Acumatica provides

cloud In meteorology, a cloud is an aerosol consisting of a visible mass of miniature liquid droplets, frozen crystals, or other particles suspended in the atmosphere of a planetary body or similar space. Water or various other chemicals may co ...

and browser based

enterprise resource planning Enterprise resource planning (ERP) is the integrated management of main business processes, often in real time and mediated by software and technology. ERP is usually referred to as a category of Business management tools, business management ...

software for

small and medium-sized businesses Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Ba ...

. The company is headquartered in Kirkland,

Washington Washington commonly refers to: * Washington (state), United States * Washington, D.C., the capital of the United States ** A metonym for the federal government of the United States ** Washington metropolitan area, the metropolitan area centered o ...

, in the

Seattle metropolitan area The Seattle metropolitan area is an urban conglomeration in the U.S. state of Washington that comprises Seattle, its surrounding satellites and suburbs. It contains the three most populous counties in the state—King, Snohomish, and Pierce� ...

. Acumatica has partnerships with BDO USA and

Shopify Shopify Inc. is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. Shopify is the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. The Shopify platform offers online ret ...

History

The Acumatica ERP product was introduced in 2008 followed a year later by

on-premises On-premises software (abbreviated to on-prem, and incorrectly referred to as on-premise) is installed and runs on computers on the premises of the person or organization using the software, rather than at a remote facility such as a server farm ...

and

SaaS Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software. SaaS is cons ...

versions. In 2014, former

Microsoft Microsoft Corporation is an American multinational technology corporation producing computer software, consumer electronics, personal computers, and related services headquartered at the Microsoft Redmond campus located in Redmond, Washing ...

Vice President Jon Roskill became CEO and the xRP cloud platform launched.

Private-equity fund A private equity fund (abbreviated as PE fund) is a collective investment scheme used for making investments in various equity (and to a lesser extent debt) securities according to one of the investment strategies associated with private equity. ...

EQT Partners EQT AB Group is a global investment organization founded in 1994. Its funds invest in private equity, infrastructure, real estate, growth equity, and venture capital in Europe, North America, and Asia Pacific. , EQT's assets under management a ...

purchased Acumatica in 2019 and a

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

office opened in 2021.

Acquisitions

* 2020, JAAS Advanced Manufacturing Software from JAAS Systems * 2022, IBS Imperium, a property management application

Funding

* 2011, unquantified investment from

Visma Visma is a privately held company headquartered in Oslo, Norway, that provides business software and IT related development and consultancy. The company is majority owned by Hg, a private equity firm. The company was formed in 1996 in Norway, t ...

* 2014, over $13 million led by MYOB * 2018, $25 million Series C funding led by

Accel-KKR Accel-KKR is an American technology-focused private equity firm with over $14 billion in total assets under management. The firm invests primarily in middle-market software and technology-enabled services businesses, providing capital for buyo ...

Technology

Acumatica's ERP is built with its proprietary

web-based A web application (or web app) is application software that is accessed using a web browser. Web applications are delivered on the World Wide Web to users with an active network connection. History In earlier computing models like client-serve ...

xRP platform and can be

licensed A license (or licence) is an official permission or permit to do, use, or own something (as well as the document of that permission or permit). A license is granted by a party (licensor) to another party (licensee) as an element of an agreeme ...

/ in the

, or provided on a

basis. The SaaS product runs on

Amazon Web Services Amazon Web Services, Inc. (AWS) is a subsidiary of Amazon.com, Amazon that provides Software as a service, on-demand cloud computing computing platform, platforms and Application programming interface, APIs to individuals, companies, and gover ...

, Azure and

SQL Azure Microsoft Azure SQL Database (formerly SQL Azure, SQL Server Data Services, SQL Services, and Windows Azure SQL Database) is a managed cloud database (PaaS) provided as part of Microsoft Azure. A cloud database is a database that runs on a cloud ...

. Licensed software runs on

Microsoft Windows Server Windows Server (formerly Windows NT Server) is a group of operating systems (OS) for servers that Microsoft has been developing since July 27, 1993. The first OS that was released for this platform was Windows NT 3.1 Advanced Server. With the ...

/ SQL Server and applications run as .NET managed code.

Recognition

References

External links

* {{ERP software 2008 establishments in Maryland American companies established in 2008 2019 mergers and acquisitions Accounting software Software companies based in Washington (state) Companies based in Kirkland, Washington Customer relationship management software companies ERP software ERP software companies Financial software companies Software companies established in 2008 Software companies of the United States Private equity portfolio companies