Intacct Named One of the 25 Cloud Vendors You Need to Know

SAN JOSE, CA--(Marketwire - Jun 23, 2011) - Intacct, a leader in cloud financial management and accounting software, today announced it was named one of the "25 Cloud Vendors You Need to Know" by Everything Channel's CRN. This list recognizes the key vendors that CRN's research shows are best positioned to capture the massive market opportunity that cloud computing and SaaS create, including those vendors that have made the biggest splash both in the market and with the channel. According to CRN, "these are the big boys, the ones you need to know about" and the top 25 list recognizes Intacct along with global industry leaders like Amazon.com, Cisco, Dell, Google, HP, IBM, Salesforce.com and VMware.  

CRN notes that its list highlights the firms that seized a market in transition and did it well. Specific to Intacct, the editors commented: "Intacct's name says it all: take 'Internet' and add 'accounting' and boom, there's Intacct. The company pioneered SaaS by giving small and midsize businesses an online, or cloud-based, accounting software option amid a sea of on-premise and desktop-tied offerings." "Intacct continues to generate significant momentum in the market and it is an honor to be recognized by CRN as one of the top cloud computing vendors in the world," said Robert Reid, president and CEO of Intacct. "Top partners from the Deltek, Microsoft and Sage communities are flocking to Intacct's channel program to add our cloud financial management and accounting applications to their portfolios. With their clients increasingly demanding cloud computing-based solutions, leading business partners have realized that Intacct and the cloud represent a tremendous business opportunity for their firm." Intacct recently announced it had raised $12.3 million of new financing to fund aggressive hiring plans and to further accelerate the company's growth -- which has already been the fastest in the financial management and accounting industry. Intacct was also just named one of the Bay Area's Top Workplaces by the Bay Area News Group. Other recent industry accolades include being named to the annual 'OnDemand 100' list of top private cloud computing companies by AlwaysOn, to the Hot 100 Software Companies list from JMP Securities, as well as to the list of Top 100 cloud computing vendors and Top 20 cloud application vendors of 2011 by CRN. To learn more about Intacct's award-winning cloud financial management and accounting applications, please visit http://us.intacct.com/products/intacct.php. To view the complete list of Cloud Vendors to Know, please visit http://bit.ly/CRNCloud25.