Acumatica

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Acumatica
TypePrivately held company
IndustryComputer software
Founded2008; 13 years ago (2008) in Bethesda, Maryland
FounderSerguei Beloussov Edit this on Wikidata
SuccessorEQT Partners Edit this on Wikidata
Headquarters
Bellevue, Washington
,
United States
Key people
Serguei Beloussov
(Executive Chairman and Founder)
Mike Chtchelkonogov
(CTO and Founder)
John Howell
(Director and Founder)
Jon Roskill
(CEO)
ProductsAcumatica Cloud ERP
Number of employees
300+[citation needed] (2018)
Websitewww.acumatica.com

Acumatica, founded in 2008, is a technology provider that develops cloud- and browser-based enterprise resource planning (ERP) software for small and medium-sized businesses (SMBs). The company is headquartered in Bellevue, WA in the Seattle metropolitan area.[1]

History[]

In November 2008, Acumatica launched its first product, Acumatica ERP, alongside an accompanying financial demo. In the following year, on-premises and SaaS software versions were released. The firm's distribution software came a year later in April 2010.[citation needed]

Acumatica received an investment from Visma in September 2011.[2]

In 2013, Yury Larichev became the company's Chief Executive Officer, soon after the company moved its headquarters to Kirkland, WA.[3][4]

In March 2003, the firm launched version 4.0 of its ERP suite, which introduced a new user interface, as well as Acumatica Studio for ERP app development.[5]

In March 2014, former Microsoft VP Jon Roskill was named the new CEO.[6] The firm launched its xRP Cloud Platform 2 months later.[7] In the fall of 2014, it released the beta version of its new suite, Acumatica 5.0.[8] A

In 2014, Acumatica secured over $13 million in funding in an effort led by MYOB.[9][third-party source needed] In June 2018, the firm secured a $25 million Series C round of funding led by Accel-KKR, a Silicon Valley technology-focused investment firm.[10] It will use the investment to fund further development of artificial intelligence (AI), machine learning capabilities embedded in its software.[citation needed]

In June 2019, private equity fund EQT Partners acquired Acumatica.[11]

In December 2019, Acumatica announced a partnership with accounting and advisory firm BDO USA[12] and in April 2020, it acquired JAAS Advanced Manufacturing Software from JAAS Systems.[13]

Technology[]

Acumatica's web-based ERP applications are built on top of its internally developed platform xRP. The software can be deployed on-premises, hosted in a data center, or run on a cloud-computing platform (see operating environment below). The software can be licensed or subscribed to as a software as a service (SaaS) solution.[14][15][16]

The firm's SaaS offering runs on Amazon Web Services (AWS)[17] and Windows Azure[18] and SQL Azure.[14] Acumatica's licensed software runs on a Microsoft Windows Server with a Microsoft SQL database. Applications run as .NET managed code.[19]

Recognition[]

2012, Top 100 Global Finalist by Red Herring[20] and number 1 in the Top 20 Coolest Cloud Vendors by CRN.[21]

2013, one of CRN's "20 Coolest Cloud Software Vendors of the Cloud" for "solid growth throughout 2012" and its "ability to offer ERP in a SaaS model or hosted on-premises" in a data center or the cloud.[22] Acumatica was a finalist for the 2013 SIIA Software Codie awards for Best Supply Chain Management Solution,[23] and it was also recognized as one of the top 50 Russian start-ups of the year.[24]

2014, Gold Stevie in the "New Product or Service of the Year" category for its Cloud Platform.[25] and a SIIA Software Codie award for Best Supply Chain Management Solution.[26]

2016, SIIA CODiE Award for Best Supply Chain Management Solution.[27]

20117, PC Mag Editors' Choice Awards for Best ERP Software (Acumatica Cloud ERP); .[28] SIIA CODiE Award for Best Cloud ERP Solution.[27]

In 2018, IT research company Gartner's highest score for customer satisfaction.[29]

2019 finalist for Most Innovative Business att he IDEA Awards,[30] PC Magazine also named it among the top ten Best Inventory Management software for 2020 in late 2019.[31]

2020, CEO Jon Roskill was named a winner in the 2020 BIG Innovation Awards by the Business Intelligence Group.[32]

References[]

  1. ^ Bishop, Todd (February 7, 2020). "Acumatica ramps up after private equity deal, using new owner's cash for an acquisition of its own". Geek Wire. Geek Wire. Retrieved June 16, 2020.
  2. ^ Fineberg, Seth. "Acumatica Gets Distribution and Financing Deal, Eyes Accountants". Accounting Today. SourceMedia. Retrieved 12 September 2011.
  3. ^ "Acumatica Cloud ERP Appoints Yury Larichev as Chief Executive Officer". seattlepi.com. Archived from the original on 2013-02-16.
  4. ^ "Acumatica Moves Headquarters to Seattle Area". Accounting Technology. December 3, 2012. Archived from the original on February 7, 2013. Retrieved December 13, 2012.
  5. ^ Fineberg, Seth (6 March 2013). "Acumatica Releases Version 4 Of Cloud ERP Software". Information Management. Retrieved 23 May 2013.
  6. ^ "Former Microsoft VP Jon Roskill named Acumatica CEO". Press release. Retrieved 5 March 2014.
  7. ^ "Acumatica Launches Cloud xRP Platform Enabling Software Companies to Get to SaaS Fast". Press release. Retrieved 30 December 2014.
  8. ^ "Acumatica Unveils 5.0 Beta, Honors Partners at 2014 Summit". Press release. Archived from the original on 31 December 2014. Retrieved 30 December 2014.
  9. ^ "Acumatica Raises Over $13 Million in New Funding Round Led by Bain Capital-Owned MYOB". Press release. Retrieved 30 December 2014.
  10. ^ "Accel-KKR funds Acumatica for continued growth - Enterprise Times". Enterprise Times. 2018-06-19. Retrieved 2018-06-22.
  11. ^ 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. The Next Web. Retrieved June 16, 2020.
  12. ^ "Acumatica and BDO Partner to Accelerate Digital Transformation and Disrupt Industry Landscape". 12 December 2019.
  13. ^ "JAAS Systems Sells Manufacturing Software Business To Acumatica". 23 April 2020.
  14. ^ Jump up to: a b O'Gara, Maureen (2009-12-05). "Azure Gets its First Commercial ERP App". Cloud Computing Journal.
  15. ^ McLaughlin, Kevin (2009-06-25). "Startup Acumatica Brings CRM, ERP To The Web". ChannelWeb. Archived from the original on 2013-01-21.
  16. ^ New Acumatica CEO Plans for Growth, Nucleus Research, April 2014(registration required)
  17. ^ "Acumatica Cloud ERP Now On AWS Test Drive". Panorama Consulting Solutions. 2015-02-23. Retrieved 2018-06-22.
  18. ^ "Acumatica: ERP on Windows Azure". Channel Futures. 2009-11-19. Retrieved 2018-06-22.
  19. ^ Roe, David (2009-05-27). "Acumatica Business Management Suite Hosted Anywhere You Want". CMS Wire.
  20. ^ "2011 RED HERRING GLOBAL TOP 100". Red Herring. Retrieved 2 August 2015.
  21. ^ Hickey, Andrew R. "The 20 Coolest Cloud Software Vendors". CRN. Retrieved 2 August 2015.
  22. ^ "The 20 Coolest Cloud Software Vendors Of The Cloud 100". Slideshow. CRN. Retrieved 23 May 2013.
  23. ^ "Acumatica Cloud ERP Named SIIA Software CODiE Award Finalist for Best Supply Chain Management Solution". Press release. PR Web. Retrieved 23 May 2013.
  24. ^ "The Top 50 Russian Start-Ups". Article. Russia Behind the Headlines. Archived from the original on 2013-08-22. Retrieved 23 May 2013.
  25. ^ "2014 New Product Awards & Product Management Categories". Stevie Awards. Retrieved 2015-08-02.
  26. ^ "Acumatica Wins SIIA Software CODiE Award". finance.yahoo.com. Archived from the original on 2014-12-31.
  27. ^ Jump up to: a b "Acumatica Wins Best Cloud ERP Solution". Dynamic Tech Services. Dynamic Tech Services. 2017. Retrieved June 23, 2020.
  28. ^ "Acumatica takes award for Best ERP Software | IOL Business Report". Retrieved 2017-11-15.
  29. ^ "Acumatica lands $25M, plans bigger challenge to SAP, Oracle, other cloud business software rivals". 18 June 2018.
  30. ^ "2019 IDEA Awards". 425 Business. 425 Business. November 22, 2019. Retrieved June 23, 2020.
  31. ^ Needleman, Ted (December 27, 2019). "The Best Inventory Management Software for 2020". PC Magazine. PC Magazine. Retrieved June 23, 2020.
  32. ^ "5 Executives and 100 Companies and Products Leading in Innovation in 2020". Business Intelligence Group. Retrieved 2020-03-12.

External links[]

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