initiatives.

"Intacct and cloud computing represent a massive business opportunity for the channel.  Synergistically, we believe that the channel is the key to driving broad adoption of cloud-based financial management across North America." said Robert Reid, president and CEO of Intacct. "Bringing on Taylor, with his tremendous track record of success and channel leadership will fuel the adoption of cloud computing and will further drive Intacct's already rapid growth."

Macdonald brings more than 20 years of experience building and operating some of the world's largest and most successful channel programs at leading financial management and ERP providers including Deltek and Sage.

Uniquely, Macdonald also has extensive experience running a Value Added Reseller business, having founded Macdonald Consulting Group in 1990, which he built into a five time repeat winner as Sage Software's top worldwide business partner.  Macdonald has also collected numerous channel accolades including being named a Top Channel Executive from VARBusiness and Top 50 Channel Champion from CRN three years in a row.

"We recently took a very close look at the Intacct product, organization and overall strategy, and were frankly very impressed," said David Cieslak, principal at Arxis Technology, Inc., a leading technology consulting firm and one of the top software resellers in the industry.  "As customers consider cloud-based solutions, Intacct will mostly certainly be one of the top products to consider and bringing Taylor Macdonald on board represents a very strategic win for the organization.  We are anxious to see Taylor bring his experience and expertise to help craft a world-class channel partner program at Intacct."

"We allied with Intacct in 2009 because we knew that cloud computing would improve productivity, increase transparency and reduce costs for both AICPA members in public practice and the millions of small and mid-sized businesses they serve – and the partnership has greatly exceeded our expectations," said Erik Asgeirsson, president and CEO, CPA2Biz.  "We're delighted to see that someone of Taylor's caliber has joined Intacct.  Clearly, it will help to accelerate the joint success of our partnership with Intacct even further."

"We have reached the tipping point when it comes to cloud computing and the channel - there is tremendous opportunity for channel partners to leverage the cloud to provide better solutions for their clients and at the same time run more profitable and predictable businesses," said Taylor Macdonald.  "Intacct is unique in that it presents channel partners with a compelling combination of a huge market opportunity, award-winning, partner-centric products and a channel-oriented company culture and business model. I couldn't be more excited to join the Intacct team."

Macdonald holds a Bachelor of Science degree from Yale University.  He also currently serves on the board of directors for the Information Technology Alliance.

About Intacct

Intacct is the 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.

Media Contacts:

Peter Olson

408-878-0951

polson@intacct.com

Twitter:Intacct_Peter