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Intacct raises $7 million; promises guerrilla campaign against SAP/Oracle

Intacct_horiz Web.JPG
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.


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While ERP is moving much slower towards on demand or (SaaS) delivery model, it will eventually catch up with CRM. Amongst the smaller rivals that compete in the on demand ERP space is Netsuite and Salesboom.com

Tom Stefano on May 22, 2006 8:16 AM
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While ERP is moving much slower towards on demand or (SaaS) delivery model, it will eventually catch up with CRM. Amongst the smaller rivals that compete in the on demand ERP space is Netsuite and Salesboom.com

Tom Stefano on May 22, 2006 8:16 AM
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