Intacct

San Jose, California, United States Software Acquired

Intacct Corporation was a cloud-based financial management and accounting software provider founded in 1999 by Odysseas Tsatalos and David Chandler Thomas as one of the first accounting applications built for the cloud. Headquartered in San Jose, California, Intacct offered subscription-based applications covering general ledger, accounts payable/receivable, cash management, order management, purchasing, project accounting, multi-entity consolidations, subscription billing, and reporting/dashboards aimed at mid-market businesses. In July 2017, Intacct was acquired by UK-based The Sage Group plc for approximately $850 million and rebranded as Sage Intacct.

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Acquired

Intacct has been acquired

Acquired by The Sage Group plc July 25, 2017 ~$850M (cash, including ~$43M rollover options)

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

1999

Employees

500

Total Funding

$140M

6 rounds

Funding

Total raised $140M across 6 rounds

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Last updated 05-21-2026

Latest Round

Type

Series G

Date

February 18, 2014

Amount

$30M (part of $45M total financing)

Valuation

$0.21B

Lead Investors

Battery Ventures

Date	Round	Amount Raised	Valuation	Lead Investors
May 5, 2016	Debt Financing	$40M	—
February 18, 2014	Series G	$30M (part of $45M total financing)	$0.21B	Battery Ventures
October 18, 2012	Venture Round	$13.5M	—

Leadership

Robert Reid
Chief Executive Officer (at acquisition; previously President from 2009)
Odysseas Tsatalos
Co-Founder & Chief Technology Officer
David Chandler Thomas
Co-Founder

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

Oracle NetSuite
Oracle's cloud ERP suite covering financials, CRM, inventory, manufacturing, and e-commerce; the most direct competitor to Sage Intacct in mid-market cloud financial management.
Workday
Cloud-based financial management and human capital management platform targeting larger enterprises than Sage Intacct typically serves.
Intuit QuickBooks
Small-business accounting software (including QuickBooks Enterprise and Intuit Enterprise Suite); competes with Sage Intacct at the lower end of the mid-market segment.
Microsoft Dynamics 365 Business Central
Microsoft's cloud ERP for small and mid-market businesses, frequently evaluated alongside Sage Intacct for Microsoft-centric organizations.
Acumatica
Cloud ERP vendor with unlimited-user pricing model competing in the mid-market financial management and ERP space.
SAP Business One / S/4HANA Cloud
SAP's ERP offerings for small/mid-market (Business One) and enterprise (S/4HANA Cloud) deployments, competing across the cloud financials and ERP landscape.

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