Armanino McKenna and Intacct Expand Partnership

Intacct, a leader in cloud financial management and accounting applications, and Armanino McKenna LLP, the largest California-based and 37th largest CPA and Consulting firm in the United States, today announced an expanded strategic partnership. Under the new and expanded sales, marketing and development agreement, Armanino McKenna will offer Intacct across both its Consulting and Outsourced Accounting practices.

Already a top partner for Microsoft Dynamics applications, Armanino McKenna views cloud computing as a significant growth opportunity and in 2010 began an extensive evaluation to find the best cloud-based financial management applications to augment its existing product lines. After evaluating all the major cloud computing-based financial applications, Armanino McKenna selected Intacct to offer across both its Consulting and Outsourced Accounting practices. Further, Intacct will assist Armanino McKenna in marketing and selling Intacct to the firm's clients and in developing new applications and vertical solutions.

"Many companies have a need for a cloud-based application to eliminate IT resources and provide a collaborative web-based solution for their accounting personnel and management decision making," said Matt Armanino, COO and Partner at Armanino McKenna. "We are tremendously excited to be able to work with Intacct across both our Consulting and Outsourced Accounting practices and we expect to gain tremendous leverage by deploying a unified cloud platform across both of these core businesses. Intacct is a great fit for our clients, particularly those in the high-tech, business services and not-for-profit sectors, who increasingly want to move their business applications to the cloud."

Armanino McKenna has already successfully deployed Intacct to a wide range of clients in its Outsourced Accounting practice. This practice assists organizations that prefer not to hire a full-time controller, CFO or finance staff. Armanino McKenna offers Intacct to these companies as a collaborative financial management system that is simultaneously accessed over the Internet by both firm and client personnel.

Intacct features award-winning financial management, fund accounting, project accounting and revenue management functionality at a fraction of the cost and risk of traditional financial software. Intacct also includes sophisticated tools for individualizing, extending and integrating the system to precisely match the needs of specific clients. Armanino McKenna plans to leverage Intacct's cloud-based development tools to build repeatable solutions for key industries and to develop entirely new applications that can be marketed and sold to multiple clients.

"We differentiate ourselves in the marketplace by staying ahead of the curve with respect to the latest technology, by creating our own unique intellectual property and by complementing these solutions with our consulting services," added Armanino. "It is clear this industry is moving rapidly to the cloud and this is an area in which we expect to see significant growth for our firm. The fact that Intacct offers a robust partner program designed around the success of its partners also helped to make our decision to work with Intacct an easy one."

"Top CPA firms like Armanino McKenna have enjoyed tremendous success leveraging Intacct to deliver Outsourced Accounting services to thousands of their clients," said Taylor Macdonald, vice president of Channels for Intacct. "With the mainstream adoption of cloud computing, visionary firms like Armanino McKenna have recognized that there are massive benefits to be gained by standardizing on Intacct across both Consulting and Outsourcing practices. We are thrilled with this expansion of our already successful partnership."

About Armanino McKenna

Armanino McKenna provides comprehensive services to the CFO organization, including audit; tax; IT systems and strategy; outsourced accounting; governance, risk and compliance; financial management; and business advisory services. The firm is the 37th largest public accounting and business consulting firm in the nation and the largest California-based CPA firm. In addition to its San Ramon headquarters, the company has offices in San Francisco and San Jose, California; Portland, Oregon; and Bellevue, Washington. For more information, please visit http://www.amllp.com.

About Intacct

Intacct is a market and technology leader in web-based financial management and accounting applications for businesses and CPA firms. 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 cloud computing.

Intacct is headquartered in San Jose, California. For more information, please visit www.intacct.com.