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) and has a number of satellite offices around the globe.
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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. 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, MYOB, Acceo, 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) 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.
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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.
In September 2012, former Microsoft General Manager and Worldwide SMB Sales & Marketing Operations Executive Yury Larichev joined Acumatica as its new Chief Operating Officer. Larichev became the company's Chief Executive Officer at the onset of 2013, soon after the company moved its headquarters to Kirkland, WA.
In early 2013, Acumatica appointed Christian Lindberg as VP of Partner Solutions. 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. The product launched in Asia 2 months later alongside the appointment of Erwan Philippe as the Asia General Manager. Jeff Wilson also joined the Acumatica team as Chief Financial Officer during this time.
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.
In January 2018 Kirill Tatarinov, a longtime 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.
Corporate identity
Logo design
Awards and recognition
In 2012, Acumatica was named a Top 100 Global Finalist by Red Herring and number 1 in the Top 20 Coolest Cloud Vendors by CRN. 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.
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.
By August 2017, Acumatica Cloud ERP had received PCMag Editors' Choice Awards for Best ERP Software.
Supported systems
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.
Version history
References
External links
- Official website
Source of article : Wikipedia
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