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INTACCT RAISES $12.3 MILLION

Intacct logoCloud vendor Intacct has raised another $12.3 million in venture capital funding in a round raised by Split Rock Partners. Existing investors, including Bessemer Venture Partners, Emergence Capital, Sigma Partners and Sutter Hill Ventures participated in the round. The company says the capital is intended to fund aggressive hiring and accelerate its growth rate. Intacct has been steadily announcing the signing of new resellers and says that VAR channel sales showed a tenfold increase in its third quarter. Among Intacct’s recent reseller signings are SouthTech Solutions of Sarasota, Fla., Maner Costerisan of Lansing, Mich., and Raffa of Washington D.C.

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