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SAN JOSE, Calif. – June 21, 2013 – Intacct, a leader in cloud financial management and accounting software, today announced Jeff Epstein, operating partner at Bessemer Venture Partners and former executive vice president and chief financial officer of Oracle, has joined its board of directors.
“The addition of Jeff Epstein to our Board of Directors brings a unique perspective that complements the existing members of our Board,” said Robert Reid, CEO of Intacct. “Jeff is an experienced leader with proven expertise in finance, technology, and global operations. He has walked in the shoes of our target customers and understands the nuances of building a global market leader. I look forward to working with Jeff and our existing board members to continue our outstanding growth as we take Intacct to even greater heights.”
Epstein brings to the Intacct Board of Directors more than 20 years of finance experience and a successful track record of growing global businesses. As CFO of Oracle, one of the world’s largest and most profitable technology companies, he was responsible for all finance operations, as well as tax, treasury, real estate, investor relations, audit, and customer leasing. Prior to Oracle, Epstein served as the CFO of several public and private companies, including DoubleClick (sold to Google), King World Productions (sold to CBS), and Nielsen’s Media Measurement and Information Group.
Currently, Epstein serves as an operating partner at Bessemer Venture Partners and a senior advisor at Oak Hill Capital Partners. Epstein also serves on the boards of directors of Kaiser Permanente, Priceline.com, Shutterstock, and Global Eagle Entertainment, as well as the Management Board of the Stanford University Graduate School of Business.
“Cloud financials are a disruptive force in the largest sector of the software industry, and Intacct is a company on an incredible growth path within that space,” said Epstein. “My background as a CFO offers a great foundation to provide a different point of view than the other Board Members and should serve the company well. I’m excited to have the opportunity to work with the Intacct executive team to help steer the company’s high-level corporate strategy.”
Epstein holds an MBA from the Stanford University Graduate School of Business, where he was an Arjay Miller Scholar, and a bachelor of arts degree from Yale College, where he graduated summa cum laude, Phi Beta Kappa.
Intacct is the customer satisfaction leader in cloud ERP software. Bringing cloud computing to finance and accounting, Intacct’s innovative and award-winning applications are the preferred financial applications for AICPA business solutions. In use by more than 11,000 organizations from startups to public companies, 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 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 over the Internet via cloud computing.