Intacct Delivers Record Results... Again

Having led Intacct to triple revenue over the past two and one half years, Mike Braun, president and CEO of Intacct, announced his intent to retire by the end of 2009 after 38 years in the information technology business. Braun, who will turn 60 in October, has also recently retired from the Board of Directors of Callidus Software. Braun will continue as CEO of Intacct until a successor is named and will continue to serve on Intacct's Board of Directors following his retirement.

"Intacct had another outstanding year. Our strategies, commitment to client success and great execution have led to rapid growth that has surpassed our competitors by a substantial margin," said Braun. "When I joined Intacct in 2007, I told our board that I wanted to retire at age 60; so now is the time to begin an orderly transition process. I'm very proud of the work we have done and excited about Intacct's future."

Here is a recap of Intacct's business highlights during the past fiscal year:

Groundbreaking Alliance with the AICPA and CPA2Biz

--  In April, the American Institute of Certified Public Accountants
    (AICPA), its subsidiary CPA2Biz, and Intacct announced a groundbreaking
    alliance to benefit millions of small businesses across America and improve
    the productivity of the CPA profession.
--  The AICPA, and its subsidiary CPA2Biz, named Intacct as their
    preferred provider of financial applications. CPA2Biz was also named the
    preferred distributor of Intacct to the CPA profession.
--  The benefits of the new alliance will extend to all of the more than
    350,000 AICPA members, whether practicing in one of 45,000 member CPA firms
    or working in industry, and to millions of small and mid-sized businesses
    across the country.
    

Record Client and Partner Satisfaction

--  Nearly 90% of Intacct clients and partners continue to indicate that
    they would recommend Intacct to their colleagues.
--  Nucleus Research found that nGenera achieved a return on investment
    (ROI) of 589%, more than $715,000 in annual savings and a two month payback
    from their implementation of Intacct.
--  Intacct extended its already market-leading service level guarantee,
    Buy with Confidence(SM) (http://us.intacct.com/pr/confidence), to include
    disaster recovery from SunGard at no added charge, plus specific
    commitments surrounding data ownership, migration and retention.
--  Intacct achieved near operational perfection, achieving 100% system
    availability for nine of the last 12 months and greater than 99.99%
    availability overall. Intacct provides complete transparency into real-time
    global system operations on its application status website at
    http://www.intacct.com/status.
    

Accelerating Awards and Honors

--  The CPA Technology Advisor twice awarded Intacct perfect 5-stars
    scores in separate reviews of accounting software for small businesses and
    mid-range accounting systems.
--  Intacct won the 2009 Software and Information Industry Association's
    CODiE Award for Best Financial Software Solution.
--  Accounting Today named Intacct one of its Top 100 Products of 2008 and
    again named Intacct CEO Mike Braun to its list of the 100 Most Influential
    People in Accounting.
--  JMP Securities named Intacct to its Hot 100 list, which profiles 100
    of the leading private companies in the software industry.
    

Continued Innovation

--  Intacct Global Consolidations, a breakthrough new application that
    revolutionizes financial consolidation, reporting and analysis extended the
    company's leadership in providing advanced solutions to the unique needs of
    multi-entity and multi-national companies.
--  Intacct delivered a brand new user interface with adaptive menus,
    personalized bookmarks, improved dashboards, and more powerful charting and
    reporting.
--  Intacct MAX(TM) for QuickArrow was released to deliver a single,
    integrated quote-to-cash process for professional services organizations.
--  Improvements to Intacct's workflow and business process management
    capabilities further increased productivity.
--  Intacct delivered new feature releases each month, with more than 100
    client and partner driven enhancements released throughout the year.
    

About Intacct

Intacct is a market and technology leader in on-demand financial management and accounting applications. Bringing cloud computing to finance and accounting, Intacct's award-winning applications are the preferred financial applications for AICPA business solutions. Intacct applications are used by thousands of businesses, from startups to public companies and are designed to improve company performance and make finance more productive. The Intacct system includes accounting, contract management, revenue recognition, inventory, purchasing, vendor management, financial consolidation and financial reporting applications, all delivered over the Internet via Software as a Service.

Intacct is headquartered in San Jose, California. For more information, please visit www.intacct.com or call 877-437-7765.

Intacct and the Intacct logo are trademarks of Intacct Corporation. QuickBooks is a trademark of Intuit, Inc. All other company and product names mentioned herein may be trademarks of their respective owners.