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Intacct Reports 68 Percent Year over Year Growth

Best Ever Performance Demonstrates Cloud Computing and Channel Momentum, Plus Unprecedented Customer Satisfaction

Jan. 26, 2011

SAN JOSE, Calif. – Jan. 26, 2011 – Intacct, a leader in cloud financial management and
accounting applications, today announced record breaking results for 2010 and
for the company’s second fiscal quarter, ended December 31. The quarter was
highlighted by 68% year over year growth in new client subscriptions, as well
as all-time records in existing customer upgrades and add-ons. The end result
was the best quarter in the history of the company.

A gain of more than 800 net new clients for the calendar year drove Intacct’s
market penetration to an all time high; more than 4,000 organizations worldwide
are now enjoying the benefits of Intacct for cloud-based financial management.
Such rapid subscriber growth is enabled by very high client retention and record
customer satisfaction. In Intacct’s most recent quarterly customer satisfaction
survey, compiled in December 2010, an all-time high of 94.2% of clients surveyed
indicated they would recommend Intacct to their colleagues.

The company’s channel investments are also bearing significant fruit,
with twenty four new and nine expanded business partner relationships. Some
of the leading companies that have recently joined or expanded their role in
the Intacct channel program include AccessTek, Aktion Associates, Armanino McKenna,
Clifton Gunderson, Eide Bailly, JMT Consulting Group, LarsonAllen, McGladrey,
Navigator Technologies, Nims and Associates, Sererra, SingerLewak, Synergy Business
Solutions and Tendras Business Advisors.

Intacct’s alliance with the AICPA continued to deliver strong results
in 2010. Interest in cloud computing within the CPA profession rose to an all-time
high. 11 of the top 100 largest CPA firms in North America have joined the Intacct
Accountants Program from CPA2Biz, and CPA firms of all sizes on-boarded record
numbers of new Intacct Accountant Edition clients in 2010. A significant trend
that developed during 2010 was large CPA firms standardizing on Intacct across
both their consulting and business process outsourcing practices. Intacct also
announced a new partnership with SCORE designed to bring cloud computing to
the more than one million small businesses SCORE nurtures every year, by connecting
them with AICPA member CPA firms in the Intacct Accountants Program.

Intacct’s business in 2010 was particularly strong in several sectors of the
economy, including the software, business services and not for profit vertical
industries. In addition, companies already using salesforce.com continued their
strong adoption of Intacct’s best of breed cloud-based financial applications.
The year was also highlighted by an increasing number of organizations switching
their financial software to Intacct from Intuit, Microsoft, NetSuite and Sage.

“From all angles and across all measures, Intacct really delivered in
2010. With 68% year over year new business growth last quarter, we continue
to grow significantly faster than our rivals,” said Robert Reid, CEO of
Intacct. “Our partnership with the AICPA continued to accelerate this
year, we delivered more new applications and enhancements than ever before,
and our client satisfaction and retention both hit all-time record levels. Looking
ahead to 2011, we foresee unprecedented growth and new business opportunities
for both Intacct and our partners, as our new and expanded channel partnerships
take off.”

2010 Year in Review
Reflecting more broadly on 2010, Intacct achieved many significant milestones.
Here is a review of some of the company’s key accomplishments over the past
year:

* Continued, Rapid Product Innovation – Intacct stands out by delivering
rapid innovation in the financial applications marketplace, focused on innovative
solutions that provide significant value to clients and partners. Intacct performs
regular updates, including monthly enhancements and quarterly major releases,
so all new functionality automatically becomes available to every organization
on the system. Throughout the year, Intacct delivered more than 200 new features
and enhancements – many in response to ideas submitted and prioritized
by Intacct’s clients and partners. Product highlights in 2010 included:

  • Extending Intacct’s multi-dimensional architecture to support eight
    additional dimensions, for a total of up to 13 dimensions in any report or
    analysis
  • Enhancing Intacct’s world-class revenue management applications to
    support the latest FASB and IASB guidelines
  • Delivering brand new project accounting applications and partnering with
    Clarizen for project management applications
  • Deploying new purchasing, time & billing, expense management and workflow
    & approvals applications
  • Creating automated tools that reduce the time required to migrate data
    from QuickBooks to Intacct to just minutes
  • Completing the conversion of Intacct’s underlying architecture to
    support UTF-8, so all data in the system can now be stored in any major language

* Tremendous High-Quality Channel Momentum – led by industry veterans
Taylor Macdonald and Peyton Burch, both of whom joined Intacct in 2010, Intacct’s
channel programs are developing serious momentum. Intacct is partnering with
high quality partners, including 11 of the top 100 CPA firms in the nation,
seven “VAR Stars,” and 10 “Killer VARs.”

* Corporate and Product Awards – Intacct earned numerous company and
product awards and accolades, including:

  • 2010 SIIA CODiE Award Finalist for Best Financial Software Solution
  • Top rated SaaS Accounting Software Solution from CPA Technology Advisor
  • 2010 K2 Quality Award for the Best Installation Channel and Methodology
  • Named to Accounting Today’s list of the Top New Products of 2010
  • Named One of the Top 20 Coolest Cloud Productivity App Vendors by CRN
  • Named One of the Top 10 Small Business Financial Applications by SmallBusinessComputing.com
  • Named to Inaugural ‘OnDemand 100’ List of Fastest Growing Private Companies
  • Finalist for a TechAmerica Foundation’s 2010 American Technology
    Award

* World Class Operations – Intacct continues to offer its market-leading
Buy with Confidence™ service level guarantees. Across all of 2010, Intacct
delivered 99.993% uptime, with perfect 100% uptime for seven of the 12 months
– setting the pace for availability and security.

In 2010, Intacct also furthered its strategy of partnering with market leading
cloud computing companies to offer a complete, best of breed cloud-based solution
to its clients and partners. New 2010 partners include 2C Processor USA, Avectra,
Clarizen, PaceJet, Thomson Reuters, Track1099, Transactional Web, Xactly and
Zip2Cloud. These companies join Intacct’s growing portfolio of partnerships
that includes cloud computing leaders such as Adaptive Planning, ADP, Authorize.net,
Avalara, Avankia, BNA Software, Boomi, CCH, CompuPay, ExpenseCloud, Fellowship
Technologies, IBM, Intuit, PayPal, Pervasive, RealPage, salesforce.com, SmartTurn,
Wells Fargo and Zuora.

About Intacct
Intacct is a market and technology leader in web-based financial management
and accounting applications for businesses and CPA firms. Bringing cloud computing
to finance and accounting, Intacct’s award-winning applications are the
preferred financial applications for AICPA business solutions. Intacct applications
are used by thousands of businesses from startups to public companies and are
designed to improve company performance and make finance more productive. The
Intacct system includes accounting, contract management, revenue recognition,
inventory, purchasing, vendor management, financial consolidation and financial
reporting applications, all delivered over the Internet via cloud computing.