Well, that doesn’t make a lot of sense to me or some others. Given the report that channel execs Taylor Macdonald and Peyton Burch did not attend the recent Tech/Prac conference of the American Institute of CPAs and did not respond to cocktail party invitations, it’s time to look for another reason, especially after Intacct was highly visible at the spring meeting for the Information Technology Alliance. A quiet period prior to the filing of documents for an IPO comes to mind. Intacct received a $45 million investment in February and it strikes me that businesses do not tend to go the IPO route this quickly after the money is committed. The other possibility is the company is being shopped. Why not? It would be a good way for a vendor that hasn’t been able to get to the cloud to float up there very quickly. The most frequent reason companies opt out of reviews is product issues, either the product has a problem or it's being replaced or significantly upgraded. I’m going with something in M&A as the most likely scenario.
INTACCT QUIET PERIOD? JUST QUIET? Featured
Intacct recently begged off an invitation to have its product reviewed in our sister publication, The Progressive Accountant. This was a write-up review and certainly the San Jose, Calif.-based company has pushed write-up as a major use for CPA firms that participate in its channel program. The reason for bowing on this one was given by a spokesperson as follows: “We are really encouraging our Intacct Accounting Partners to move their clients away from doing after-the-fact write-up work and move to more value-added, real-time accounting.” … “We don’t really see our software being used for write-up on a consistent basis.”
