|[April 19, 2012]
Acumatica Q1 Includes 300% Sales Growth and Project Accounting Software
MCLEAN, Va. --(Business Wire)--
Acumatica, a provider of Cloud ERP and financial software, today
announced a record breaking first quarter with sales growing at 300%
over Q1 in 2011. The most active verticals were wholesale distribution
and manufacturing, but sales were also strong in software, non-profits,
technology, healthcare, and professional services.
Sales included the new Project Accounting software that was released as
part of Acumatica 3.0 in March. The Project Accounting Suite is ideal
for professional service companies that require advanced time and
billing, project level budgeting, and real-time profitability metrics.
"Our strong first quarter validates the strength of our software
solution as well as the strength of our reseller channel," said Ezequiel
Steiner, CEO at Acumatica. "During the quarter, several resellers
learned how the power of the Cloud could benefit their mid-sized
business clients and achieved their first Acumatica sale. We anticipate
continued growth as our partners gear up to sell project accounting."
"We are excited to sell a Cloud-based project accounting solution that
works anywhere our customers do," said Robert Houdeshell, Vice President
of Cloud Services at Njevity, Inc. "As experts in project accounting, we
know that professional services firms need anywhere, any-device access
to business data without the hassle of buying licenses for every user
that enters a timesheet."
Also during the first quarter, Acumatica added several new value added
resellers including CFO Incorporated, eSimplify Business Solutions,
Vertex (News - Alert) Business Systems, The World On-Line, Newport Consulting Group,
Accunet, Coalition Computing, and Galeforce Consulting Partners.
Exceptional sales growth and the addition of new partners have driven
the need for new office facilities to support several new hires in
development, support, and channel management. Acumatica is moving to a
new headquarters office in order to expand channel support efforts. The
new headquarters office is located at 7927 Jones Branch Drive, Suite
3100, McLean, VA 22102. This location positions Acumatica along the
vibrant Northern Virginia technology corridor and offers access to top
technical talent as the company continues to hire and grow. A new
development office in Moscow, Russia features state of the art
facilities to encourage teambuilding and group collaboration as the
company continues to recruit top technical talent.
Acumatica is a leading cloud ERP software vendor that delivers the
benefits of Cloud and SaaS (News - Alert) without sacrificing customization, control,
security, or speed. Acumatica can be deployed on premise, hosted at a
datacenter, or run on a Cloud computing platform. Learn more about
Acumatica's Cloud ERP solution at www.acumatica.com.
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