Acumatica

Acumatica, Inc.
Company typePrivate
IndustryComputer software
Founded2008; 17 years ago (2008)
Founder
SuccessorEQT AB Edit this on Wikidata
Headquarters
Bellevue, Washington
,
United States
Key people
John Case (CEO)[1]
ProductsAcumatica Cloud ERP
OwnerEQT AB[2]
Number of employees
600+[3] (2024)
Websitewww.acumatica.com

Acumatica, Inc. provides cloud and browser based enterprise resource planning software for small and medium-sized businesses. The company is headquartered in Bellevue, Washington, in the Seattle metropolitan area.[3]

Acumatica has partnerships with BDO USA[4] and Shopify.[5]

History

The Acumatica ERP product was introduced in 2008[6] followed a year later by on-premises and SaaS versions.[7]

In 2014, former Microsoft Vice President Jon Roskill became CEO[8] and the xRP cloud platform launched.[9] In 2022, the organization named John Case, a former corporate vice president at Microsoft, as its new CEO.[10]

Private-equity fund EQT AB purchased Acumatica in 2019[2] and a London office opened in 2021.[11]

Acumatica appointed two ERP industry veterans, Zach Nelson and Nancy Harris, to its Board of Directors in 2024.[12] They joined a group of board members that included John Case, Kim Clarke, Kathy Crusco, Robert Maclean, Tyler Parker and Jonas Persson.[12]

Technology

Previous logo

Acumatica's ERP is built with its proprietary web-based xRP platform and can be licensed on-premises / in the cloud, or provided on a SaaS basis.[13][14][15]

The SaaS product runs on Amazon Web Services,[16] Azure[17] and SQL Azure.[13] Licensed software runs on Microsoft Windows Server / SQL Server and applications run as .NET managed code.[18]

Acquisitions

In 2020, Acumatica acquired JAAS Advanced Manufacturing Software from JAAS Systems.[19]

In 2022, Acumatica acquired IBS Imperium, a property management application.[20]

Funding

In 2011, Acumatica received an unquantified investment from Visma.[21] In 2014, Acumatica raised over $13 million in funding, led by MYOB[22][23] In 2018, the company raised $25 million in Series C funding, led by Accel-KKR.[24]

References

  1. ^ Morgan, Rick (February 16, 2022). "'Acumatica names former Microsoft Office exec as CEO amid rapid growth". Seattle Inno. Archived from the original on February 16, 2022. Retrieved April 14, 2022.
  2. ^ a b Perez, Yessi Bello (May 6, 2020). "Runa Capital has $157M to spend — and will now also back deep tech and quantum startups". The Next Web. Archived from the original on June 16, 2020. Retrieved June 16, 2020.
  3. ^ a b Bishop, Todd (June 6, 2024). "Acumatica opens new HQ in Seattle region with plans to grow headcount 20% globally in 2024". Geek Wire. Retrieved July 15, 2024.
  4. ^ "Acumatica and BDO Partner to Accelerate Digital Transformation and Disrupt Industry Landscape". CPA Practice Advisor. 12 December 2019. Archived from the original on 27 July 2020. Retrieved 27 July 2020.
  5. ^ O'Donnell, Jim (October 15, 2021). "Shopify opens e-commerce platform to enterprise ERP vendors". TechTarget. Archived from the original on May 16, 2022. Retrieved May 6, 2022.
  6. ^ "Acumatica cloud ERP, IFS systems fit together well | TechTarget". ERP. Retrieved 2023-04-26.
  7. ^ "A Brief History of ERP Software Including Dynamics GP and Acumatica". ERP Software. April 1, 2020. Archived from the original on February 27, 2022. Retrieved February 27, 2022.
  8. ^ "Former Microsoft VP Jon Roskill named Acumatica CEO". Geekwire. 5 March 2014. Archived from the original on 13 March 2014. Retrieved 5 March 2014.
  9. ^ "Acumatica Launches Cloud xRP Platform Enabling Software Companies to Get to SaaS Fast". Press release. Archived from the original on 2014-12-31. Retrieved 30 December 2014.
  10. ^ "Acumatica names former Microsoft Office exec as CEO amid rapid growth". News article. Retrieved 25 July 2024.
  11. ^ "Acumatica Opens London Office and Welcomes New Country Manager to Better Serve UK and Ireland Customers". Economy Magazine. July 7, 2021. Archived from the original on October 15, 2022. Retrieved May 6, 2022.
  12. ^ a b "ERP Industry Leaders Zach Nelson and Nancy Harris Join Acumatica Board of Directors". Press release. Retrieved 25 July 2024.
  13. ^ a b O'Gara, Maureen (2009-12-05). "Azure Gets its First Commercial ERP App". Cloud Computing Journal. Archived from the original on 2009-11-28. Retrieved 2009-12-10.
  14. ^ McLaughlin, Kevin (2009-06-25). "Startup Acumatica Brings CRM, ERP To The Web". ChannelWeb. Archived from the original on 2013-01-21.
  15. ^ "New Acumatica CEO Plans for Growth", Nucleus Research, April 2014, archived from the original on 2014-12-31, retrieved 2014-12-30(registration required)
  16. ^ "Acumatica Cloud ERP Now On AWS Test Drive". Panorama Consulting Solutions. 2015-02-23. Archived from the original on 2018-06-22. Retrieved 2018-06-22.
  17. ^ "Acumatica: ERP on Windows Azure". Channel Futures. 2009-11-19. Archived from the original on 2018-06-22. Retrieved 2018-06-22.
  18. ^ Roe, David (2009-05-27). "Acumatica Business Management Suite Hosted Anywhere You Want". CMS Wire. Archived from the original on 2009-05-28. Retrieved 2009-07-27.
  19. ^ "JAAS Systems Sells Manufacturing Software Business To Acumatica". Smart Business Dealmakers. 23 April 2020. Archived from the original on 27 July 2020. Retrieved 27 July 2020.
  20. ^ Soper, Taylor (January 25, 2022). "Acquisition news: Acumatica buys IBS Imperium app; APImetrics swoops up API Science: PDQ acquires SmartDeploy". Geek Wire. Archived from the original on February 27, 2022. Retrieved February 27, 2022.
  21. ^ Fineberg, Seth (12 September 2011). "Acumatica Gets Distribution and Financing Deal, Eyes Accountants". Accounting Today. SourceMedia. Archived from the original on 19 January 2012. Retrieved 12 September 2011.
  22. ^ "Acumatica Raises Over $13 Million in New Funding Round Led by Bain Capital-Owned MYOB". Press release. 21 October 2014. Archived from the original on 17 December 2014. Retrieved 30 December 2014.
  23. ^ Cook, John (October 21, 2014). "Cloud accounting startup Acumatica raises $13 million, looks to battle NetSuite". Geek Wire. Archived from the original on February 27, 2022. Retrieved February 27, 2022.
  24. ^ "Accel-KKR funds Acumatica for continued growth - Enterprise Times". Enterprise Times. 2018-06-19. Archived from the original on 2018-07-30. Retrieved 2018-06-22.