SOURCE: Intacct Corporation

January 31, 2007 07:00 ET

Intacct Appoints Mike Braun Chief Executive Officer

SAN JOSE, CA -- (MARKET WIRE) -- January 31, 2007 --Intacct Corporation, a leader in on-demand financial applications, today announced that Michael A. Braun has been named chief executive officer. Braun is chairman of the board at Callidus Software (NASDAQ: CALD), the leader in sales performance management solutions and the former general manager of IBM's Global Small Business division. He succeeds Bob Jurkowski, who has decided to pursue other interests. The appointment of Braun is effective immediately.

"Mike Braun is a leader who thinks big and can translate visionary ideas into operational reality," said Brian Jacobs, chairman of the board at Intacct and general partner at Emergence Capital. "Throughout his 35 years in the technology industry, Mike has proven this in an amazing number of markets. We're delighted to have him lead Intacct to the next level. I'd also like to thank Bob Jurkowski for building Intacct's business to its current successful position."

"Intacct is an exciting place to be," said Braun. "We have the ingredients for a giant success. Intacct is targeting the largest application software market on earth -- financial solutions. Every business needs a financial system, and we've proven the value of our solution to over 2,000 existing customers. Businesses around the world are scrapping traditional enterprise software systems in favor of solutions from companies like Intacct, who know how to deliver value 'on-demand.' The timing is right for Intacct to harness the wind at its back."

Most of Braun's experience has been working in businesses based on advanced technology in the early stage of market adoption or helping businesses grow around a new vision. He has been CEO of three Silicon Valley companies and general manager of four major businesses at IBM. As CEO of Neuron Data, he transformed it into Blaze Software, which went public in 2000 and is now part of Fair Issac Corporation. In the mid 1990s, he led Kaleida Labs, the pioneering multimedia joint venture of Apple and IBM, and most recently co-founded The Interim CEO Network, Silicon Valley's #1 source for interim leadership. His IBM career spanned 23 years, customers of all sizes, and products as diverse as software, servers of all sizes, PCs and even typewriters.

About Intacct

Intacct provides on-demand financial management system applications for more than 2,000 small and midsize businesses. Thousands of users at companies ranging in size from startup to public companies pay a monthly subscription fee to access the first SAS 70 Type II certified financial, supply chain, business intelligence and project management suite on the Web. Intacct's financial management system supports all your business units, each with its own account structure, business processes, currencies, taxes and regulatory requirements and provides unparalleled top-down visibility and control. As a company grows, SAS70 Type II certification and documented processes also support Sarbanes-Oxley compliance for public companies. The ability to add more users, applications and business units as you grow makes Intacct the last financial management suite you'll ever need. Headquartered in San Jose, California, with operations in Bangalore, India, Intacct is a privately held company funded by Deloitte & Touche, Emergence Capital Partners, Goldman Sachs, Hummer Winblad Venture Partners and JK&B Capital.

For more information visit or call 877-437-7765.

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