Sage Intacct
| File:Sage-logo svg.svg | |
| File:Sage Intacct.png | |
| Formerly | Intacct Corporation |
|---|---|
| Company type | Subsidiary |
| Industry | Software |
| Founded | 1999 |
| Founder |
|
| Headquarters | |
Key people | Steve Hare (CEO – The Sage Group plc) |
| Products | Accounting software |
Number of employees | 500 (2018) |
| Parent | Sage Group |
| Website | www |
Sage Intacct, Inc is a US-based supplier of cloud accounting software and related services, operating across the United States, Canada, the United Kingdom, Australia, and South Africa. Its solutions facilitate business payment processing, invoice management, and payroll administration.
Established in 1999, the company was purchased by The Sage Group in 2017 for $850 million.
History
Founded in 1999 by Odysseas Tsatalos and David Chandler Thomas, Intacct emerged as an early innovator in cloud accounting software with headquarters located in San Jose, California. It developed a comprehensive suite of accounting tools tailored to medium and large enterprises, featuring ERP and e-commerce functionalities.
In 2000, Intacct raised $10 million in its Series A financing round led by venture capital firm Hummer Winblad Venture Partners. Over the period from 2001 through 2014, the company secured an additional $130 million from investors such as Battery Ventures, Bessemer Venture Partners, Sigma Partners, and Emergence Capital. The final funding round in 2014 valued the enterprise at $211 million.
The acquisition by British multinational The Sage Group PLC in 2017 incorporated Intacct’s cloud-based accounting offerings into Sage’s global product lineup, broadening its international footprint and strengthening its market presence under the Sage Intacct brand.
Features
Sage Intacct delivers a range of subscription-based, cloud-hosted accounting applications developed on its proprietary technology platform. Its fundamental modules include accounts payable, accounts receivable, cash management, general ledger, order management, purchasing, collaboration tools, and reporting enhanced with business dashboards.
In addition to core financial functions, Sage Intacct provides optional modules for contract and subscription billing, contract revenue management, fixed asset tracking, inventory control, multi-entity and global financial consolidations, project accounting and billing capabilities, sales and use tax management, as well as time tracking and expense management. The system also supports vendor payment processing. Integration with third-party platforms such as Salesforce, Certify, ADP, and SAP Concur extends its functionality through a broad partner ecosystem.
Operations
Established and headquartered in San Jose, the company initially experienced growth through internal development but has recently accelerated expansion mainly via acquisitions. It maintains offices across the United States, India, and Romania, while product adaptations are crafted at Sage’s global locations in Barcelona, Newcastle upon Tyne, and Poland. Sage Intacct supports a customer base exceeding 14,000 and has a workforce approaching 500 employees worldwide.
Awards and recognition
- Recipient of the 2016 BIG Innovation Awards from the Business Intelligence Group
- Honored with two Best in Biz Awards in 2016
- Featured among the Best Business Products of 2016 by PC Magazine
- Recognized as one of the Best Places to Work in the Bay Area from 2010 through 2017 by Fortune
- Awarded 2017 Best Software for Finance Teams by G2 Crowd
- Ranked #39 in G2 Crowd’s 2019 Top 50 Products for Mid-Market
See also
External links
- Pages with broken file links
- Accounting software
- Financial software companies
- Sage Group
- Software companies established in 1999
- American companies established in 1999
- Software companies based in the San Francisco Bay Area
- Companies based in Silicon Valley
- Software companies of the United States
- 1999 establishments in California
- 5
- Companies of the United States by year of establishment