Home Corporate Newsroom Press releases Acumatica Announces Record 300% Revenue Growth at Annual Summit

Acumatica Announces Record 300% Revenue Growth at Annual Summit

August 19, 2013

Kirland, WA, August 19, 2013 — It has been quite a year for upstart company Acumatica, the Cloud ERP provider making waves in the industry. The Kirkland-based company continued its roll with news of record growth at its 2013 Partner Summit in Leesburg, VA.

“Acumatica is on track to meet its growth target for 2013, which means we’ve grown more than 300% again in revenue, just like we did in 2011 to 2012,” said CEO Yury Larichev. “We think we may hit 350% this year.”

The company, which provides cloud-based ERP solutions to small and medium-sized companies worldwide, is currently hosting more than 250 partners at its annual partner event. This year’s partner attendance is double last year’s summit numbers, another sign of the company’s rapid growth.

“The impressive growth of our summit reflects Acumatica’s rapid expansion over the past year,” said Larichev. “We are growing our channel aggressively, and have signed on over 40 partners in just the past four months. More than 200 partners have joined the Acumatica ranks since Acumatica started. Our business is 100% partner channel-based and we use the Summit to emphasize our commitment to partners.”

The company shared growth figures, product roadmaps, and updates to the partner program with attendees at the summit in the Landsdowne Resort in Leesburg.

Chief Sales and Marketing Officer Stijn Hendrikse said: “This summit promises to be our best yet, and it represents a landmark year for our company and our community.”

In the past year, Acumatica doubled its employees including some key top hires, moved its headquarters to the tech hub of Seattle, and opened a regional headquarters in Singapore.

One of the highlights of the two-day summit is the launch of Acumatica 4.1, that demonstrates the company’s commitment to continually innovating our products for the benefit of an ever growing number of customers.

Hendrikse added: “We want to make sure that our cloud ERP offerings are the most modern, user-friendly, and competitively-priced products in the marketplace.”

Among the new features incorporated into the major upgrade: Drag and drop uploading, real-time Excelupdating, and an auto-complete form tool, all supported by expanded documentation. These new features were unveiled in an action-packed first day of the 2013 Acumatica Partner Summit.

CEO Larichev said: “The fantastic response we’ve gotten for this year’s Partner Summit offers yet more proof that our cloud-based ERP solution is becoming the platform of choice for SMBs worldwide. We look forward to welcoming our newest partners to the Acumatica family and working together to build our brand and grow revenues.”

About Acumatica

Founded in 2008, Acumatica is the fastest-growing provider of highly customizable, cloud-based ERP applications for small and midsized businesses, offering financial management, distribution, CRM, and project accounting suites. Acumatica Cloud Platform, the company’s technology development platform, gives ISVs and OEMs a rapid, cost-effective means of developing and integrating cloud-based apps, using industry-standard tools. A Red Herring Top 100 Global Tech Company, Acumatica has quickly gained a solid reputation among developers and users for the flexibility of its platform and its innovative licensing practices; cloud, on-site, and hybrid deployment options; and device independence; as well as broad-based licensing, integration, and customization options. The privately-held company’s products are delivered through a global channel-partner network of VARs, ISVs, and OEMs. Headquartered in Kirkland, WA, Acumatica maintains offices in Washington DC, Moscow, and Singapore. Acumatica has affiliate offices in Indonesia and Mexico. Acumatica is sold through resellers in the US, Canada, UK, Africa, the Middle East, India and various countries in Southeast Asia. In the Nordic countries and the Netherlands, Acumatica is sold as part of Visma.net.

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