|Privately held company|
(Executive Chairman and Founder)
(CTO and Founder)
(Director and Founder)
(Director and Advisor)
|Products||Acumatica Cloud ERP|
Field Services Edition
Number of employees
|300+ (2018)|
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 (Seattle metropolitan area).
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.
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.
In March 2014, former Microsoft VP Jon Roskill was named Acumatica's new CEO. Acumatica launched its xRP Cloud Platform 2 months later. In the fall of 2014, Acumatica released the beta version of its new suite, Acumatica 5.0. Around the same time, Acumatica secured over $13 million in funding in an effort led by MYOB.[third-party source needed]
In January 2018, Kirill Tatarinov, a long-time software industry executive and former President of the Microsoft Business Solutions Division, with end-to-end responsibility for the Microsoft Dynamics business, joined the Board of Directors.
In June 2018, Acumatica secured a $25 million Series C round of funding led by Accel-KKR, a Silicon Valley technology-focused investment firm. 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.
In December 2019, Acumatica announced a partnership with accounting and advisory firm BDO USA.
In April 2020, Acumatica acquired JAAS Advanced Manufacturing Software from JAAS Systems.
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.
Acumatica's SaaS offering runs on Amazon Web Services (AWS) and Windows Azure and SQL Azure. Acumatica's licensed software runs on a Microsoft Windows Server with a Microsoft SQL database. Applications run as .NET managed code.
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. Acumatica was a finalist for the 2013 SIIA Software Codie awards for Best Supply Chain Management Solution, and it was also recognized as one of the top 50 Russian start-ups of the year.
In 2014, Acumatica won a Gold Stevie in the "New Product or Service of the Year" category for its Cloud Platform. Acumatica was awarded a SIIA Software Codie award in May of the same year for Best Supply Chain Management Solution.
In 2016, Acumatica won the SIIA CODiE Award for Best Supply Chain Management Solution.
At the 2019 IDEA Awards, Acumatica was listed as a finalist for Most Innovative Business. PC Magazine also named Acumatica among the top ten Best Inventory Management software for 2020 in late 2019.
In January 2020, Acumatica's CEO Jon Roskill was named a winner in the 2020 BIG Innovation Awards by the Business Intelligence Group.
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- "Acumatica lands $25M, plans bigger challenge to SAP, Oracle, other cloud business software rivals". 18 June 2018.
- "2019 IDEA Awards". 425 Business. 425 Business. November 22, 2019. Retrieved June 23, 2020.
- Needleman, Ted (December 27, 2019). "The Best Inventory Management Software for 2020". PC Magazine. PC Magazine. Retrieved June 23, 2020.
- "5 Executives and 100 Companies and Products Leading in Innovation in 2020". Business Intelligence Group. Retrieved 2020-03-12.