In November 2008, Acumatica launched its first product, Acumatica ERP, alongside an accompanying financial demo. In the following year, on-premises and SaaS software versions were released. Acumatica's distribution software came a year later in April 2010. Acumatica received an investment from Visma in September 2011. In 2013, Yury Larichev became the company's Chief Executive Officer, soon after the company moved its headquarters to Kirkland, WA. In March of the same year, Acumatica launched version 4.0 of its ERP suite, which introduced a new user interface as well as Acumatica Studio for ERP app development. In March 2014, former Microsoft VP Jon Roskill was named Acumatica's new CEO. Acumatica launched its xRP Cloud Platform 2 months later. In the fall of 2014, Acumatica released the beta version of its new suite, Acumatica 5.0. Around the same time, Acumatica secured over $13 million in funding in an effort led by MYOB. In January 2018, Kirill Tatarinov, a long-time software industry executive and former President of the Microsoft Business Solutions Division, with end-to-end responsibility for the Microsoft Dynamics business, joined the Board of Directors. In June 2018, Acumatica secured a $25 million Series C round of funding led by Accel-KKR, a Silicon Valley technology-focused investment firm. Acumatica will use this investment to support growth, add headcount and fund further development of artificial intelligence, machine learning capabilities embedded in its software. In June 2019, private equity fundEQT Partners acquired Acumatica. In December 2019, Acumatica announced a partnership with accounting and advisory firm BDO USA. In April 2020, Acumatica acquired JAAS Advanced Manufacturing Software from JAAS Systems.
Technology
Acumatica's web-based ERP applications are built on top of its internally developed platform xRP. The software can be deployed on-premises, hosted in a data center, or run on a cloud-computing platform. The software can be licensed or subscribed to as a Software as a Service solution. Acumatica's SaaS offering runs on Amazon Web Services and Windows Azure and SQL Azure. Acumatica's licensed software runs on a Microsoft Windows Server with a Microsoft SQL database. Applications run as.NET managed code.
Recognition
In 2012, Acumatica was named a Top 100 Global Finalist by Red Herring and number 1 in the Top 20 Coolest Cloud Vendors by CRN. In 2013, Acumatica was named one of CRN's "20 Coolest Cloud Software Vendors of the Cloud" for "solid growth throughout 2012" and its "ability to offer ERP in a SaaS model or hosted on-premises" in a data center or the cloud. Acumatica was a finalist for the 2013 SIIA Software Codie awards for Best Supply Chain Management Solution, and it was also recognized as one of the top 50 Russian start-ups of the year. In 2014, Acumatica won a Gold Stevie in the "New Product or Service of the Year" category for its Cloud Platform. Acumatica was awarded a SIIA Software Codie award in May of the same year for Best Supply Chain Management Solution. In 2016, Acumatica won the SIIA CODiE Award for Best Supply Chain Management Solution. In August 2017, Acumatica Cloud ERP had received PC Mag Editors' Choice Awards for Best ERP Software. Also in 2017, Acumatica won the SIIA CODiE Award for Best Cloud ERP Solution. In 2018, Acumatica received IT research company Gartner's highest score for customer satisfaction. At the 2019 IDEA Awards, Acumatica was listed as a finalist for Most Innovative Business. PC Magazine also named Acumatica among the top ten Best Inventory Management software for 2020 in late 2019. In January 2020, Acumatica's CEO Jon Roskill was named a winner in the 2020 BIG Innovation Awards by the Business Intelligence Group.
