Intacct Appoints Clark Newby as Vice President of Marketing Veteran Cloud Executive Takes Marketing Reins to Extend Rapid Company Growth

SAN JOSE, Calif., July 20, 2012 /PRNewswire/ --To support the company's accelerating growth, Intacct has announced the addition of Clark Newby as its new vice president of Marketing. Newby has been leading marketing teams at high performing software companies for more than a decade, including breakthrough cloud firms SnapLogic and Workday. He joins Intacct to advance the company's leadership position as the best in class provider of cloud financial management and accounting software for small and midsize businesses.

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Intacct continues to accelerate its momentum, consistently delivering new business growth that outpaces the competition in the rapidly growing cloud financial software market. Gartner predicts that cloud software revenue in North America will total $9.1 billion in 2012, up from $7.8 billion in 2011 – with financial software ranking among the biggest market segments.

Newby has the background to help Intacct capitalize on this market growth. In his role at SnapLogic, Newby led worldwide marketing and alliances, doubling the size of the world's first online integration store. Prior to that, he drove Workday's global branding, corporate communications, demand generation, product marketing, and customer community strategies. Newby also held senior marketing positions at Fortify Software, PolyServe, Mercury Interactive, and Kintana. He earned a bachelor's degree in Mechanical and Aerospace Engineering from Cornell University, and a master's degree in Business Administration from University of California, Berkeley.

"Clark brings a special dynamic to the Intacct management team," said Robert Reid, president and CEO of Intacct. "He's been a driving force at cloud software companies that have achieved reputations for excellence in communications, lead generation, marketing strategy, and overall execution. We are entering a critical phase in Intacct's development, as we seize a vast opportunity to bring the power and value of cloud computing to financial management for mid-sized companies. I am confident that Clark is the best person to direct our marketing efforts as we embark on this exciting next stage of our journey."

"Intacct delivers the best cloud financial software for small and midsize businesses and has built a corresponding track record of strong growth," said Newby. "As financial systems shift to the cloud, there are tremendous advantages to be had, and the potential for Intacct's ongoing growth is huge. I look forward to building on our momentum and dramatically increasing the ranks of happy Intacct customers who are unlocking the power, flexibility, and savings of the cloud."

About Intacct
Intacct is the cloud financial management company. Bringing cloud computing to finance and accounting, Intacct's award-winning applications are the preferred financial applications for AICPA business solutions. Intacct applications, in use by more than 5,000 organizations from startups to public companies, are designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and Value Added Resellers offer Intacct to their clients. The Intacct system includes accounting, contract management, revenue management, project and fund accounting, inventory management, purchasing, vendor management, financial consolidation and financial reporting applications, all delivered over the Internet via cloud computing.

Intacct is headquartered in San Jose, California. For more information, please visit www.intacct.com or call 877-437-7765. Connect with Intacct on LinkedIn, Facebook, Twitter or YouTube.

Intacct and the Intacct logo are trademarks of Intacct Corporation. All other company and product names mentioned herein may be trademarks of their respective owners.

SOURCE Intacct Corporation



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