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Intacct Announces 94% Bookings Increase in Q4

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Intacct announced that it had increased bookings for its fourth fiscal quarter by 94 percent over the previous year.

Additionally, the cloud financial management company reported that contract renewals remained strong. Earlier this year, Intacct added $45 million in new financing, the majority of which came in a $30 million venture funding round led by Intacct investor Battery Ventures.

"Intacct's ongoing success is a direct result of the dedication of our team and partners in delivering innovation to mid-market companies seeking to outpace their competition," stated Intacct CEO Robert Reid. "The shift from traditional on premises financial software to modern cloud financials is in full swing, as organizations seek to gain not only cost advantage, but agility and growth advantage in harnessing powerful cloud applications to run their business. Companies running their finances on Intacct are able to grow faster, and scale farther, to an Initial Public Offering and beyond. Some of the most successful publicly traded technology companies run on Intacct, and in the past fiscal year, many more joined their ranks."

This year, Intacct also ranked on various lists, including the AlwaysOn OnDemand 100 Top Private Companies list, Bay Area News Group's "Top Workplaces for 2014," and was named by the Silicon Valley Business Journal and the San Francisco Business Times as one of the "Best Places to Work in the Bay Area" for 2014.

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