Intacct Opens ERP On Demand Software Center in India

7/15/2005 - Intacct Corporation, a leading California-based provider of ERP On DemandTM, announced the launch of Intacct Software Operations in India. Intacct focuses on delivering ERP software as a service catering to enterprises directly and indirectly through business process outsourcers (BPOs) and independent software vendors (ISVs). As IBM’s only ERP On Demand partner, Intacct introduced the first Web-native business application suite with multi-entity management capabilities. This operation focuses on developing and servicing the company’s expanding suite of Web-based ERP applications and building alliances with Indian BPO firms offering them Intacct’s strategic platform for delivering their services.

“We are excited to make our direct presence to the Indian market, leveraging the country’s entrepreneurial spirit and vast pool of engineering talent to build the next-generation of business process-driven ERP On Demand applications for the mid-market”. Robert J Jurkowski, CEO, Intacct Corporation, said. “Intacct is also the leading platform provider for US based BPO firms delivering the finance and accounting services and is here to offer the same platform to BPO firms in India.” He stated.

Nagaraj Prabhu, Vice President of Engineering, Intacct Corporation who will lead the Indian operations, stated “Our main focus will be on research and development, quality assurance and professional services for the entire ERP On Demand suite. The team in India will enable Intacct to do rapid innovation on key solutions needed in the on-demand market place. Intacct will be able to meet the growing needs of our customers in a timely fashion” Intacct began operations in 2003 through a partnership with Minsu Infosystems Pvt Ltd, a leading professional employment outsourcing (PEO) organization. To capitalize on the success it has experienced, Intacct is merging the operations and plans to double its engineering staff in 2005.

Intacct delivers financial, supply chain, professional services automation and business analytics software as a service to midsize and large corporations for a monthly subscription fee. Intacct’s patent-pending, multi-entity technology allows global corporations to set up, manage and consolidate business units with comprehensive, best-practices and business process maps. Customers require no hardware, software or IT consultants to implement, integrate and customize Intacct’s ERP On Demand solution to meet their industry and business needs. Lower total cost of ownership, higher return on IT investments and dramatically faster deployment processes are some of the reasons industry research firm IDC expects worldwide sales of software as a service to grow 21% a year, reaching US$10.7 billion in 2009.

Intacct recently launched revolutionary customization, integration and management services to elevate its ERP suite to a strategic platform for enterprises to build end-to-end business applications. With CustomERP, ConnectERP and ManageERP, companies can easily integrate with external legacy and Web-based applications.

About Intacct Corporation
Intacct is the leading provider of ERP software as a service. The company delivers its ERP On Demand applications to more than 1,800 clients through direct sales and channel programs. Intacct’s patent-pending multi-entity technology centralizes key business processes, such as financials, supply chain, professional services automation and business analytics, across distributed organizations and allows remote staff to access the applications with a Web browser. Outsourcers private label Intacct’s ERP On Demand and ISVs integrate their applications to offer end-to-end solutions. Intacct is a privately held company funded by Deloitte & Touche, Goldman Sachs, Hummer Winblad Venture Partners and JK&B Capital. Website:

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