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For Release on July 8

Press Contact:

Peter OlsonIntacct408-878-0951polson@intacct.comhttp://www.twitter.com/intacct_peter

Intacct Taps Industry Veteran Taylor Macdonald asVice President of Channels

Former Sage and Deltek Channel Chief to Lead Expansion of Intacct’s Successful Channel Programs

SAN JOSE, Calif. – July 8, 2010 –

Intacct, the leader in cloud financial management andaccounting applications, today announced it has named Taylor Macdonald as its new VicePresident of Channels. In this position, Macdonald will accelerate the growth of Intacct’s alreadysuccessful Value Added Reseller (VAR) and CPA channel initiatives.“Intacct and cloud computing represent a massive business opportunity for the channel.Synergistically, we believe that the channel is the key to driving broad adoption of cloud-basedfinancial management across North America,” said Robert Reid, president and CEO of Intacct.“Bringing on Taylor, with his tremendous track record of success and channel leadership willfuel the adoption of cloud computing and will further drive Intacct’s already rapid growth.”Macdonald brings more than 20 year of experience building and operating some of the world’slargest and most successful channel programs at leading financial management and ERPproviders including Deltek and Sage.Uniquely, Macdonald also has extensive experience running a Value Added Reseller business,having founded Macdonald Consulting Group in 1990, which he built into a five time repeatwinner as Sage Software’s top worldwide business partner. Macdonald has also collectednumerous channel accolades including being named a Top Channel Executive fromVARBusiness and Top 50 Channel Champion from CRN three years in a row.“We recently took a very close look at the Intacct product, organization and overall strategy, andwere frankly very impressed,” said David Cieslak, principal at Arxis Technology, Inc., a leadingtechnology consulting firm and one of the top software resellers in the industry. “As customers