{"id":1419,"date":"2018-06-18T15:00:07","date_gmt":"2018-06-18T15:00:07","guid":{"rendered":"https:\/\/solutionsreview.com\/enterprise-resource-planning\/?p=1419"},"modified":"2019-06-26T19:39:25","modified_gmt":"2019-06-26T19:39:25","slug":"acumatica-secures-funding-from-accel-kkr-for-cloud-erp-growth","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/enterprise-resource-planning\/acumatica-secures-funding-from-accel-kkr-for-cloud-erp-growth\/","title":{"rendered":"Acumatica Secures Funding from Accel-KKR for Cloud ERP Growth"},"content":{"rendered":"

\"Acumatica<\/p>\n

Acumatica, a leading provider of cloud ERP solutions, today announced<\/a> that it has secured a $25 million Series C preferred round of funding led by Accel-KKR<\/a>,\u00a0prominent Silicon Valley technology-focused investment firm, and existing investors. This investment is aimed at further accelerating Acumatica’s cloud ERP solution\u00a0in the $28 billion Cloud ERP market and help extend its lead in AI, machine learning and Cloud\/SaaS technologies for business management and financial applications.<\/p>\n
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\u201cWe\u2019re very pleased to be partnering with Accel-KKR as we continue to grow and expand into vertical industries,\u201d said Jon Roskill, CEO of Acumatica. \u201cAccel-KKR not only brings the capital required to drive Acumatica\u2019s growth, but also additional recruiting and expansion resources to support us in executing our plans. This funding will help in our quest to improve how mid market businesses operate and deliver value to their customers, and provides Acumatica with a path to profitability.\u201d<\/p>\n

Acumatica has been a disruptive force in the ERP space, built on cloud and mobile technology and a unique customer-centric licensing model. Acumatica delivers a suite of fully integrated business management applications such as Financials, Project Accounting, Commerce, Manufacturing, Field Service and CRM, on an intelligent and flexible platform.<\/p>\n

\u201cAcumatica has built a differentiated cloud ERP platform with a loyal and fast-growing customer base and global reach through its channel partners\u201d said Joe Porten, Principal at Accel-KKR.<\/p>\n

The company’s recently released Construction Edition is a full-featured construction accounting software that helps improve margins and project control at all stages of home, multi-family, commercial, mixed-use, land development, and government projects. Acumatica products are highly regarded by industry analysts and customers for their ease of use, Total Cost of Ownership, and rapid Return On Investment.<\/p>\n

\u201cWith the adoption of SaaS accelerating in the ERP market, we believe Acumatica is well positioned to capture a disproportionate share of the market growth,\u201d said Greg Williams, Managing Director at Accel-KKR.\u00a0 \u201cOur growth equity investment will help the company\u2019s operations scale to take advantage of this opportunity.\u201d<\/p>\n

Read the full press release here from Acumatica.<\/a><\/p>\n

\n

Looking for more? Download our\u00a0<\/span>ERP buyers guide<\/a>\u00a0for free and compare the top-24 products available on the market with full page vendor profiles. The guide includes four key capabilities to look for in an ERP solution, plus five questions to ask yourself and five questions to ask the software provider before purchasing. It’s the perfect resource for anyone looking to find right ERP for their business\/organization.<\/span><\/p>\n

And don’t forget to follow us on\u00a0Twitter<\/a>,\u00a0Facebook\u00a0<\/a>and\u00a0LinkedIn<\/a>\u00a0for all the latest in the ERP space!<\/em><\/p>\n

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\"Download<\/a> \"Download<\/a> \"Download<\/a><\/p>\n<\/div>\n\t\t<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

Acumatica, a leading provider of cloud ERP solutions, today announced that it has secured a $25 million Series C preferred round of funding led by Accel-KKR,\u00a0prominent Silicon Valley technology-focused investment firm, and existing investors. This investment is aimed at further accelerating Acumatica’s cloud ERP solution\u00a0in the $28 billion Cloud ERP market and help extend its […]<\/p>\n","protected":false},"author":34,"featured_media":1420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[437,123],"acf":[],"yoast_head":"\nAcumatica Secures Funding from Accel-KKR for Cloud ERP Growth<\/title>\n<meta name=\"description\" content=\"This investment is aimed at further accelerating Acumatica's cloud ERP solution\u00a0in the $28 B Cloud ERP market and help extend its lead in new technologies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/acumatica-secures-funding-from-accel-kkr-for-cloud-erp-growth\/\" \/>\n<meta property=\"og:locale\" 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