Acumatica
Facts
- HQ
- Bellevue, Washington, U.S.
- Sectors
- Software Development
- Founded
- 2008
- Employees
- 821
- Stage
- null
Acumatica Acquires Vertrax to Expand Cloud ERP Solutions in Fuel and Energy Distribution
Acumatica, a cloud ERP provider, has acquired Vertrax, a long-term partner specializing in software for the fuel and energy distribution industry, to expand its industry-specific solutions and support Vertrax's growth. Vertrax will continue operating under its own brand as part of Acumatica.
Pure Watercraft, GM-Backed Electric Boat Startup, Enters Receivership and Liquidates Assets After $150M Investment
Seattle-based electric boat company Pure Watercraft, backed by General Motors, entered receivership on July 19, 2023, and is currently liquidating assets to satisfy creditors while shutting down major operations. Despite Pure's financial failure, industry insiders remain optimistic about the electric boating market.
Acumatica Opens 12,000-Square-Foot HQ in Bellevue, Plans 20% Global Staff Growth in 2024
Acumatica opened a new 12,000-square-foot headquarters in Bellevue, Washington, as part of a plan to increase its global workforce by 20% in 2024. The cloud ERP company, led by CEO John Case and employing nearly 700 people globally, is expanding despite shrinking office demand in the Seattle region.
Zin Boats Raises $1.275 Million to Relaunch High-Performance Electric Speed Boats in 2024
Zin Boats, a Seattle-based electric speed boat company, overcame pandemic challenges and raised $1.275 million in seed funding to advance its electric boating technology and prepare for a significant 2024 relaunch. The company aims to compete in the growing electric boating market with its high-performance, zero-emission boats.
Algorithmia Founder Diego Oppenheimer Joins Venture Firm Factory to Open Seattle Office; Expedia Appoints Brad Bentley and Tript Singh Lamba to Executive Roles
Diego Oppenheimer, former CEO of Algorithmia, has joined venture capital firm Factory as partner and CEO-in-residence to open its new Seattle office, focusing on AI startups. Additionally, Expedia Group hired Brad Bentley as COO of Expedia Brands and Tript Singh Lamba as SVP of consumer product.
Former Microsoft Teams VP Bhrighu Sareen Named Highspot President of Product & Engineering As Startup Hits $3.5B Valuation
Bhrighu Sareen, former Microsoft Teams corporate VP, joined Highspot as president of product & engineering, a startup valued at $3.5 billion. Other leadership changes include DocuSign naming Google exec Allan Thygesen as CEO amid layoffs, and Edifecs and Acumatica hiring seasoned executives.
Acumatica buys IBS Imperium; APIMetrics acquires API Science; PDQ.com acquires SmartDeploy
Three Seattle-area tech deals: Acumatica bought IBS Imperium (a property-management app built on its platform), APIMetrics acquired API Science (an API monitoring tool), and PDQ.com purchased SmartDeploy (an endpoint-management startup).
Puppet Acquires Seattle Startup Distelli to Enhance Cloud Automation and Code Deployment
Puppet has acquired Seattle-based startup Distelli to enhance its cloud automation platform by integrating Distelli’s efficient code deployment tools. Distelli, founded in 2015 and backed by Andreessen Horowitz, will join Puppet’s Seattle office to help improve software development speed and visibility for Puppet’s 37,000 customers.
People
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John Case Executive, Chief Executive Officer
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Jon Roskill Executive, Chief Executive Officer
