Acumatica

Acumatica provides cloud and browser based enterprise resource planning software for small and medium-sized businesses. The company is headquartered in Kirkland, Washington, in the Seattle metropolitan area.[3]

Acumatica
TypePrivately held company
IndustryComputer software
Founded2008 (2008)
Founder
SuccessorEQT Partners Edit this on Wikidata
Headquarters
Kirkland, Washington
,
United States
Key people
John Case (CEO)[1]
ProductsAcumatica Cloud ERP
OwnerEQT Partners[2]
Number of employees
500+[1] (2021)
Websitewww.acumatica.com

Acumatica has partnerships with BDO USA[4] and Shopify.[5]

History

The Acumatica ERP product was introduced in 2008[6] followed a year later by on-premises and SaaS versions.[7]

In 2014, former Microsoft Vice President Jon Roskill became CEO[8] and the xRP cloud platform launched.[9]

Private-equity fund EQT Partners purchased Acumatica in 2019[2] and a London office opened in 2021.[10]

Acquisitions
  • 2020, JAAS Advanced Manufacturing Software from JAAS Systems[11]
  • 2022, IBS Imperium, a property management application[12]

Funding
  • 2011, unquantified investment from Visma[13]
  • 2014, over $13 million led by MYOB[14][15]
  • 2018, $25 million Series C funding led by Accel-KKR[16]

Technology

Acumatica's ERP is built with its proprietary web-based xRP platform and can be licensed on-premises / in the cloud, or provided on a SaaS basis.[17][18][19]

The SaaS product runs on Amazon Web Services,[20] Azure[21] and SQL Azure.[17] Licensed software runs on Microsoft Windows Server / SQL Server and applications run as .NET managed code.[22]

Recognition
2012 Named a Top 100 Global Finalist by Red Herring[23]
#1 in the Top 20 Coolest Cloud Vendors by CRN[24]
2013 Featured in CRN's 20 Coolest Cloud Software Vendors of the Cloud[25]
Finalist for the CODiE Awards Best Supply Chain Management Solution[26]
One of the top 50 Russian start-ups[27]
2014 Gold Stevie Award[28]
CODiE Award for Best Supply Chain Management Solution[29]
2016 CODiE Award for Best Supply Chain Management Solution[30]
2017 PC Magazine Editors' Choice Award for Best ERP Software[31]
CODiE Award for Best Cloud ERP Solution[30]
2018 Gartner's highest score for customer satisfaction[32]
CODiE Award Best Cloud ERP Solution[33]
CODiE Award Best Manufacturing Solution[33]
2019 Finalist for Most Innovative Business at the IDEA Awards[34]
PC Magazine top ten Best Inventory Management Software[35]
2020 CEO Jon Roskill winner Business Intelligence Group awards[36]
2021 CODiE Award for Best ERP Solution[37]
Gartner Magic Quadrant niche player in Cloud ERP for Product-Centric Enterprises[38]

References
  1. Morgan, Rick (February 16, 2022). "'Acumatica names former Microsoft Office exec as CEO amid rapid growth". Seattle Inno. Archived from the original on February 16, 2022. Retrieved April 14, 2022.
  2. Perez, Yessi Bello (May 6, 2020). "Runa Capital has $157M to spend — and will now also back deep tech and quantum startups". The Next Web. Archived from the original on June 16, 2020. Retrieved June 16, 2020.
  3. Bishop, Todd (February 7, 2020). "Acumatica ramps up after private equity deal, using new owner's cash for an acquisition of its own". Geek Wire. Archived from the original on July 10, 2021. Retrieved June 16, 2020.
  4. "Acumatica and BDO Partner to Accelerate Digital Transformation and Disrupt Industry Landscape". CPA Practice Advisor. 12 December 2019. Archived from the original on 27 July 2020. Retrieved 27 July 2020.
  5. O'Donnell, Jim (October 15, 2021). "Shopify opens e-commerce platform to enterprise ERP vendors". TechTarget. Archived from the original on May 16, 2022. Retrieved May 6, 2022.
  6. "Acumatica cloud ERP, IFS systems fit together well | TechTarget". ERP. Retrieved 2023-04-26.
  7. "A Brief History of ERP Software Including Dynamics GP and Acumatica". ERP Software. April 1, 2020. Archived from the original on February 27, 2022. Retrieved February 27, 2022.
  8. "Former Microsoft VP Jon Roskill named Acumatica CEO". Geekwire. 5 March 2014. Archived from the original on 13 March 2014. Retrieved 5 March 2014.
  9. "Acumatica Launches Cloud xRP Platform Enabling Software Companies to Get to SaaS Fast". Press release. Archived from the original on 2014-12-31. Retrieved 30 December 2014.
  10. "Acumatica Opens London Office and Welcomes New Country Manager to Better Serve UK and Ireland Customers". Economy Magazine. July 7, 2021. Archived from the original on October 15, 2022. Retrieved May 6, 2022.
  11. "JAAS Systems Sells Manufacturing Software Business To Acumatica". Smart Business Dealmakers. 23 April 2020. Archived from the original on 27 July 2020. Retrieved 27 July 2020.
  12. Soper, Taylor (January 25, 2022). "Acquisition news: Acumatica buys IBS Imperium app; APImetrics swoops up API Science: PDQ acquires SmartDeploy". Geek Wire. Archived from the original on February 27, 2022. Retrieved February 27, 2022.
  13. Fineberg, Seth (12 September 2011). "Acumatica Gets Distribution and Financing Deal, Eyes Accountants". Accounting Today. SourceMedia. Archived from the original on 19 January 2012. Retrieved 12 September 2011.
  14. "Acumatica Raises Over $13 Million in New Funding Round Led by Bain Capital-Owned MYOB". Press release. 21 October 2014. Archived from the original on 17 December 2014. Retrieved 30 December 2014.
  15. Cook, John (October 21, 2014). "Cloud accounting startup Acumatica raises $13 million, looks to battle NetSuite". Geek Wire. Archived from the original on February 27, 2022. Retrieved February 27, 2022.
  16. "Accel-KKR funds Acumatica for continued growth - Enterprise Times". Enterprise Times. 2018-06-19. Archived from the original on 2018-07-30. Retrieved 2018-06-22.
  17. O'Gara, Maureen (2009-12-05). "Azure Gets its First Commercial ERP App". Cloud Computing Journal. Archived from the original on 2009-11-28. Retrieved 2009-12-10.
  18. McLaughlin, Kevin (2009-06-25). "Startup Acumatica Brings CRM, ERP To The Web". ChannelWeb. Archived from the original on 2013-01-21.
  19. "New Acumatica CEO Plans for Growth", Nucleus Research, April 2014, archived from the original on 2014-12-31, retrieved 2014-12-30(registration required)
  20. "Acumatica Cloud ERP Now On AWS Test Drive". Panorama Consulting Solutions. 2015-02-23. Archived from the original on 2018-06-22. Retrieved 2018-06-22.
  21. "Acumatica: ERP on Windows Azure". Channel Futures. 2009-11-19. Archived from the original on 2018-06-22. Retrieved 2018-06-22.
  22. Roe, David (2009-05-27). "Acumatica Business Management Suite Hosted Anywhere You Want". CMS Wire. Archived from the original on 2009-05-28. Retrieved 2009-07-27.
  23. "2011 RED HERRING GLOBAL TOP 100". Red Herring. Archived from the original on 1 November 2012. Retrieved 2 August 2015.
  24. Hickey, Andrew R. (12 March 2012). "The 20 Coolest Cloud Software Vendors". CRN. Archived from the original on 23 July 2015. Retrieved 2 August 2015.
  25. "The 20 Coolest Cloud Software Vendors Of The Cloud 100". CRN. 13 March 2013. Archived from the original on 22 May 2013. Retrieved 23 May 2013.
  26. "Acumatica Cloud ERP Named SIIA Software CODiE Award Finalist for Best Supply Chain Management Solution". PR Web. Archived from the original on 27 January 2016. Retrieved 23 May 2013.
  27. "The Top 50 Russian Start-Ups". Article. Russia Behind the Headlines. Archived from the original on 2013-08-22. Retrieved 23 May 2013.
  28. "2014 New Product Awards & Product Management Categories". Stevie Awards. Archived from the original on 2015-07-15. Retrieved 2015-08-02.
  29. "Acumatica Wins SIIA Software CODiE Award". finance.yahoo.com. Archived from the original on 2014-12-31.
  30. "Acumatica Wins Best Cloud ERP Solution". Dynamic Tech Services. 2017. Archived from the original on June 26, 2020. Retrieved June 23, 2020.
  31. "Acumatica takes award for Best ERP Software | IOL Business Report". IOL. Archived from the original on 2017-11-15. Retrieved 2017-11-15.
  32. "Acumatica lands $25M, plans bigger challenge to SAP, Oracle, other cloud business software rivals". Geekwire. 18 June 2018. Archived from the original on 13 July 2019. Retrieved 27 July 2020.
  33. "Acumatica Wins 2018 SIIA CODiE Awards for Best Manufacturing Solution and Best Cloud ERP Solution". Collins Computing. 20 June 2018. Archived from the original on July 22, 2020. Retrieved June 23, 2022.
  34. "2019 IDEA Awards". 425 Business. November 22, 2019. Archived from the original on June 24, 2020. Retrieved June 23, 2020.
  35. Needleman, Ted (December 27, 2019). "The Best Inventory Management Software for 2020". PC Magazine. Archived from the original on June 26, 2020. Retrieved June 23, 2020.
  36. "5 Executives and 100 Companies and Products Leading in Innovation in 2020". Business Intelligence Group. Archived from the original on 2020-04-18. Retrieved 2020-03-12.
  37. "Business Technology Winners". SIIA. Archived from the original on May 7, 2022. Retrieved June 23, 2022.
  38. Jepma, William (September 7, 2021). "What's Changed: 2021 Gartner Magic Quadrant for Cloud ERP for Product-Centric Enterprises". Solutions Review. Archived from the original on January 19, 2022. Retrieved May 6, 2022.
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