Intacct Announces Partnership With The San Jose Software Business Cluster; ASP Provides Largest Silicon Valley Incubator With Powerful Web-Based Accounting.Business/Technology Editors CUPERTINO, Calif.--(BUSINESS WIRE)--March 7, 2000 Intacct Corporation, the leading Internet accounting Application Service Provider (ASP), today announced that member companies of the Silicon Valley-based San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. Software Business Cluster A business cluster is a geographic concentration of interconnected businesses, suppliers, and associated institutions in a particular field. Clusters are considered to increase the productivity with which companies can compete, nationally and globally. now benefit from access to powerful web-based accounting services. Software Business Cluster's resident technology start-ups can use their Intacct subscription for free until they outgrow outgrow verb To change the relationship with a condition or structure by dint of ↑ age or size; while children outgrow clothing, and certain behaviors, they rarely outgrow diseases–eg, asthma the incubator, at which time they may opt for continued scalable accounting services starting at $49.99 per month. The Cluster's incubator companies represent a broad spectrum of software and web products with an impressive alumni membership. Recently launched, Intacct is aggressively pursuing partnerships with business incubators Business incubators are organizations that support the entrepreneurial process, helping to increase survival rates for innovative startup companies. Entrepreneurs with feasible projects are selected and admitted into the incubators, where they are offered a specialized menu of and has begun to provide services to start-ups within the high-tech community at the Software Business Cluster and Panasonic's Internet Incubator. "Intacct's early adopters have been web-savvy businesses that immediately understand the benefits of high-security web-based business applications," said David Thomas, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Intacct. "The Software Business Cluster sees Intacct as a high-value-add service that gives their resident high-growth companies powerful, easy-to-use accounting services that they otherwise could not afford." Prior to Intacct, growing companies have been hamstrung by accounting software designed for home and small offices until they can afford to pay hundreds of thousands of dollars for in-house systems that also require employee training, upgrading and maintenance. The Intacct service features real-time online user assistance and scales to meet the needs of start-ups as they grow. Intacct makes their financial data accessible anytime, anywhere, over secure Internet connections. "Software Business Cluster's offering of Intacct's web-based accounting services gives our start-ups an extra edge by eliminating the accounting hassles associated with rapid growth," said Jim Robbins, founder of the San Jose Software Business Cluster. "Intacct adds value to our core business services, which include computer networks, web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. , business advice and assistance, as well as introductions to the capital investment community." About The Intacct Accounting Service Intacct is a highly secure Internet-based accounting service. It is delivered from world-class data centers housing redundant Internet backbone (communications, networking) Internet backbone - High-speed networks that carry Internet traffic. These communications networks are provided by companies such as AT&T, GTE, IBM, MCI, Netcom, Sprint, UUNET and consist of high-speed links in the T1, T3, OC1 and OC3 ranges. connections, powerful Oracle 8i database servers that keep mirrored copies of customer data, and sophisticated Alteon load-balancing servers that manage and distribute user requests among custom-built web application servers. Intacct provides automatic software updates at no charge and nightly data backup that do not interrupt its 24/7 availability. About Intacct Corporation Intacct is an Internet application service provider (ASP) that delivers web-based accounting solutions to the mid-market at a fraction of the cost of traditional client-server systems Client-server system A computing system that is composed of two logical parts: a server, which provides services, and a client, which requests them. The two parts can run on separate machines on a network, allowing users to access powerful server resources . Founded in June 1999 by accounting software pioneer David C. Thomas, Intacct is based in Cupertino, California. Intacct is privately financed and can be found on the Web at www.intacct.com. About The San Jose Software Business Cluster The largest and most successful business incubator, San Jose Software Business Cluster provides entrepreneurs with access to resources and shared services shared services, n.pl the administrative, clinical, or other service functions that are common to two or more hospitals or their health care facilities and used jointly or cooperatively by them. in a 24,000-square-ft. facility in downtown San Jose Downtown San Jose is the central business district of San Jose, California, United States. The area is generally located north of Interstate 280 and east of Guadalupe Parkway, which roughly parallels Guadalupe River. . The Cluster provides facilities for 20 to 30 emerging software businesses in early-stage development for a two-year maximum period of residence. The Cluster provides assistance and resources to facilitate their growth. Members represent a diverse group of start-ups in non-competitive market sectors. The Software Business Cluster is a non-profit entity, supported by leading businesses and organizations within Silicon Valley, and offers cost effective office space and services to start-up companies start-up company A new business. . The benefits for Software Business Cluster members include a network of software and business resources, information and access to funding sources, start-up coaching and assistance, office furnishings and equipment, conference rooms, and medical and dental insurance Dental insurance is insurance designed to pay the costs associated with dental care. Dental insurance pays a portion of the bills from dentists, hospitals, and other providers of dental services. at discounted rates. Current resident start-ups include 52 x 7 Corporation, Citium Inc., Global Box Office, Hotlocker.com, Interactive Identity, ITisON, Inc., Kids Lab, Inc., Kovair Software Inc., Pop2it.com, Privada Inc., SQLsniffer.com, Speed to Market Engines, TurboGrad.com, Upstream Networks, and What If Solutions. Software Business Cluster alumni companies include Adaptive Media Technologies, Agile Software Corp., AutoEntry Online, BroadQuest, Calico Technology, ecom2ecom, eGain Communications Corp., Euristix (Acquired by Fore Systems See Marconi. ), Global Sight, OnlineAnywhere (acquired by Yahoo!), Open Minded Solutions, Open World Distribution, TeraForm, Uptime Computer Technologies, Waiter.com, Wireless Online, and WorldSafetyNet. Note to Editors: Intacct is a servicemark of Intacct Corporation. Other products mentioned are trademarks of their respective owners. |
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