[April 19, 2012]

Acumatica Q1 Includes 300% Sales Growth and Project Accounting Software

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."

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.

About Acumatica

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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