Intacct Survey Say’s Software Execs See Recession Ending

Intacct, a SaaS provider of accounting and ERP solutions endorsed by the AICPA and used by many industries including software companies, say’s that there just may be a light at the end of the recession tunnel.

From Intacct SVP of Marketing and Business Development Dan Druker’s Post:

In the fourth quarter of 2009, we started to notice our Software industry customers provisioning more users in large numbers and subscribing to more modules too – which I took to mean they were coming out of the recession. This trend only accelerated in the first quarter of 2010 – leading to Intacct putting together record quarters for both Q4 and Q1, dramatically exceeding our plan.

Around the first of the year I was talking about this trend with MR Rangaswami, the CEO of Sandhill group, who is an old friend from past lives at Oracle. We thought it would be interesting to put together a formal research project to understand whether the resurgence Intacct has seen in its software customers is more broadly true in the Software industry as a whole.

They’ve commissioned a study by Sandhill Group of 100 software company executives after noticing improved new Intacct user (seats) license demand in the fourth quarter of 2009.  The results of  the survey, as well as a copy of the data, will  be unveiled in an April 29 webcast. Follow the link below to register and read Dan’s full post.

Bye Bye Recession – Led by Cloud Computing, Software is Roaring Back