United States : Acumatica lands investment from Almaz Capital Russia Fund.Byline: Mamta03 Acumatica, a company that develops and sells web-based accounting, ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. and CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. software, has received an investment in an undisclosed amount from the Almaz Capital Russia Fund I, which is backed by Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. . The investment will be used to help Acumatica launch its Software as a Service (SaaS) offering and secure its position as a leader in providing fully customizable SaaS and on-premise software On-premise software refers to the use of an executable computer program (software) installed on the premises (in the building) of the person or organisation using such software. . A The company says Acumatica is designed as a highly customizable web application with the flexibility to be hosted on-premise, at a datacenter, or on a cloud computing (1) Running applications in or from network servers. Computing "in the cloud" may refer to a company's own network, but often refers to the Internet and the use of Web browser-based or rich client applications. platform. Acumatica offers advanced financial features including flexible account structures, multi-currency operations, and support of multiple accounting standards. The investment in Acumatica reflects our ongoing support and professional interest in cloud technologies and associated business opportunities. Acumatica has compelling and differentiated technologies, a strong and growing customer base, and opportunities to further expand its core offering and solve critical ERP and CRM needs for the middle market," said Alexander (Sasha) Galitsky, co-founder and managing partner of Almaz Capital Partners. We seek proven technologies that are uniquely applied to solve global market needs and believe Acumatica has the potential to be a game changer Changer The name given to a clearing member that is willing to assume the opposite position of a futures contract within a larger alternative exchange, of which it also is a clearing member. . Acumatica is well positioned to help mid-market enterprises safely transition to web and cloud computing technology, said Ezequiel Steiner, 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 Acumatica. The investment from Almaz will accelerate our ability to deliver advanced accounting and ERP solutions on-premise or as SaaS. Almaz Capital Partners is a venture capital firm that invests in Russian/CIS related technology, digital media, and communications companies. The Almaz Capital Russia Fund was formed in July 2008, when it completed an initial closing with a $30 million anchor investment from Cisco. The firm has offices in Silicon Valley and Moscow. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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