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INTACCT NAMES NEW CEO
Intacct,which markets Internet-based applications, has named Robert Reid as president and CEO. Reid replaces Mike Braun who is retiring after 38 years in the IT business. Still, the change means that Reid becomes the compan's fourth CEO in five years.
After founding CEO David Thomas retired, Robert Jurkowski took over the spot in July 2004 and was replaced by Braun in January 2007. Reid, most recently CEO of LucidEra which markets SaaS versions of business intelligence applications, was previously group VP of Siebel CRM On Demand for Oracle. He joins Oracle alum, Zach Nelson, CEO of rival NetSuite, in leading the Web-based charge in midmarket accounting applications.
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