Acumatica

Acumatica, Inc.

Company type	Private
Industry	Enterprise resource planning software
Founded	2008
Founder	Serguei Beloussov, Mike Shchelkonogov, John Howell
Headquarters	Bellevue, Washington , United States
Key people	John Case (CEO)
Products	Acumatica Cloud ERP
Owner	EQT AB (until 2025), Vista Equity Partners (from 2025)
Number of employees	600+ (2024)
Website	www.acumatica.com

Acumatica, Inc. is a privately held technology firm that focuses on delivering cloud-based enterprise resource planning (ERP) software tailored for small to mid-sized enterprises. Established in 2008 by Serguei Beloussov, Mike Shchelkonogov, and John Howell, the company is based in Bellevue, Washington, part of the Seattle metropolitan region.

Its primary offering, Acumatica Cloud ERP, facilitates business scalability with adaptable solutions designed for a variety of industry sectors. By 2024, Acumatica employs more than 600 staff members and is owned by EQT AB. The company’s CEO, John Case—who brings extensive experience from Microsoft Office—leads the organization’s strategic direction and market growth initiatives.

Acumatica has formed significant alliances with organizations such as BDO USA and Shopify to boost its digital transformation services and expand its presence in international markets.

History

The introduction of Acumatica ERP occurred in 2008, followed by the release of both on-premises and SaaS editions in 2009. In 2014, Jon Roskill, formerly a Microsoft Vice President, took on the role of CEO, coinciding with the debut of the xRP cloud platform. The leadership transitioned again in 2022 when John Case, another former Microsoft corporate VP, was appointed CEO to propel accelerated expansion.

In 2019, private equity firm EQT AB acquired Acumatica, fostering its worldwide growth efforts including establishing a London office in 2021 to better serve clients in the UK and Ireland. The year 2024 saw ERP industry experts Zach Nelson and Nancy Harris join Acumatica’s board of directors, strengthening governance alongside executives such as John Case and Kim Clarke.

A pivotal development occurred in 2025 when Vista Equity Partners—a global investment entity specializing in enterprise software and tech-driven companies—acquired Acumatica, marking a key evolution in its ownership and investment landscape.

Technology

Acumatica’s ERP system is developed on its exclusive web-based xRP platform and is available through various licensing options: on-premises installation, cloud deployment, or SaaS delivery. The SaaS solution utilizes leading cloud providers including Amazon Web Services, Microsoft Azure, and SQL Azure. Licensed deployments operate on Microsoft Windows Server paired with SQL Server databases, with applications crafted using .NET managed code. This versatile deployment approach aligns with Acumatica’s strategy to address diverse customer requirements while maintaining a strong foothold in cloud ERP markets.

Acquisitions

In 2020, Acumatica broadened its product range by acquiring JAAS Advanced Manufacturing Software from JAAS Systems. Two years later, it enhanced its real estate management capabilities through the purchase of IBS Imperium, a property management software solution.

Funding

Strategic investments have played a crucial role in Acumatica’s expansion. In 2011, Visma invested in the company. A funding round exceeding $13 million led by MYOB (owned by Bain Capital) took place in 2014. Additional capital arrived in 2018 through a $25 million Series C financing led by Accel-KKR, supporting ongoing growth and innovation within its cloud ERP offerings.