Acumatica

Last updated
Acumatica
Company type Privately held company
Industry Computer software
Founded2008;16 years ago (2008)
Founder
Successor EQT AB   OOjs UI icon edit-ltr-progressive.svg
Headquarters
Bellevue, Washington
,
United States
Key people
John Case (CEO) [1]
ProductsAcumatica Cloud ERP
Owner EQT AB [2]
Number of employees
600+ [3]  (2024)
Website www.acumatica.com

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

Contents

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] In 2022, the organization named John Case, a former corporate vice president at Microsoft, as its new CEO. [10]

Private-equity fund EQT AB purchased Acumatica in 2019 [2] and a London office opened in 2021. [11]

Acumatica appointed two ERP industry veterans, Zach Nelson and Nancy Harris, to its Board of Directors in 2024. [12] They joined a group of board members that included John Case, Kim Clarke, Kathy Crusco, Robert Maclean, Tyler Parker and Jonas Persson. [12]

Technology

Previous logo Acumatica 2016 Corporate Logo.svg
Previous logo

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. [13] [14] [15]

The SaaS product runs on Amazon Web Services, [16] Azure [17] and SQL Azure. [13] Licensed software runs on Microsoft Windows Server / SQL Server and applications run as .NET managed code. [18]

Acquisitions

In 2020, Acumatica acquired JAAS Advanced Manufacturing Software from JAAS Systems. [19]

In 2022, Acumatica acquired IBS Imperium, a property management application. [20]

Funding

In 2011, Acumatica received an unquantified investment from Visma. [21] In 2014, Acumatica raised over $13 million in funding, led by MYOB [22] [23] In 2018, the company raised $25 million in Series C funding, led by Accel-KKR. [24]

Recognition

2012Named a Top 100 Global Finalist by Red Herring [25]
#1 in the Top 20 Coolest Cloud Vendors by CRN [26]
2013Featured in CRN's 20 Coolest Cloud Software Vendors of the Cloud [27]
Finalist for the CODiE Awards Best Supply Chain Management Solution [28]
One of the top 50 Russian start-ups [29]
2014Gold Stevie Award [30]
CODiE Award for Best Supply Chain Management Solution [31]
2016CODiE Award for Best Supply Chain Management Solution [32]
2017 PC Magazine Editors' Choice Award for Best ERP Software [33]
CODiE Award for Best Cloud ERP Solution [32]
2018 Gartner's highest score for customer satisfaction [34]
CODiE Award Best Cloud ERP Solution [35]
CODiE Award Best Manufacturing Solution [35]
2019Finalist for Most Innovative Business at the IDEA Awards [36]
PC Magazine top ten Best Inventory Management Software [37]
2020CEO Jon Roskill winner Business Intelligence Group awards [38]
2021CODiE Award for Best ERP Solution [39]
Gartner Magic Quadrant niche player in Cloud ERP for Product-Centric Enterprises [40]

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References

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