Acumatica Explained

Acumatica, Inc.
Type:Private
Industry:Computer software
Owner:EQT AB
Hq Location City:Bellevue, Washington
Hq Location Country:United States
Key People:John Case (CEO)[1]
Products:Acumatica Cloud ERP
Num Employees:600+
Num Employees Year:2024

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.[2]

Acumatica has partnerships with BDO USA[3] and Shopify.[4]

History

The Acumatica ERP product was introduced in 2008[5] followed a year later by on-premises and SaaS versions.[6]

In 2014, former Microsoft Vice President Jon Roskill became CEO[7] and the xRP cloud platform launched.[8] In 2022, the organization named John Case, a former corporate vice president at Microsoft, as its new CEO.[9]

Private-equity fund EQT AB purchased Acumatica in 2019[10] 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

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]

The SaaS product runs on Amazon Web Services,[15] Azure[16] and SQL Azure. Licensed software runs on Microsoft Windows Server / SQL Server and applications run as .NET managed code.[17]

Acquisitions

In 2020, Acumatica acquired JAAS Advanced Manufacturing Software from JAAS Systems.[18]

In 2022, Acumatica acquired IBS Imperium, a property management application.[19]

Funding

In 2011, Acumatica received an unquantified investment from Visma.[20] In 2014, Acumatica raised over $13 million in funding, led by MYOB[21] [22] In 2018, the company raised $25 million in Series C funding, led by Accel-KKR.[23]

Notes and References

  1. Web site: 'Acumatica names former Microsoft Office exec as CEO amid rapid growth. Seattle Inno. February 16, 2022. Rick. Morgan. April 14, 2022. February 16, 2022. https://web.archive.org/web/20220216225418/https://www.bizjournals.com/seattle/inno/stories/news/2022/02/16/acumatica-new-ceo-former-microsoft-office-exec.html. live.
  2. Web site: Acumatica opens new HQ in Seattle region with plans to grow headcount 20% globally in 2024. Bishop . Todd . June 6, 2024 . Geek Wire. July 15, 2024 .
  3. Web site: Acumatica and BDO Partner to Accelerate Digital Transformation and Disrupt Industry Landscape. CPA Practice Advisor. 12 December 2019. 27 July 2020. 27 July 2020. https://web.archive.org/web/20200727064227/https://www.cpapracticeadvisor.com/accounting-audit/news/21117873/acumatica-and-bdo-partner-to-accelerate-digital-transformation-and-disrupt-industry-landscape. live.
  4. Web site: Shopify opens e-commerce platform to enterprise ERP vendors. TechTarget. October 15, 2021. Jim. O'Donnell. May 6, 2022. May 16, 2022. https://web.archive.org/web/20220516142857/https://www.techtarget.com/searcherp/news/252508240/Shopify-opens-e-commerce-platform-to-enterprise-ERP-vendors. live.
  5. Web site: Acumatica cloud ERP, IFS systems fit together well TechTarget . 2023-04-26 . ERP . en.
  6. Web site: A Brief History of ERP Software Including Dynamics GP and Acumatica. ERP Software. April 1, 2020. February 27, 2022. February 27, 2022. https://web.archive.org/web/20220227162613/https://www.erpsoftwareblog.com/2020/04/a-brief-history-of-erp-software-including-dynamics-gp-and-acumatica/. live.
  7. Web site: Former Microsoft VP Jon Roskill named Acumatica CEO. Geekwire. 5 March 2014. 5 March 2014. 13 March 2014. https://web.archive.org/web/20140313195948/http://www.geekwire.com/2014/acumatica-taps-former-microsoft-vp-jon-roskill-new-ceo/. live.
  8. Web site: Acumatica Launches Cloud xRP Platform Enabling Software Companies to Get to SaaS Fast. Press release. 30 December 2014. 2014-12-31. https://web.archive.org/web/20141231021212/http://www.marketwatch.com/story/acumatica-launches-cloud-xrp-platform-enabling-software-companies-to-get-to-saas-fast-2014-05-28. live.
  9. Web site: Acumatica names former Microsoft Office exec as CEO amid rapid growth. News article. 25 July 2024.
  10. Web site: Runa Capital has $157M to spend — and will now also back deep tech and quantum startups . Perez . Yessi Bello . May 6, 2020 . The Next Web. June 16, 2020 . June 16, 2020 . https://web.archive.org/web/20200616214340/https://thenextweb.com/growth-quarters/2020/05/06/runa-capital-has-157m-to-spend-and-will-now-also-back-deep-tech-and-quantum-startups/ . live .
  11. Web site: Acumatica Opens London Office and Welcomes New Country Manager to Better Serve UK and Ireland Customers. Economy Magazine. July 7, 2021. May 6, 2022. October 15, 2022. https://web.archive.org/web/20221015001514/https://www.economymagazine.it/acumatica-opens-london-office-and-welcomes-new-country-manager-to-better-serve-uk-and-ireland-customers/. live.
  12. Web site: ERP Industry Leaders Zach Nelson and Nancy Harris Join Acumatica Board of Directors. Press release. 25 July 2024.
  13. Cloud Computing Journal . Azure Gets its First Commercial ERP App . Maureen . O'Gara . 2009-12-05 . 2009-12-10 . 2009-11-28 . https://web.archive.org/web/20091128124937/http://cloudcomputing.sys-con.com/node/1201754 . live .
  14. ChannelWeb . Startup Acumatica Brings CRM, ERP To The Web . Kevin . McLaughlin . 2009-06-25 . https://archive.today/20130121124504/http://www.crn.com/software/218101392;jsessionid=OZF4ZLYFJZDSOQSNDLOSKH0CJUNN2JVN . dead . 2013-01-21 .
  15. News: Acumatica Cloud ERP Now On AWS Test Drive. 2015-02-23. Panorama Consulting Solutions. 2018-06-22. en-US. 2018-06-22. https://web.archive.org/web/20180622032942/https://www.panorama-consulting.com/acumatica-cloud-erp-now-on-aws-test-drive/. live.
  16. News: Acumatica: ERP on Windows Azure. 2009-11-19. Channel Futures. 2018-06-22. 2018-06-22. https://web.archive.org/web/20180622032711/http://www.channelfutures.com/cloud-services/acumatica-erp-windows-azure. live.
  17. CMS Wire . Acumatica Business Management Suite Hosted Anywhere You Want . David . Roe . 2009-05-27 . 2009-07-27 . 2009-05-28 . https://web.archive.org/web/20090528072227/http://www.cmswire.com/cms/enterprise-cms/acumatica-business-management-suite-hosted-anywhere-you-want-004695.php . live .
  18. Web site: 23 April 2020 . JAAS Systems Sells Manufacturing Software Business To Acumatica . live . https://web.archive.org/web/20200727093033/https://www.smartbusinessdealmakers.com/articles/topic/jaas-systems-sells-manufacturing-software-business-to-acumatica/ . 27 July 2020 . 27 July 2020 . Smart Business Dealmakers.
  19. Web site: Soper . Taylor . January 25, 2022 . Acquisition news: Acumatica buys IBS Imperium app; APImetrics swoops up API Science: PDQ acquires SmartDeploy . live . https://web.archive.org/web/20220227162337/https://www.geekwire.com/2022/acquisition-news-acumatica-buys-ibs-imperium-app-apimetrics-swoops-up-api-science/ . February 27, 2022 . February 27, 2022 . Geek Wire.
  20. Web site: Fineberg . Seth . 12 September 2011 . Acumatica Gets Distribution and Financing Deal, Eyes Accountants . live . https://web.archive.org/web/20120119060728/http://www.accountingtoday.com/news/-59941-1.html . 19 January 2012 . 12 September 2011 . Accounting Today . SourceMedia.
  21. Web site: 21 October 2014 . Acumatica Raises Over $13 Million in New Funding Round Led by Bain Capital-Owned MYOB . live . https://web.archive.org/web/20141217163019/http://venturebeat.com/2014/10/21/acumatica-raises-over-13-million-in-new-funding-round-led-by-bain-capital-owned-myob/ . 17 December 2014 . 30 December 2014 . Press release.
  22. Web site: Cook . John . October 21, 2014 . Cloud accounting startup Acumatica raises $13 million, looks to battle NetSuite . live . https://web.archive.org/web/20220227163200/https://www.geekwire.com/2014/cloud-accounting-software-startup-acumatica-raises-13-million/ . February 27, 2022 . February 27, 2022 . Geek Wire.
  23. News: 2018-06-19 . Accel-KKR funds Acumatica for continued growth - Enterprise Times . live . https://web.archive.org/web/20180730124606/https://www.enterprisetimes.co.uk/2018/06/19/accel-kkr-funds-acumatica-for-continued-growth/ . 2018-07-30 . 2018-06-22 . Enterprise Times . en-GB.

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