Company:Acumatica

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Short description: Technology company
Acumatica
TypePrivately held company
IndustryComputer software
Founded2008; 16 years ago (2008)
Founder
Headquarters
Kirkland, Washington
,
United States
Key people
John Case (CEO)[1]
ProductsAcumatica Cloud ERP
OwnerEQT Partners[2]
Number of employees
500+[1] (2021)
Websitewww.acumatica.com

Acumatica provides cloud and browser based enterprise resource planning software for small and medium-sized businesses. The company is headquartered in Kirkland, Washington (state) , 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]

Private-equity fund EQT Partners purchased Acumatica in 2019[2] and a London office opened in 2021.[10]

Acquisitions

  • 2020, JAAS Advanced Manufacturing Software from JAAS Systems[11]
  • 2022, IBS Imperium, a property management application[12]

Funding

  • 2011, unquantified investment from Visma[13]
  • 2014, over $13 million led by MYOB[14][15]
  • 2018, $25 million Series C funding led by Accel-KKR[16]

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.[17][18][19]

The SaaS product runs on Amazon Web Services,[20] Azure[21] and SQL Azure.[17] Licensed software runs on Microsoft Windows Server / SQL Server and applications run as .NET managed code.[22]

Recognition

2012 Named a Top 100 Global Finalist by Red Herring[23]
#1 in the Top 20 Coolest Cloud Vendors by CRN[24]
2013 Featured in CRN's 20 Coolest Cloud Software Vendors of the Cloud[25]
Finalist for the CODiE Awards Best Supply Chain Management Solution[26]
One of the top 50 Russian start-ups[27]
2014 Gold Stevie Award[28]
CODiE Award for Best Supply Chain Management Solution[29]
2016 CODiE Award for Best Supply Chain Management Solution[30]
2017 PC Magazine Editors' Choice Award for Best ERP Software[31]
CODiE Award for Best Cloud ERP Solution[30]
2018 Gartner's highest score for customer satisfaction[32]
CODiE Award Best Cloud ERP Solution[33]
CODiE Award Best Manufacturing Solution[33]
2019 Finalist for Most Innovative Business at the IDEA Awards[34]
PC Magazine top ten Best Inventory Management Software[35]
2020 CEO Jon Roskill winner Business Intelligence Group awards[36]
2021 CODiE Award for Best ERP Solution[37]
Gartner Magic Quadrant niche player in Cloud ERP for Product-Centric Enterprises[38]

References

  1. ↑ 1.0 1.1 Morgan, Rick (February 16, 2022). "'Acumatica names former Microsoft Office exec as CEO amid rapid growth". https://www.bizjournals.com/seattle/inno/stories/news/2022/02/16/acumatica-new-ceo-former-microsoft-office-exec.html. 
  2. ↑ 2.0 2.1 Perez, Yessi Bello (May 6, 2020). "Runa Capital has $157M to spend — and will now also back deep tech and quantum startups". https://thenextweb.com/growth-quarters/2020/05/06/runa-capital-has-157m-to-spend-and-will-now-also-back-deep-tech-and-quantum-startups/. 
  3. ↑ Bishop, Todd (February 7, 2020). "Acumatica ramps up after private equity deal, using new owner's cash for an acquisition of its own". https://www.geekwire.com/2020/acumatica-ramps-private-equity-deal-using-new-owners-cash-acquisition/. 
  4. ↑ "Acumatica and BDO Partner to Accelerate Digital Transformation and Disrupt Industry Landscape". 12 December 2019. https://www.cpapracticeadvisor.com/accounting-audit/news/21117873/acumatica-and-bdo-partner-to-accelerate-digital-transformation-and-disrupt-industry-landscape. 
  5. ↑ O'Donnell, Jim (October 15, 2021). "Shopify opens e-commerce platform to enterprise ERP vendors". https://www.techtarget.com/searcherp/news/252508240/Shopify-opens-e-commerce-platform-to-enterprise-ERP-vendors. 
  6. ↑ "Acumatica cloud ERP, IFS systems fit together well | TechTarget" (in en). https://www.techtarget.com/searcherp/news/252472546/Acumatica-cloud-ERP-IFS-systems-fit-together-well. 
  7. ↑ "A Brief History of ERP Software Including Dynamics GP and Acumatica". April 1, 2020. https://www.erpsoftwareblog.com/2020/04/a-brief-history-of-erp-software-including-dynamics-gp-and-acumatica/. 
  8. ↑ "Former Microsoft VP Jon Roskill named Acumatica CEO". 5 March 2014. http://www.geekwire.com/2014/acumatica-taps-former-microsoft-vp-jon-roskill-new-ceo/. 
  9. ↑ "Acumatica Launches Cloud xRP Platform Enabling Software Companies to Get to SaaS Fast". Press release. http://www.marketwatch.com/story/acumatica-launches-cloud-xrp-platform-enabling-software-companies-to-get-to-saas-fast-2014-05-28. 
  10. ↑ "Acumatica Opens London Office and Welcomes New Country Manager to Better Serve UK and Ireland Customers". July 7, 2021. https://www.economymagazine.it/acumatica-opens-london-office-and-welcomes-new-country-manager-to-better-serve-uk-and-ireland-customers/. 
  11. ↑ "JAAS Systems Sells Manufacturing Software Business To Acumatica". 23 April 2020. https://www.smartbusinessdealmakers.com/articles/topic/jaas-systems-sells-manufacturing-software-business-to-acumatica/. 
  12. ↑ Soper, Taylor (January 25, 2022). "Acquisition news: Acumatica buys IBS Imperium app; APImetrics swoops up API Science: PDQ acquires SmartDeploy". https://www.geekwire.com/2022/acquisition-news-acumatica-buys-ibs-imperium-app-apimetrics-swoops-up-api-science/. 
  13. ↑ Fineberg, Seth (12 September 2011). "Acumatica Gets Distribution and Financing Deal, Eyes Accountants". Accounting Today. SourceMedia. http://www.accountingtoday.com/news/-59941-1.html. 
  14. ↑ "Acumatica Raises Over $13 Million in New Funding Round Led by Bain Capital-Owned MYOB". Press release. 21 October 2014. https://venturebeat.com/2014/10/21/acumatica-raises-over-13-million-in-new-funding-round-led-by-bain-capital-owned-myob/. 
  15. ↑ Cook, John (October 21, 2014). "Cloud accounting startup Acumatica raises $13 million, looks to battle NetSuite". https://www.geekwire.com/2014/cloud-accounting-software-startup-acumatica-raises-13-million/. 
  16. ↑ "Accel-KKR funds Acumatica for continued growth - Enterprise Times" (in en-GB). Enterprise Times. 2018-06-19. https://www.enterprisetimes.co.uk/2018/06/19/accel-kkr-funds-acumatica-for-continued-growth/. 
  17. ↑ 17.0 17.1 O'Gara, Maureen (2009-12-05). "Azure Gets its First Commercial ERP App". Cloud Computing Journal. http://cloudcomputing.sys-con.com/node/1201754. Retrieved 2009-12-10. 
  18. ↑ McLaughlin, Kevin (2009-06-25). "Startup Acumatica Brings CRM, ERP To The Web". ChannelWeb. http://www.crn.com/software/218101392;jsessionid=OZF4ZLYFJZDSOQSNDLOSKH0CJUNN2JVN. 
  19. ↑ New Acumatica CEO Plans for Growth, April 2014, http://nucleusresearch.com/research/single/new-acumatica-ceo-plans-for-growth/, retrieved 2014-12-30 (registration required)
  20. ↑ "Acumatica Cloud ERP Now On AWS Test Drive" (in en-US). Panorama Consulting Solutions. 2015-02-23. https://www.panorama-consulting.com/acumatica-cloud-erp-now-on-aws-test-drive/. 
  21. ↑ "Acumatica: ERP on Windows Azure". Channel Futures. 2009-11-19. http://www.channelfutures.com/cloud-services/acumatica-erp-windows-azure. 
  22. ↑ Roe, David (2009-05-27). "Acumatica Business Management Suite Hosted Anywhere You Want". CMS Wire. http://www.cmswire.com/cms/enterprise-cms/acumatica-business-management-suite-hosted-anywhere-you-want-004695.php. Retrieved 2009-07-27. 
  23. ↑ "2011 RED HERRING GLOBAL TOP 100". Red Herring. http://www.redherring.com/red-herring-global/2011-red-herring-global-finalists/. 
  24. ↑ Hickey, Andrew R. (12 March 2012). "The 20 Coolest Cloud Software Vendors". CRN. http://www.crn.com/slide-shows/cloud/232602428/the-20-coolest-cloud-software-vendors.htm. 
  25. ↑ "The 20 Coolest Cloud Software Vendors Of The Cloud 100". 13 March 2013. http://www.crn.com/slide-shows/cloud/240150505/the-20-coolest-cloud-software-vendors-of-the-cloud-100.htm?pgno=2. 
  26. ↑ "Acumatica Cloud ERP Named SIIA Software CODiE Award Finalist for Best Supply Chain Management Solution". http://www.prweb.com/releases/2013/3/prweb10555222.htm. 
  27. ↑ "The Top 50 Russian Start-Ups". Article. Russia Behind the Headlines. http://rbth.ru/startup_rate. 
  28. ↑ "2014 New Product Awards & Product Management Categories". Stevie Awards. http://www.stevieawards.com/pubs/awards/403_2941_24921.cfm. 
  29. ↑ "Acumatica Wins SIIA Software CODiE Award". http://finance.yahoo.com/news/acumatica-wins-siia-software-codie-213000457.html. 
  30. ↑ 30.0 30.1 "Acumatica Wins Best Cloud ERP Solution". 2017. https://www.dynamictechservices.com/acumatica-wins-2017-codie-best-cloud-erp/. 
  31. ↑ "Acumatica takes award for Best ERP Software | IOL Business Report" (in en). https://www.iol.co.za/business-report/acumatica-takes-award-for-best-erp-software-10878630. 
  32. ↑ "Acumatica lands $25M, plans bigger challenge to SAP, Oracle, other cloud business software rivals". 18 June 2018. https://www.geekwire.com/2018/acumatica-lands-25m-funding-plans-bigger-challenge-sap-oracle-cloud-business-software-rivals/. 
  33. ↑ 33.0 33.1 "Acumatica Wins 2018 SIIA CODiE Awards for Best Manufacturing Solution and Best Cloud ERP Solution". 20 June 2018. https://www.collinscomputing.com/erp-software/acumatica-wins-2018-siia-codie-awards-for-best-manufacturing-solution-and-best-cloud-erp-solution/. 
  34. ↑ "2019 IDEA Awards". November 22, 2019. https://425business.com/2019-idea-awards/. 
  35. ↑ Needleman, Ted (December 27, 2019). "The Best Inventory Management Software for 2020". https://www.pcmag.com/picks/the-best-inventory-management-software. 
  36. ↑ "5 Executives and 100 Companies and Products Leading in Innovation in 2020" (in en-US). https://www.bintelligence.com/blog/2020/1/22/5-executives-and-100-companies-and-products-leading-in-innovation-in-2020. 
  37. ↑ "Business Technology Winners". https://history.siia.net/codie/2021-winners. 
  38. ↑ Jepma, William (September 7, 2021). "What's Changed: 2021 Gartner Magic Quadrant for Cloud ERP for Product-Centric Enterprises". https://solutionsreview.com/enterprise-resource-planning/whats-changed-2021-gartner-magic-quadrant-for-cloud-erp-for-product-centric-enterprises/. 

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