Intacct
Acquired15,773 employees on LinkedIn Β· 6 known investors
Sage Intacct provides accounting and financial management software with integrated AI capabilities for invoice processing, bill management, month-end close automation, and financial data analysis. The platform serves sole traders, accountants, and finance teams across various accounting functions.
Also known as Intacct Corporation Β· Sage Intacct Β· Sage Intacct, Inc
Investors Β· 6
Also in the syndicate Β· 2
Valuation Β· disclosed
Disclosed eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed β follow each entry's link for the claim.
Company profile
researched Aug 2026Sage Intacct, Inc. (formerly Intacct Corporation) is an American provider of cloud-based accounting software and related services, founded in 1999 in San Jose, California. Its multi-tenant, web-based platform was built to serve mid-market companies that previously had to choose between entry-level packages and costly enterprise systems, and it is delivered on a subscription basis rather than under perpetual licences.
The core application spans accounts payable, accounts receivable, cash management, general ledger, order management, purchasing, collaboration, and reporting and dashboards. Add-on modules cover contract and subscription billing, contract revenue management, fixed assets, inventory management, multi-entity and global consolidations, project accounting and billing, sales and use tax, time and expense management, and vendor payment services. Later additions include a Budgeting and Planning module (built on the Budgeta software Sage acquired in 2018) and AI features such as Sage Copilot, AI-driven anomaly detection for AP automation, and the earlier Intelligent GL and Interactive Custom Reports capabilities.
The platform is extended through an integration ecosystem: a Sage Intacct Marketplace lists partner and Sage-built applications across industry and functional categories (AP automation, AR and collections, treasury, close management, CRM, HCM and payroll, procurement, tax compliance and others), with third-party connections including Salesforce, ADP, SAP Concur, Certify, ScanForce, Ramp, Tipalti, MineralTree and FloQast.
Founding story
Intacct was founded in 1999 by technologist Odysseas Tsatalos and executive David Chandler Thomas as one of the first accounting applications built for the cloud. The founders targeted a gap in the mid-market, where companies chose between basic packages such as QuickBooks and expensive enterprise systems such as Oracle, and built a multi-tenant web-based platform that partitioned each customer's data while running a single software instance. The company adopted a subscription SaaS model from the outset, with an initial product covering core ledger, accounts payable and accounts receivable.
Business model
Subscription-based software-as-a-service. Customers pay recurring fees for the core cloud financial application plus optional add-on modules, with additional third-party and Sage applications available through the Sage Intacct Marketplace.
Recurring subscription revenue from a suite of cloud accounting products and add-on modules; the business anchors part of Sage Group's recurring revenue base. Revenue for the fiscal year ending June 2016 was $67 million with pre-tax losses of $23 million.
Traction
Revenue grew more than 40% year over year as of 2014. The company reported $67 million in revenue for the fiscal year ended June 2016 and 11,000 customers at the time of the 2017 acquisition, reported as over 11,000 customers by 2020. Headcount was about 500 in 2018.
Latest developments
Sage Copilot, a generative AI assistant, was launched in 2024-2025, with reporting of an average 35% reduction in month-end close times among adopters by early 2026. The product's help resources also highlight AI-driven anomaly detection for accounts payable automation, invoice previews for billing groups, and an early-adopter enhanced project contract billing workflow.
βΈFull profile β market position, technology, go-to-market, geography, history, risks & controversies
Market position
An early entrant in cloud accounting for the mid-market, competing with FinancialForce and Oracle's NetSuite, and compared with peers such as Xero and Acumatica. It held the AICPA's preferred-provider designation for financial applications for more than a decade and reported 11,000 customers at the time of the 2017 acquisition.
Cloud-native multi-tenant design dating to 1999, depth in financial management functions such as multi-entity consolidations, project accounting and revenue recognition, and an open, best-in-class integration strategy with connectors to Salesforce and other SaaS applications rather than an all-in-one suite approach.
Technology
Multi-tenant, cloud-native SaaS architecture with web-based applications built on the company's internally developed platform, supporting API-based integration with third-party systems. Newer capabilities include machine-learning-based anomaly detection and automated journal entries (Intelligent GL), configurable interactive reporting, and the Sage Copilot generative AI assistant.
Go-to-market
A channel-first model built around value-added resellers, CPA firms and systems integrators alongside direct sales, complemented by an integration and partner marketplace. Following the Sage acquisition, Sage Intacct and Sage People have been cross-sold to mid-market buyers as a combined back-office offering.
Mid-market and medium to large-sized businesses and their finance teams, with industry focus areas including professional services, software and SaaS, nonprofit, healthcare, construction and real estate, financial services, manufacturing, hospitality, retail and field services; accountants and CPA firms are also part of the customer and channel base.
Geography
Products are available in a number of regions including the United States, Canada, the United Kingdom, Australia, South Africa, Germany and France. The company is headquartered in San Jose, California, with additional offices in India and Romania, and product localizations developed at Sage sites in Barcelona, Newcastle upon Tyne and Poland. Sage Intacct and Sage People were sold jointly in the United States, Canada, the United Kingdom and Australia.
History
Founded and headquartered in San Jose, California in 1999, Intacct took its first institutional investment in 2000 with a $10 million Series A from HWVP, and between 2001 and 2014 raised roughly $130 million led primarily by Battery Ventures, Bessemer Venture Partners, Sigma Partners and Emergence Capital, ending with a $45 million Series G in early 2014 at a $211 million valuation. It grew through the 2000s by targeting professional services and software firms; a leadership expansion in 2005 culminated in Robert Reid becoming CEO in 2009. In 2007 it was named the AICPA's Preferred Provider of Financial Applications. Sage Group acquired the company for $850 million in 2017 and rebranded it Sage Intacct; Sage separately acquired the UK HCM vendor Fairsail (renamed Sage People) around the same time and the Intacct partner budgeting product Budgeta in 2018. Former Intacct executives remained with Sage in expanded roles, including CEO Rob Reid as Sage Chairman of Mid-Market Solutions and CTO Aaron Harris as Sage Group CTO.
Risks & controversies
The company reported pre-tax losses of $23 million on $67 million of revenue for the fiscal year ended June 2016. Post-acquisition commentary noted that the Budgeting and Planning module would require further enhancement to meet the needs of more complex mid-market customers, and that international expansion was constrained by the software being available in English only in its initial four markets.
Compiled by commissioned research from 8 cited public sources β announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Founder mafia
2 people who came through Intacct went on to found or lead other companies.
Timeline Β· 10
launches, deals, and filingsSage Intacct introduced Sage Copilot, a generative AI assistant, in the 2024-2025 period; by early 2026 adopters were reported to see an average 35% reduction in month-end close times.
Sage acquired Budgeta, an Intacct partner solution, which became the Sage Intacct Budgeting and Planning module using the same accounting dimensions as Sage Intacct.
Sage introduced an integration between Sage Intacct and Sage People (formerly Fairsail) for mid-market buyers; ten joint customers were reported in September.
The Sage Group plc agreed to buy Intacct in a cash and stock transaction valued at $850 million; the business was subsequently rebranded Sage Intacct.
$850M source β
Following a leadership expansion begun in 2005, Robert Reid became CEO and pursued a channel-first strategy with VARs and CPA firms.
Intacct was named the AICPA's Preferred Provider of Financial Applications, a designation it held for more than a decade.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities Β· 1
corporate structureCompanies House Β· registry record
View on Companies House β- Registered name
- SAGE INTACCT UK LIMITED
- Company number
- 12083020
- Status
- Dissolved
- Company type
- Private limited company
- Incorporated
- 3 Jul 2019
- Dissolved
- 14 Jun 2022
- Registered office
- C23 - 5 & 6 Cobalt Park Way Cobalt Park, Newcastle Upon Tyne, NE28 9EJ
- Nature of business (SIC)
- 64205 β Activities of financial services holding companies
- Accounts
- last made up to 30 Sept 2020
Current officers
- Mohor Roy β secretary, appointed 3 Jul 2019
- Victoria Louise Bradin β director, appointed 3 Jul 2019
- Jacqui Cartin β director, appointed 21 Aug 2020
Source: Companies House public register Β· retrieved 24 Jul 2026. Contains public sector information licensed under the Open Government Licence v3.0.
βΈResearch sources Β· 8
primary sources listed
- Log in to Sage Intacctintacct.com Β· web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Intacct do?
- Cloud accounting and financial management software for mid-market finance teams; acquired by The Sage Group in 2017.
- Who are Intacct's investors?
- Intacct's investors include Bessemer Venture Partners, Hummer Winblad Venture Partners (HWVP), JK&B Capital, Moai Capital.