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Acumatica
Company typePrivately held company
IndustryComputer software
FoundedBethesda, Maryland (2008)
FounderSerg Bell Edit this on Wikidata
SuccessorEQT AB Edit this on Wikidata
Headquarters
Bellevue, Washington
Key people
Serguei Beloussov (Executive Chairman and Founder)
Mike Chtchelkonogov (CTO and Founder)
John Howell (Director and Founder)
Jon Roskill (CEO)
ProductsAcumatica Cloud ERP
Financial Management
Customer Management
Project Accounting
Distribution Management
Manufacturing Management
Field Services Edition
Manufacturing Edition
Distribution Edition
Construction Edition
Number of employees
250+ (as of June 2018)
Websitewww.acumatica.com

Acumatica, founded in 2008,[1] 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 (Seattle metropolitan area) and has a number of satellite offices around the globe.[2]

Product

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.[3][4] Acumatica CEO Jon Roskill told Nucleus Research that the company will continue to expand horizontal functionality while channel partners continue to develop vertical extensions to the product line.[5] Acumatica sells the following suites:

  • Acumatica Financial Management Suite
  • Acumatica Customer Management Suite
  • Acumatica Inventory Management Suite
  • Acumatica Project Accounting Suite

Acumatica operates with 3 different go-to-market models:

  • Acumatica branded resellers: Acumatica Cloud ERP is 100% sold through channel partners
  • Private label (OEM) business: Visma,[6] MYOB[7], Acceo[8], Senior Software and LexWare give Acumatica expanded international reach
  • xRP Cloud Platform for vertical ISVs (e.g. hotel or property management, non-profit fundraising, public housing, etc.)

Operating environment

Acumatica's SaaS offering runs on Amazon Web Services (AWS)[9] and Windows Azure[10] and SQL Azure.[3] Acumatica's licensed software runs on a Microsoft Windows Server with a Microsoft SQL database. Applications run as .NET managed code.[11]

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. Acumatica's distribution software came a year later in April 2010.

Acumatica received an investment from Visma in September 2011.[12]

In September 2012, former Microsoft General Manager and Worldwide SMB Sales & Marketing Operations Executive Yury Larichev joined Acumatica as its new Chief Operating Officer.[13] Larichev became the company's Chief Executive Officer at the onset of 2013, soon after the company moved its headquarters to Kirkland, WA.[14][15]

In early 2013, Acumatica appointed Christian Lindberg as VP of Partner Solutions.[16] In March of the same year, Acumatica launched version 4.0 of its ERP suite, which introduced a new user interface as well as Acumatica Studio for ERP app development.[17] The product launched in Asia 2 months later alongside the appointment of Erwan Philippe as the Asia General Manager.[18][19] Jeff Wilson also joined the Acumatica team as Chief Financial Officer during this time.[20]

In March 2014, former Microsoft VP Jon Roskill was named Acumatica's new CEO.[21] Acumatica launched its xRP Cloud Platform 2 months later.[22] In the fall of 2014, Acumatica released the beta version of its new suite, Acumatica 5.0.[23] Around the same time, Acumatica secured over $13 million in funding in an effort led by MYOB.[24]

In June 2018, it secured a $25 million Series C round of funding led by Accel-KKR, a Silicon Valley technology-focused investment firm[25]. Acumatica will use this investment to support growth, add headcount and fund further development of Artificial intelligence (AI), machine learning capabilities embedded in its software.

Corporate identity

Logo design

  • 2013–2015
    2013–2015
  • 2016–present
    2016–present

Awards and recognition

In 2012, Acumatica was named a Top 100 Global Finalist by Red Herring[26] and number 1 in the Top 20 Coolest Cloud Vendors by CRN.[27] Gleanster also labeled Acumatica the best SMB CRM suite in all four of its categories: Ease of Deployment, Ease of Use, Features/Functionality, and Overall Value.[28]

In 2013, Acumatica was named 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.[29] Acumatica was a finalist for the 2013 SIIA Software CODiE Awards for Best Supply Chain Management Solution,[30] and it was also recognized as one of the top 50 Russian start-ups of the year.[31]

In 2014, Acumatica won a Gold Stevie in the "New Product or Service of the Year" category for its Cloud Platform.[32] Acumatica was awarded a SIIA Software CODiE Award in May of the same year for Best Supply Chain Management Solution.[33]

By August 2017, Acumatica Cloud ERP had received PCMag Editors' Choice Awards for Best ERP Software.[34]

Technology Evaluation Centers has publicly recognized the company, stating that "Old and new ERP establishments should watch out for Acumatica . . . Acumatica’s offerings give both new and old ERP software vendors a run for their money."[35]

Sister companies

Founder Serguei Beloussov is involved with a number of sister companies, including Acronis and Parallels.[citation needed]

Competitors

Acumatica's SaaS offering runs on Amazon Web Services (AWS) and Windows Azure and SQL Azure.[3] Acumatica's licensed software runs on a Microsoft Windows Server with a Microsoft SQL database. Applications run as .NET managed code.[11] Competitors include the following:

Version history

Version Date Notes
1.4 [36] 21 Apr 2010
2.0 [37] 6 Jan 2011
2.2 [38] 17 Aug 2011
3.0 [39] 22 Mar 2012
4.0 [40] 5 Mar 2013
4.1 [41] 19 Aug 2013
4.2 [42] 10 Apr 2014
5 [43] 22 Jan 2015
5.1 [44] 21 Apr 2015
5.2 [45] 27 Aug 2015
5.3 [46] 31 Jan 2016
6 [47] 8 Sep 2016
2017 R1 [48] 31 Jan 2017 previously known as 6.1 [49]
2017 R2 [50] 13 Sep 2017

References

  1. ^ "Company -". acumatica.com. Retrieved 2 August 2015.
  2. ^ "Contact -". acumatica.com. Retrieved 2 August 2015.
  3. ^ a b c O'Gara, Maureen (2009-12-05). "Azure Gets its First Commercial ERP App". Cloud Computing Journal.
  4. ^ McLaughlin, Kevin (2009-06-25). "Startup Acumatica Brings CRM, ERP To The Web". ChannelWeb.[permanent dead link]
  5. ^ New Acumatica CEO Plans for Growth, Nucleus Research, April 2014(registration required)
  6. ^ "Visma, a KKR portfolio company, Invests in Acumatica". Retrieved 2018-06-22.
  7. ^ "MYOB Advanced Launches: ERP Based on Acumatica - Digital First". Digital First. 2015-02-02. Retrieved 2018-06-22.
  8. ^ "ACCEO Launches New, 100% Cloud-Based ERP Solution - ACCEO". ACCEO. 2016-09-07. Retrieved 2018-06-22.
  9. ^ "Acumatica Cloud ERP Now On AWS Test Drive". Panorama Consulting Solutions. 2015-02-23. Retrieved 2018-06-22.
  10. ^ "Acumatica: ERP on Windows Azure". Channel Futures. 2009-11-19. Retrieved 2018-06-22.
  11. ^ a b Roe, David (2009-05-27). "Acumatica Business Management Suite Hosted Anywhere You Want". CMS Wire.
  12. ^ Fineberg, Seth. "Acumatica Gets Distribution and Financing Deal, Eyes Accountants". Accounting Today. SourceMedia. Retrieved 12 September 2011.
  13. ^ "Acumatica Names Microsoft Exec Yury Larichev as Chief Operating Officer", Press release, Acumatica, September 10, 2012
  14. ^ https://archive.is/20130216183831/http://www.seattlepi.com/business/press-releases/article/Acumatica-Cloud-ERP-Appoints-Yury-Larichev-as-4192078.php. Archived from the original on February 16, 2013. Retrieved January 17, 2013. {{cite web}}: Missing or empty |title= (help); Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  15. ^ "Acumatica Moves Headquarters to Seattle Area". Accounting Technology. December 3, 2012.
  16. ^ Whiting, Rick (15 February 2013). "Acumatica Hires Former Microsoft Exec To Manage ISV Partner Program". CRN. Retrieved 23 May 2013.
  17. ^ Fineberg, Seth (6 March 2013). "Acumatica Releases Version 4 Of Cloud ERP Software". Information Management. Retrieved 23 May 2013.
  18. ^ "Acumatica Cloud ERP Launches Latest 4.0 Version in the Philippines". Press release. Retrieved 23 May 2013.
  19. ^ "Acumatica Appoints Erwan Philippe as General Manager, Asia". Press release. Acumatica. Retrieved 23 May 2013.
  20. ^ Scott, Bob (21 March 2013). "Acumatica Picks CFO". Retrieved 23 May 2013.
  21. ^ "Former Microsoft VP Jon Roskill named Acumatica CEO". Press release. Retrieved 5 March 2014.
  22. ^ "Acumatica Launches Cloud xRP Platform Enabling Software Companies to Get to SaaS Fast". Press release. Retrieved 30 December 2014.
  23. ^ "Acumatica Unveils 5.0 Beta, Honors Partners at 2014 Summit". Press release. Retrieved 30 December 2014.
  24. ^ "Acumatica Raises Over $13 Million in New Funding Round Led by Bain Capital-Owned MYOB". Press release. Retrieved 30 December 2014.
  25. ^ "Accel-KKR funds Acumatica for continued growth - Enterprise Times". Enterprise Times. 2018-06-19. Retrieved 2018-06-22.
  26. ^ "2011 RED HERRING GLOBAL TOP 100". Red Herring. Retrieved 2 August 2015.
  27. ^ Andrew R. Hickey. "The 20 Coolest Cloud Software Vendors". CRN. Retrieved 2 August 2015.
  28. ^ Gleansight: CRM for Small and Midsize Businesses, Gleanster, October 2012(registration required)
  29. ^ "The 20 Coolest Cloud Software Vendors Of The Cloud 100". Slideshow. CRN. Retrieved 23 May 2013.
  30. ^ "Acumatica Cloud ERP Named SIIA Software CODiE Award Finalist for Best Supply Chain Management Solution". Press release. PR Web. Retrieved 23 May 2013.
  31. ^ "The Top 50 Russian Start-Ups". Article. Russia Behind the Headlines. Retrieved 23 May 2013.
  32. ^ "2014 New Product Awards & Product Management Categories". Stevie Awards. Retrieved 2015-08-02.
  33. ^ https://web.archive.org/web/20141231031018/http://finance.yahoo.com/news/acumatica-wins-siia-software-codie-213000457.html. Archived from the original on December 31, 2014. Retrieved December 30, 2014. {{cite web}}: Missing or empty |title= (help); Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  34. ^ "Acumatica takes award for Best ERP Software | IOL Business Report". Retrieved 2017-11-15.
  35. ^ "Old and New ERP Establishments Should Watch Out for Acumatica". technologyevaluation.com. Retrieved 2 August 2015.
  36. ^ "Acumatica Cloud ERP Version 1.4 Delivers Enhanced Distribution and Integration Features". www.servicessipd.com.
  37. ^ [1]
  38. ^ "Acumatica Releases Version 2.2 of its Cloud Accounting, ERP, and CRM Software". www.businesswire.com.
  39. ^ "Acumatica 3.0 – Cloud ERP for Professional Service, Non-Profit, and Multi-Location Businesses". www.servicessipd.com.
  40. ^ "Acumatica 4.0 Launches to Meet Channel Partner and SMB Customer Demand for Adaptable Cloud ERP - Acumatica Cloud ERP".
  41. ^ "Acumatica Releases Version 4.1 of Cloud ERP: Major User-Friendly Upgrades - Acumatica Cloud ERP".
  42. ^ "Acumatica Releases Latest Version 4.2, Expected To Fuel Continued Growth - Acumatica Cloud ERP".
  43. ^ "Acumatica Scores Touchdown with Product Launch - Acumatica Cloud ERP".
  44. ^ "Acumatica 5.1 now available". 23 April 2015.
  45. ^ "Acumatica 5.2 New Features and Improvements". 7 August 2015.
  46. ^ "Acumatica 5.3 Unveiled at Acumatica Summit 2016 - Acumatica Cloud ERP".
  47. ^ "Acumatica Launches New Version of Award-Winning Cloud ERP Product: Acumatica 6 - Acumatica Cloud ERP".
  48. ^ "Acumatica Release News - Acumatica Cloud ERP".
  49. ^ "Acumatica Releases Acumatica 2017 R2 - Acumatica Cloud ERP".
  50. ^ "Acumatica 2017 R2 Delivers Cloud ERP Advances - Acumatica Cloud ERP".

[1] [2]

External links

  1. ^ "Acumatica's Solutions Tour To Feature Next-Gen Cloud Business Solutions". 13 October 2015.
  2. ^ Acumatica Asia Tour 2015 Archived October 16, 2015, at the Wayback Machine
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