Where does your enterprise stand on the AI adoption curve? Take our AI survey to find out.


Intacct_horiz Web.JPG

Intacct is a company trying to undercut the big boys, SAP and Oracle, by selling cheaper Web-based financial applications.

The San Jose-based company will announce tomorrow that it has raised $7 million in a second round of venture capital, led by Emergence Capital and including existing investors Hummer Winblad and JK&B Capital.

Bob Jurkowski, chief executive, told us the company had a record quarter, and is working closely with Saleforce.com to acquire new customers. It lets Salesforce.com handle a customer’s sales management applications, but Intacct wants to manage the “backend” needs of its customers, including things such as project management, and supply-chain management.

Jurkowski said he is launching some guerrilla marketing tactics, similar to those of smaller competitor Netsuite, which tried to fluster SAP last week by setting up a conference across the street from SAP’s own SAPPHIRE customer conference (Netsuite failed to pull it off). For his part, Jurkowski didn’t reveal any details.

VentureBeat

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member