IDG Contributor Network: No IPO, debt funding instead. Intacct gets some fuel

Cloud ERP vendor Intacct last week announced that it has secured debt funding by way of a $40 million facility from Silicon Valley Bank. This comes at the same time as Intacct announced year-on-year new bookings increasing by some 34 percent.

Intacct has an interesting job in front of it -- it is a mid-market vendor and therefore fills the space between tools designed for small and mid-sized businesses (QuickBooks and Xero, for example) and more enterprise-focused tools such as NetSuite,

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