Leap the Pond Receives Growth Funding Through State of Connecticut Small Business Express Program
Leading Intacct accounting solution provider plans to expand services team and develop value-added products
MILFORD, Conn., Nov. 11, 2014 /PRNewswire/ -- Leap the Pond, a company focused on providing Intacct-based accounting solutions for small to medium-sized organizations, announced it has received a Small Business Express Job Creation Incentive Loan and Matching Grant from the State of Connecticut. Leap the Pond will use these funds to hire additional Intacct implementation consultants, add sales and marketing resources, and develop tools using Intacct's Platform and Web Services.
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Leap the Pond has become one of the leading implementers of Intacct, which has more than 8,500 customers worldwide. Since 2008, Leap the Pond has implemented Intacct on nearly 200 projects nationwide, and has worked locally with companies like Kayak, Indeed, Finalsite, SilverSky, and Society of Plastic Engineers.
"Leap the Pond is grateful for the support and recognition of the State of Connecticut and Department of Economic Development Commissioner Catherine Smith. As a small business, we are excited to have the additional working capital needed to expand our business," said David Furth, Leap the Pond's President and Co-Founder. "We explored a number of funding options and the Small Business Express (EXP) program represented the best alternative – a fair loan and a meaningful incentive to hire from within Connecticut."
Administered by DECD, EXP was designed to provide small business with access to capital, increase skill development and encourage private investment and hiring. The program supports the retention and growth of small business in Connecticut using a streamlined process that provides financial assistance in the form of revolving loan funds, job creation incentives, and matching grants.
"Leap the Pond is a trusted partner of Intacct and we are delighted that it has received funding from the State of Connecticut," said Taylor Macdonald, Vice President of Channels at Intacct. "I know this funding will help a valued partner expand its presence in a very important market both to Intacct and Leap the Pond."
About Leap the Pond
Leap the Pond delivers Intacct-based accounting solutions for small to medium-sized organizations. Combining 20+ years of experience in accounting, plus Intacct's deep functionality, enables Leap the Pond to solve the challenges associated with key financial tasks including revenue recognition, project accounting and billing, fund accounting, multi-entity consolidation, multi-system integration, and external and internal reporting Visit www.leapthepond.com. Connect with Leap the Pond on Twitter and LinkedIn.
About Intacct
Intacct is the cloud financial management company. Intacct's award-winning applications are the preferred financial applications for AICPA business solutions. Intacct accounting software, in use by more than 8,500 organizations from startups to public companies, is designed to improve company performance and make finance more productive. Intacct includes applications for accounting, contract management, revenue recognition, project accounting, fund accounting, inventory management, purchasing, vendor management, financial consolidation and financial reporting. Visit www.intacct.com Connect with Intacct on LinkedIn, Facebook, Twitter, Google+, and YouTube.
Contact:
David Furth
Leap the Pond
203 361 9200 x 14
Email
SOURCE Intacct
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