San Jose, Calif. - Web-based accounting software developer Intacct has chosen a new chief executive, Rob Reid. Reid was formerly CEO of Web-based business intelligence software provider LucidEra and, prior to that, group vice president of CRM OnDemand at Oracle. He will succeed Mike Braun, who announced earlier this year that he would be retiring.

Reid has been working in the Software-as-a-Service area since 1999, when he was at Concur Technologies, a provider of time and expense tracking software. Later he ran another company, Upshot, which was acquired by Siebel, and Siebel was in turn acquired by Oracle.


Andover, Mass. - Tax document automation provider Copanion Inc. has closed a $10.2 million round of capital financing and named a new chief executive. The parent company to the GruntWorx brand of products revealed that founder and CEO Steven Ladd would relinquish his CEO post and spearhead the drive into other verticals, while long-time marketing vice president Ed Jennings will be elevated to CEO. "We have a bigger vision than just automating tax documents," said Ladd, who explained that accounts payable, financial worth management and health care are among the areas in the company's crosshairs.


Orlando, Fla. - Web-based document management provider SmartVault has announced software that allows other developers of QuickBooks add-on applications to integrate SmartVault's DM system with their applications. The SmartVault Solution Provider Program lets independent software providers plug into the SaaS offering to make customer documents available from the SmartVault Toolbar in QuickBooks. The program provides ISPs with the SmartVault Developer's Kit, as well as educational resources, sales and marketing materials, and the option to participate in joint marketing programs. For more, visit

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