Kirkland, WA, December 19, 2013 — Acumatica, the fastest-growing cloud ERP provider, announced today a record year for new customer deals, increased revenue, and exciting plans for its 2014 Partner Summit.
“This is Acumatica’s strongest year yet,” said CEO Yury Larichev. “We’re proud of our 350% year-over-year revenue growth, our success in customer wins, and our expanding partner channel.”
Spurring the company’s worldwide growth were partner recruitment, which doubled channel numbers to more than 270 partners; as well as the acquisition of high-profile customers such as PostcardMania in the US, Super Sport International in South Africa, T1 MSN in Mexico, Cattlemen’s Beef Promotion and Research Board in the US, Hi Spec Doorsets in the UK, and Tan Hiep Phat Beverage Group in Vietnam.
Chief Sales and Marketing Officer Stijn Hendrikse said: “We’ve made tremendous gains in the worldwide marketplace, winning more customers with our compelling licensing and deployment model. In a lot of cases, we beat out competitors Sage or NetSuite to win the deals. I’m confident that with the team and partners in place, we are poised to make an even bigger splash next year.”
Sean Chatterjee, Vice President of Partner Sales, said, “Our customer acquisition rate is growing at a phenomenal rate. Once again, we experienced triple-digit growth year over year.”
One of Acumatica’s new customers in 2013 is leading dog treat company TDBBS in the US. Justin Morris, its Director of Ecommerce and CTO, said: “We evaluated several ERP solutions, and believe Acumatica is the ERP solution of the future. We wanted a flexible solution that could grow with our company and didn’t have any of the strings normally found with traditional license-based ERP solutions. We own it, have the flexibility to host in-house, in the cloud, or use a SaaS service.”
Outside of the US, Acumatica continues to expand into emerging markets. “The potential for growth in Asia is incredible,” Acumatica’s General Manager in Asia Erwan Philippe said. “We have recruited key partners in Southeast Asia and will continue to push for more strategic partnerships in 2014.”
Acumatica expects to see similar growth in 2014, as it announces plans for next year’s annual Partner Summit and the launch of Acumatica 5.0. The five-day summit and training will be held at the Omni Interlocken in Denver, Colorado, on August 25 to 29, 2014.
“Our partners made 2013 an outstanding year for Acumatica,” said CEO Larichev. “Like them, we’re 100% committed to the channel. We’re excited to host our partners again in 2014 and unveil the latest Acumatica product that continues to push the envelope on what’s modern, cutting edge, and user friendly.”
Founded in 2007, 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 Studio, 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. 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; and in Australia and New Zealand, Acumatica is sold under MYOB’s brand name.