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Cutting Edge Cloud ERP Vendor Scores 10 Million in Funding

| November 18, 2013

Acumatica Raises $10 Million

Expecting $1 Billion in Revenue in 10 Years

If you know PC Bennett, you know that we’ve been excited about Acumatica for some time now. Here is some recent news about the modern ERP vendor.

After growing by more than 300% several years in a row, Acumatica has just raised $10 million from Runa Capital.

A November 18th press release reported:

“The latest funding will enable Acumatica to accelerate its already aggressive growth and work with its robust partner channel to make its offering the Cloud ERP solution of choice for SMBs worldwide.

‘We have a solid product roadmap loaded with new innovative additions, and a partner channel that continues to grow faster than we ever could have expected,’ said Larichev. ‘We do not need more funding because we are already making money.’ “

A managing partner of Almaz Capital is quoted in the press release as saying, “We see Acumatica growing to more than a billion in revenue in less than 10 years”.

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