Intacct said it has achieved record growth in 2007, thanks to demand for its software-as-a-service applications.

In 2007, Intacct subscribers grew 40 percent and its revenue increased 50 percent. “We just had a great year,” said Inacct CEO Mike Braun. “We’ve focused on certain industry segments where we’re really strong. We’ve invested heavily in product and sales capabilities, and we’ve caught the wave of the software-as-a-service trend that’s happening on the market. It’s just been focus and execution and riding this SaaS wave.”

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