INTACCT RAISES $45 MILLION

Was starting to wonder why Intacct had been so quiet over the last few months. But that got answered this week with the announcement the company raised $45 million in venture capital and debt funding. In a prepared statement, Intacct said it would invest in company growth and expanded product capabilities. The latter strikes me as particularly important because, like most cloud companies, Intacct could use more features. The book on Intacct has been what it has is really good; it just needs more.

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