IDG Contributor Network: No IPO, debt funding instead. Intacct gets some fuel

Cloud ERP vendor Intacct last week announced that it has secured debt funding by way of a $ 40 million facility from Silicon Valley Bank. This comes at the same time as Intacct announced year-on-year new bookings increasing by some 34 percent.

Intacct has an interesting job in front of it — it is a mid-market vendor and therefore fills the space between tools designed for small and mid-sized businesses (QuickBooks and Xero, for example) and more enterprise-focused tools such as NetSuite, SAP, and Oracle. The mid-market space is a difficult one — customers have a plethora of different requirements and often the complexity, if not the budgets, are similar to those of larger enterprise organizations.

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Computerworld Cloud Computing

No phone, no problem: NSA will target the cloud instead

As of last week, the National Security Agency can no longer cull through Americans’ phone records, but it can continue to eavesdrop on our emails, video chats, and documents. The NSA can keep metadata already collected until Feb. 29, 2016, and your phone data will continue to be collected by telecom companies.

But the fact that phone records can no longer be easily searched is nearly meaningless to the world of cloud computing. If the data is still up for grabs — and it is — then we’re likely to have the same concerns we did before the USA Freedom Act that curtailed some of the NSA’s activities last week.

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InfoWorld Cloud Computing