SAN JOSE, Calif., March 20, 2012 /PRNewswire/ -- Intacct, a leading provider of cloud financial management and accounting software, today announced its selection for a third consecutive year to the AlwaysOn OnDemand 100 Top Private Companies list. The award is given to cloud computing vendors that are disrupting large markets and challenging entrenched players with innovative systems and rapid growth. Intacct will be honored by AlwaysOn at the OnDemand 2012 event on April 4 in Cupertino, California.
OnDemand 100 winners were selected from among hundreds of technology companies nominated by investors, bankers, journalists, and industry insiders. The AlwaysOn editorial team conducted a rigorous three-month process to finalize the 2012 list. Winners were chosen for their innovation, market potential, commercialization, stakeholder value, and media buzz.
Intacct's explosive growth continued in 2011, fueled in part by product innovations and an extremely successful Business Partner Program. In calendar year 2011, Intacct's new bookings increased 128% over the prior year. More than 1,000 companies switched to Intacct in 2011 and more than 5,000 small and mid-size businesses now use Intacct cloud financial management and accounting applications to improve their business performance.
"This is a great time to be in the cloud financial applications business," said Robert Reid, CEO at Intacct. "Organizations of all sizes are embracing the cloud to run business-critical processes, and they're choosing Intacct because our product is proven, robust and flexible – and because client success is our number one priority. We appreciate very much the AlwaysOn recognition, because it validates the success we're having and the great strides cloud financial systems have made in transforming and evolving the broader ERP market."
"Digital information has expanded exponentially during the past year. As the emergence of robust, innovative apps needed to manage this information continues, a complex world of interconnected business intelligence and ideas is being created at a new macro level," said Tony Perkins, founder and editor of AlwaysOn. "This year's OnDemand 100 winners are continuing to use disruptive technology and ideas to merge valuable legacy data and systems with new, vital streams of information. The results are being deployed in the cloud by any number of SaaS products and services, changing the way all business coexist. The OnDemand 100 continues to represent some of the highest-growth opportunities in the private company marketplace."
AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn's preeminent executive event series includes the Silicon Valley Innovation Summit, OnMedia, OnHollywood, IMPACT Venture Summit Mid-Atlantic, Venture Summit East, OnDemand, Venture Summit Silicon Valley, OnMobile, and GoingGreen Silicon Valley. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.