Intacct provides cloud-based financial-management and accounting software to clients ranging from startups and SMB organizations to large, public enterprises.
Prior to Battery’s 2014 investment in Intacct, the Battery team had been developing an extensive investment thesis surrounding cloud-software solutions for corporate CFOs, culminating in the firm’s investments in companies including Intaact and Coupa. This thesis work also led the Battery team to Intacct.
Battery recognized that Intacct’s enterprise resource planning (ERP) solutions addressed one of the largest software categories. At the same time, Intacct was one of the only cloud-based ERP providers—at a time when cloud adoption was still very nascent. Battery believed in the large and still widely untapped opportunity before Intacct and was eager to partner with the company as it aimed to replace legacy ERP software providers.
- Battery leveraged its experience working with horizontal SaaS businesses to help Intacct further invest in its go-to-market functions to accelerate bookings.
- Battery served as a champion for Intacct, highlighting the company at Battery events, such as its CFO Summit, and introducing portfolio companies to Intacct’s solutions.
In 2017, Gartner named Intacct a visionary in its Magic Quadrant for Cloud Core Financial Management Suites, and Sage announced it would acquire Intacct for $850 million.
Past performance is no guarantee of future performance and there can be no assurance that Battery or its portfolio companies will achieve comparable results.
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