Acumatica, which makes SaaS-based financial applications, has received an investment from the Almaz Capital Russia Fund I, which it said is backed by Cisco Systems. The size of the investment was not disclosed. Acumatica markets ERP and CRM applications for the mid-market. While Web-based, the system can be hosted on-premise.
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CISCO-BACKED FUND INVESTS IN ACUMATICA
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