Acumatica is a technology company.
Acumatica is a technology company.
Acumatica has raised $10.0M across 1 funding round.
Acumatica has raised $10.0M in total across 1 funding round.
Acumatica has raised $10.0M in total across 1 funding round.
Acumatica's investors include Almaz Capital, Mohr Davidow Ventures, Peterson Ventures, Plug & Play Ventures, Visionaire Ventures, Dmitry Dakhnovsky, Eric Hahn, Zarko Maletin.
# Acumatica: Cloud ERP for Growing Businesses
Acumatica is a cloud-based enterprise resource planning (ERP) software company that serves small and medium-sized businesses (SMBs) with industry-specific business management solutions[1][2]. The company provides a modern, flexible platform designed to help growing organizations streamline operations, automate workflows, and gain real-time visibility into their business—from financial management and inventory control to project accounting and customer relationship management[6].
Acumatica's mission centers on equipping growing businesses with tools to control their future and thrive in the digital economy[3][7]. The company operates as part of a larger ecosystem under IFS ownership, where it focuses specifically on SMBs while sister company IFS serves larger enterprise customers[2]. This positioning allows Acumatica to concentrate on solving real-world problems for mid-market organizations across industries including manufacturing, distribution, retail, and professional services.
Acumatica emerged from Parallels in 2008 when a small team of engineers—including founder Mike, who serves as CTO—recognized that their cloud platform technology, originally developed for billing solutions, was well-suited for the ERP market[2]. The company was formally founded as a spinoff from Parallels with backing from Serguei Beloussov and John S. Howell, Jr., with the initial billing system they created evolving into Acumatica's current Financial Management module[2].
A pivotal moment came in 2014 when Jon Roskill, a former Microsoft vice president with 20 years at the company, joined as CEO[1][2]. Under his leadership, Acumatica scaled dramatically, growing to more than 5,000 customers and expanding its partner network and international presence[2]. This growth trajectory ultimately attracted acquisition interest, leading to EQT AB's acquisition of the company in 2019[1]. In 2022, John Case, another former Microsoft corporate vice president, became CEO, continuing the company's focus on innovation and customer success[1].
Acumatica represents a significant shift in enterprise software toward cloud-native, modular ERP solutions designed for the modern SMB. As organizations increasingly reject expensive, rigid on-premises legacy systems, Acumatica captures demand from fast-growing companies that need scalability without complexity.
The company benefits from several converging trends: the acceleration of digital transformation across industries, the rise of cloud-first business models, the integration of AI into business processes, and the growing sophistication of mid-market companies that demand enterprise-grade capabilities at accessible price points. By focusing specifically on SMBs rather than competing directly with SAP and Oracle in the enterprise space, Acumatica has carved out a defensible market position.
Additionally, Acumatica's role within the IFS portfolio—where it operates as a complementary solution to IFS's enterprise offering—positions it to benefit from cross-pollination of R&D capabilities and geographic expansion, while maintaining focus on its core SMB segment[2].
Acumatica is well-positioned to capture continued growth in the SMB ERP market as digital transformation accelerates and organizations seek modern alternatives to legacy systems. The company's emphasis on practical innovation driven by customer needs, rather than feature bloat, differentiates it in a crowded market[7].
Looking ahead, Acumatica's trajectory will likely be shaped by its ability to deepen AI integration, expand industry-specific capabilities, and leverage its partner ecosystem for geographic and vertical expansion. The company's ownership by IFS provides financial stability and access to enterprise-grade R&D resources, while its focused SMB positioning allows it to move faster than larger competitors. As businesses continue prioritizing agility, real-time visibility, and operational efficiency, Acumatica's cloud-native platform and customer-centric approach position it as a key player in how growing companies will manage their operations for the next decade.
Acumatica has raised $10.0M across 1 funding round. Most recently, it raised $10.0M Series C in October 2013.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2013 | $10.0M Series C | Almaz Capital, Mohr Davidow Ventures, Peterson Ventures, Plug & Play Ventures, Visionaire Ventures, Dmitry Dakhnovsky, Eric Hahn, Zarko Maletin |