SAN JOSE, (Calif.) -- Intacct, a leader in on-demand accounting and financial management solutions, today announced that in 2007, the company experienced record demand for its suite of Software-as-a-Service (SaaS) applications -- resulting in significant hiring across the organization and most recently doubling the size of its corporate headquarters in San Jose, California.
Intacct has established itself as a market and technology leader in on-demand financial applications, with thousands of companies using Intacct to manage their finances. In 2007 alone, total Intacct subscribers grew by 40%. During the year, the company also strengthened its strategic partnership with salesforce.com, through the launch of Intacct MAX™ for Salesforce (www.intacct.com/pr/maxrelease). Intacct MAX is the first product to bring front and back office systems together by uniting salesforce.com's market-leading CRM application with Intacct's best-of-breed financial management system.
With growth expected to accelerate in 2008, the company plans to continue rapid hiring, focused on sales, services, support, and engineering talent. To make room for this expansion, the company has doubled the square footage for its U.S. headquarters at 125 South Market Street in San Jose. The headquarters expansion is designed to ensure that Intacct continues to deliver the market leading products and outstanding customer service and support that its clients have come to expect.
"The market for on-demand financial applications reached a tipping point in 2007, and Intacct was well positioned to capitalize on the shift toward SaaS solutions," said Mike Braun, CEO of Intacct. "We generated considerable growth in terms of new clients and subscribers, and we expect this growth to accelerate even further in 2008. Doubling our headquarters space will provide the necessary infrastructure to sustain our rapid growth and allow us to continue to outpace our competition through innovative functionality and exceptional customer service."
Intacct is a market and technology leader in on-demand accounting and financial management applications. The company's award-winning suite of solutions is used by thousands of small and midsized businesses, from startups to public companies, to manage and share financial, supply chain, and professional services information. Intacct automates key business processes from order entry through cash collection and procurement through vendor payment. The Intacct suite includes accounting, contract management, revenue recognition, inventory, purchasing, vendor management, project management, payroll, and financial reporting applications, all delivered over the Web via Software as a Service. Intacct is the only on-demand financial management suite seamlessly integrated with Salesforce.com. As a company grows, Intacct's deep and mature applications, SAS 70 Type II certification and documented processes support Sarbanes-Oxley compliance for public enterprises.