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Sage Buys Intacct for $850M

Cloud Accounting Weekly is now Own Your Close, a newsletter for management accountants, controllers,
Own Your Close
Sage Buys Intacct for $850M
By Blake Oliver • Issue #52 • View online
Cloud Accounting Weekly is now Own Your Close, a newsletter for management accountants, controllers, and providers of outsourced accounting services. For more accounting technology updates, tune in to the Cloud Accounting Podcast.

Sage is buying Intacct. This is a big deal for, Armanino, which is the current #1 VAR (value added reseller) partner by CMRR (current monthly recurring revenue), and the #1 firm bringing in new subscriptions for Intacct. 
Intacct, in case you’re not familiar, is a cloud-based ERP built on a multi-dimensional general ledger. It’s a great fit for midsize companies that have outgrown apps such as Xero and QuickBooks Online.
I’m excited for the acquisition as it means Sage will provide additional resources to accelerate Intacct product features. It also gives Sage a strong presence in the U.S. cloud accounting market, which it has thus far been lacking.
For more analysis on the acquisition and the best links I clicked on this past week, keep on scrolling.
Top Stories
Sage buys Intacct for $850M
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App Updates
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Industry News
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This issue was lovingly crafted by Blake Oliver and Phil Gross. Thanks for reading, and have a great week!
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Blake Oliver

"Cloud Accounting Weekly" is now "Own Your Close," a newsletter for industry accountants, controllers, and providers of outsourced accounting services! Subscribe and stay up-to-date with the latest in technology, new regulations, and management tips.

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