Finally an SaaS SAP attacking app
Intacct raises $7 million; promises guerrilla campaign against SAP/Oracle
Intacct is a company trying to undercut the big boys, SAP and Oracle, by selling cheaper Web-based financial applications.
The San Jose-based company will announce tomorrow that it has raised $7 million in a second round of venture capital, led by Emergence Capital and including existing investors Hummer Winblad and JK&B Capital.
Bob Jurkowski, chief executive, told us the company had a record quarter, and is working closely with Saleforce.com to acquire new customers. It lets Salesforce.com handle a customer's sales management applications, but Intacct wants to manage the "backend" needs of its customers, including things such as project management, and supply-chain management.
Jurkowski said he is launching some guerrilla marketing tactics, similar to those of smaller competitor Netsuite, which tried to fluster SAP last week by setting up a conference across the street from SAP's own SAPPHIRE customer conference (Netsuite failed to pull it off). For his part, Jurkowski didn't reveal any details.
Posted by Matt Marshall on May 21, 2006 08:22 PM | 0 Linking Posts