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TMCNet: Almaz Capital Russia Fund invests in Acumatica

[November 04, 2009]

Almaz Capital Russia Fund invests in Acumatica

Nov 04, 2009 (Datamonitor Financial Deals Tracker via COMTEX) -- Almaz Capital Russia Fund I, L.P., a venture capital fund managed by Almaz Capital Partners, has invested in Acumatica, a US-based provider of web-based accounting, enterprise resource planning, and customer relationship management software solutions.


Deal Type Venture Finance Sub-Category None Deal Status Completed: 2009-11-03 Deal Participants Target (Company) Acumatica Deal Rationale Acumatica will use the proceeds to launch its Software as a Service (SaaS) offering and to strengthen its position as a provider of fully customizable SaaS and on-premise software.

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