Exact Holding

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Exact Holding
Type Naamloze vennootschap (EuronextExact)
Industry Information technology, software
Founded 1984
Headquarters Delft, Netherlands
Key people Erik van der Meijden (CEO)
Products business software
Revenue 217,1 million (2012)[1]
Employees 1867 (2011)[2]
Website Exact Software

Exact Holding N.V., formerly Exact Software B.V., is a Dutch software company, that offers accounting, ERP, and other software for small and medium enterprises. Exact develops cloud-based and on-premises solutions for industries such as accountancy, wholesale distribution, professional services and manufacturing, serving more than 100.000 companies.

Exact, founded in 1984, has its headquarters in Delft. It has subsidiaries and offices in Europe, North America and Asia. The company is listed on Euronext.

History[edit]

Exact Headoffice in Delft

Exact was founded in 1984 by Eduard Hagens, Rinus Dekker, Arco van Nieuwland, Paul van Keep, Paul Fijling and Leo Schonk. The six had worked as freelancers for Grote Beer ("Ursa Major"), one of the first Dutch companies to produce standardized accounting software. When Grote Beer fired all of its freelancers, Hagens et al. started their own business.[3] Their Exact Software would later, in 1994, acquire Grote Beer, which at that time had an annual revenue of ƒ100 million,[4] expanding Exact's customer portfolio to some 60.000 companies.[5] The former company's name was used as a trade mark until 2000.[3]

The 1990s would see an increasingly international focus for Exact, embodied by a range of acquisitions.[5] The take-over of Belgian firms Cobul and Cubic (17.000 customers) in 1989[5] and the opening of offices in the United Kingdom and Russia meant that, as of 1995, 20% of Exact's revenue came from abroad.[6] Expansion into the German market soon followed with the acquisition of Pcas, Bavaria Soft, Szymaniak (1997) and finally Soft Research (1999), German market leader in salary software.[5]

In the 2000's, Exact acquired US manufacturing ERP software providers Macola, JobBOSS, and MAX.[7] In 2007, Exact purchased Longview Holdings for US $51.5 million.[8]

Products[edit]

Exact's rise to market leadership was mostly based on its MS-DOS-based accounting package, also called Exact. It also launched a Windows version of this package, but this was heavily criticized because it never attained the full functionality of the DOS version, leading many companies to stay with the DOS software into the late 1990s.[5]

The Exact package was replaced circa 2000 with a new product, Globe 2000. This Windows NT-based product was designed around a modular architecture dubbed "One-X" that underpinned all of Exact's offerings.[5] Criticism of this software focused on the fact that the One-X architecture was incompatible with the older Exact software, and that it was tied to Microsoft SQL Server, which was considered too heavy a database for the small computers typically used at Exact's small and medium enterprise customers.[5]

See also[edit]

References[edit]

  1. ^ "Exact reports annual results 2012". Exact. Retrieved 20 February 2013. 
  2. ^ "Employees on 17 february 2011". Businessweek. Retrieved 2011-03-30. 
  3. ^ a b Pim van der Beek (21 January 2010). "Exact zet merknaam Grote Beer aan de kant". Computable. Retrieved 23 October 2013. 
  4. ^ "Exact software slokt concurrent Grote Beer op". Trouw. 24 September 1994. 
  5. ^ a b c d e f g Kim Loohuis (17 September 2004). "Exact groeit in twintig jaar tijd uit tot internationale speler". Computable. 
  6. ^ George Marlet (31 May 1995). "Software-bedrijf Exact wil groeien door expansie in buitenland". Trouw. 
  7. ^ "Exact Software will acquire US based Macola Technologies Inc." (Press release). Exact Holding. February 7, 2001. 
  8. ^ "Dutch firm to acquire Longview". The Star (Toronto). September 18, 2007. Retrieved February 24, 2012. 

External links[edit]