Acumatica is a leading provider of cloud-based enterprise resource planning (ERP) software designed for small to mid-sized businesses. Headquartered in Kirkland, Washington, Acumatica offers a comprehensive suite of business management applications that enable companies to streamline operations, enhance productivity, and gain real-time insights into their business performance. The company is known for its flexible deployment options, robust functionality, and commitment to customer satisfaction.
Acumatica was founded in 2008 and quickly established itself as a pioneer in cloud ERP solutions. The company introduced its ERP product in 2008, followed by on-premises and SaaS versions in 2009. In 2014, Jon Roskill, a former Microsoft Vice President, became CEO, and the xRP cloud platform was launched. Acumatica has experienced rapid growth, becoming one of the fastest-growing cloud ERP companies globally.
Acumatica has attracted significant investment over the years. In 2011, it received an investment from Visma, and in 2014, it raised over $13 million in funding led by MYOB. In 2018, the company secured $25 million in Series C funding from Accel-KKR. In 2019, Acumatica was acquired by EQT Partners, a global private equity firm, which has further fueled its growth and expansion.
Acumatica offers a wide range of integrated modules that cover various business functions, including:
Acumatica has expanded its product offerings through strategic acquisitions. In 2020, it acquired JAAS Advanced Manufacturing Software, and in 2022, it acquired IBS Imperium, a property management application. These acquisitions have enhanced Acumatica's capabilities and allowed it to enter new markets.
Acumatica continuously innovates and introduces new features to meet the evolving needs of its customers. Recent updates have included enhancements in artificial intelligence (AI) and machine learning (ML), new industry-specific editions like the Professional Services Edition, and improved integration capabilities. The company releases major updates bi-annually, ensuring that users benefit from the latest advancements in technology.
Acumatica prides itself on a customer-centric approach and a strong community ethos. The company dedicates 74% of its resources to research and development, focusing on delivering cutting-edge features and maintaining high customer satisfaction. Acumatica fosters a collaborative environment, working closely with partners, customers, and employees to drive innovation and growth. The company's principles include transparency, sustainability, and a commitment to making a positive impact on the world.
Acumatica serves over 10,000 customers worldwide, primarily small to mid-sized businesses. The company's user base spans various industries, including manufacturing, distribution, construction, retail, and services. Acumatica's community is a vital part of its success, with active participation from customers, partners, and developers. The company offers extensive training resources through Acumatica Open University and maintains a strong presence at industry events and conferences.
Acumatica Cloud ERP
By Acumatica
