Intacct Taps Intuit Executive to Head Worldwide Product Management and Extend Leadership in On-Demand Financial Applications

Intacct, a leader in on-demand financial management solutions, today announced the appointment of George Jaquette as Vice President of Product Management. Jaquette joins Intacct from Intuit, where he was responsible for product management for QuickBooks and was a key member of Intuit's executive marketing team.

Jaquette adds to Intacct's world-class management team as the company continues to help growing companies "graduate" from QuickBooks by adopting Intacct's powerful, cost-effective and entirely on-demand family of financial management applications. Inc. Magazine earlier this year named Intacct as "Best for Replacing QuickBooks."

Jaquette was most recently responsible for product management of the QuickBooks desktop accounting products, a $500 million product line with nearly 90% market share. He brings more than 20 years of management experience and deep knowledge of accounting, sales force automation, and professional services to Intacct. George earned an MBA from the Sloan School of Management at the Massachusetts Institute of Technology and also holds a Bachelor of Science degree in electrical engineering from MIT.

"QuickBooks is a great product, but all growing companies quickly find the need to move from a desktop bookkeeping system to a real financial management system," said Mike Braun, CEO at Intacct. "Helping companies make this transition easily and inexpensively, and then growing with them as they scale to become large enterprises, is our mission. George's deep domain expertise and record of success will improve and accelerate our plans."

"I am delighted to be joining the leader in on-demand financial management solutions," said Jaquette. "Intacct's Software as a Service model is the only sensible way for companies to move from their first entry level bookkeeping package to a financial management system that enables rapid growth. My goal is to accelerate the pace at which Intacct will help businesses run better and make their employees more productive."

About Intacct

Intacct is a market and technology leader in on-demand financial management applications. The company's award-winning suite of solutions is used by thousands of small and midsized businesses, from startups to public companies, to manage and share financial, supply chain, and professional services information. Intacct automates key business processes from order entry through cash collection and procurement through vendor payment. The Intacct suite includes accounting, contract management, revenue recognition, inventory, purchasing, vendor management, project management, payroll and financial reporting applications, all delivered over the Web via Software as a Service. As a company grows, Intacct's deep and mature applications, SAS 70 Type II certification and documented processes support Sarbanes-Oxley compliance for public enterprises. Intacct is headquartered in San Jose, California, with operations in Bangalore, India. For more information visit www.intacct.com or call 877-437-7765.

Media Contact: Kevin Wolf Intacct PR 650-327-1641 Email Contact