Intacct Web-Based Accounting Service Names Software Industry Veteran to Drive Revenues in $10 Billion Market
Leading Provider of Online Accounting Service Names Craig Slayter Vice
President of Sales
LOS GATOS, Calif., March 23 /PRNewswire/ -- Intacct Corporation, the leading provider of professional-strength, web-based accounting and related online business services, today announced that high-tech sales veteran Craig Slayter, 50, has joined the company as vice president of sales. Slayter's responsibilities will include developing CPA and reseller sales channels and growing corporate revenue. Slayter's 25 years' experience in high-technology includes the rare combination of proven success in building an aggressive, world sales organization and years as a principal in one of the world's largest accounting firms. With today's announcement, Intacct has accomplished its goal of attracting a top high-tech professional with a world-class blend of sales and accounting experience to direct its growth in providing web-based services to CPAs and 3.4 million small-and-medium sized enterprises (SME), a $10 billion market. "Craig brings a depth of accounting and systems knowledge as well as entrepreneurial, high-technology expertise to this emerging market," said David Thomas, CEO of Intacct Corporation. Slayter's sales experience includes 10 years at Phoenix Technologies Ltd., the global leader in system-enabling software solutions for PCs. In the late 1980s, Slayter pioneered sales for the company's software-licensing business -- an emerging market at the time -- and went on to head its worldwide field sales organization. In 1998, software licensing revenues exceeded $100 million. Both at Phoenix and at SoftStyle, a system software company Slayter founded and sold to Phoenix, Slayter directed all aspects of software sales, including creating sales channels, developing OEM strategies, and establishing field sales forces. Slayter was also a principal at Grant Thornton, the second largest accounting firm in the United States, where he provided management consulting services to the firm's SME customer-base. Early in his career, Slayter was a manager at Andersen Consulting (today's Accenture). Most recently, Slayter was the CEO of RealChips, Inc., a producer of leading-edge communication chips for the growing Internet infrastructure. Slayter holds both bachelor's and master's degrees in engineering from the University of Michigan. Slayter is a former Intacct board member. In addition to Slayter, Intacct's management team includes: -- David C. Thomas, CEO. Thomas has more than 20 years as a pioneer in the fields of accounting and Internet architecture; -- Carol Manning, vice president of marketing. Manning has 20 years of experience in high-tech global advertising, public relations, and marketing; -- Nagaraj Prabhu, vice president of engineering. Prabhu is a 10-year high-technology veteran with experience in database and Internet architecture at Informix and Sybase; -- Robert J. Riopel, chief financial officer. Riopel is a high-tech veteran with 20 years' experience in corporate financial management. He has served as CFO at Phoenix Technologies and as vice president, finance, International Division at Silicon Graphics; -- Patrick Ryan, vice president of business development. Ryan's 20 years of accounting, technology, and business experience includes vice president positions at Broadquest, developer of enterprise portals, and ADP, world leader in automatic data processing services; -- Odysseas Tsatalos, chief technology officer. Tsatalos has six years' experience in managing research and development operations for Internet-based applications. Tsatalos, a PhD in computer science with a minor in business from the University of Wisconsin at Madison, Previously was with IBM and Broadquest. About Intacct Corporation www.intacct.com Intacct Corporation is the first company to provide professional-strength, web-based accounting and related online business services. Intacct is designed for companies that need more than an entry-level PC-based accounting package but want an alternative to complex, IT-intensive client/server solutions. Offered on a monthly subscription basis, the Intacct service can be accessed via any browser. Intacct was founded in June 1999 by accounting software pioneer David C. Thomas, developer of one of the first PC-based accounting systems. Intacct is funded by Hummer Winblad Venture Partners, Goldman Sachs & Co., JK&B Capital, Deloitte & Touche LLP, Matsushita Electric Industrial Co Ltd., and Caltos Capital LLC. NOTE: All other trademarks belong to their respective owners.
SOURCE Intacct Corporation
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