technology software founded 1984 headquarters delft netherlands key people erik van der meijden ceo products exact online exact globe exact synergy revenue 213.2 million 2013 1 number of employees 1700 2013 1 website exact exact is a dutch software company that offers accounting erp and other software for small and medium enterprises . exact develops cloud based and on premises software for industries such as accountancy wholesale distribution professional services and manufacturing serving more than 100 000 companies . exact founded in 1984 has its headquarters in delft . it has subsidiaries and offices in europe north america and asia . the company was listed on euronext until march 2015 when it was bought up by a group of investors led by apax . 2 contents 1 history 2 products 3 see also 4 references 5 external links history edit exact head office in delft exact was founded in 1984 by eduard hagens rinus dekker arco van nieuwland paul van keep paul fijling and leo schonk . the six had worked as freelancers for grote beer ursa major one of the first dutch companies to produce standardized accounting software . when grote beer fired all of its freelancers hagens et al. started their own business . 3 their exact software would later in 1994 acquire grote beer which at that time had an annual revenue of 100 million 4 expanding exact s customer portfolio to some 60 000 companies . 5 the former company s name was used as a trade mark until 2000 . 3 internationally exact grew by acquiring belgian firms cobul and cubic 17 000 customers in 1989 . 5 the opening of offices in the united kingdom and russia meant that as of 1995 20 % of exact s revenue came from abroad . 6 expansion into the german market soon followed with the acquisition of pcas bavaria soft szymaniak 1997 and finally soft research 1999 german market leader in salary software . 5 in the 2000s exact acquired us manufacturing erp software providers macola jobboss and max . 7 in 2007 exact purchased longview holdings for us 51.5 million . 8 the mid 2000s saw exact embroiled in internal power struggles . in 2004 founder eduard hagens returned from ten months of sailing round the world to find his company reorganized in a decentralized way that didn t suit his vision of how exact should be led . hagens clashed with ceo lucas brentjens and cfo bert groenewegen leading to the resignation in september and october of that year of brentjens groenewegen and subsequently the company s entire board of directors . 9 hagens s coup as de volkskrant put it caused a staff drain within the company . the following april after the resignation of the company s new cfo hagens announced his own departure . 10 he was succeeded by rajesh patel . 11 in october 2014 exact announced a buy out by apax partners . 1 that acquisition was completed in april 2015 for a sum of 730 million . 12 the acquisition meant that exact was de listed from the euronext stock exchange on which it had been listed since 1999 . 13 products edit exact s rise to market leadership was mostly based on its ms dos based accounting package also called exact . the company also launched a windows version of this package but this was heavily criticized because it never attained the full functionality of the dos version leading many companies to stay with the dos software into the late 1990s . 5 the exact package was replaced circa 2000 with a new product globe 2000 . this windows nt based product was designed around a modular architecture dubbed one x that underpinned all of exact s offerings . 5 criticism of this software focused on the fact that the one x architecture was incompatible with the older exact software and that it was tied to microsoft sql server which was considered too heavy of a database management system for the small computers typically used at exact s small and medium enterprise customers . 5 in 2005 exact online was launched the company s effort to bring exact software to the cloud . 14 third party source needed with this product exact initially targeted only the benelux countries until in may 2010 it announced a joint venture with turkish software developer triodor to market its product in turkey as an experiment . 15 the trial ended later that year with exact citing a lack of results and announcing a sole focus on its dutch and belgian markets . 16 see also edit baan corporation references edit a b c apax linked funds to acquire dutch software maker for 925 million . dealbook . new york times . 9 october 2014 . aandeel exact eind maart van de beurs exact stock of the exchange by end of march . de telegraaf . 2 march 2015 . a b pim van der beek 21 january 2010 . exact zet merknaam grote beer aan de kant exact ditch grote beer trade mark . computable . retrieved 23 october 2013 . exact software slokt concurrent grote beer op exact software swallows competitor grote beer . trouw . 24 september 1994 . a b c d e f kim loohuis 17 september 2004 . exact groeit in twintig jaar tijd uit tot internationale speler . computable . george marlet 31 may 1995 . software bedrijf exact wil groeien door expansie in buitenland software company exact wants to grow by expanding abroad . trouw . exact software will acquire us based macola technologies inc. press release . exact holding . february 7 2001 . dutch firm to acquire longview . the star . toronto . september 18 2007 . retrieved february 24 2012 . machtstrijd breekt exact op control freak zet onderneming weer naar zijn hand . computable . 17 september 2004 . oprichter hagens gaat softwarehuis exact verlaten . de volkskrant . 8 april 2005 . exact koestert boekhoudende bakker . de volkskrant . 28 july 2006 . pe hub apax partners closes buy of exact for 730 mln euros . www.pehub.com . retrieved 2015 11 09 . exact neemt afscheid van de beurs . computable . 31 march 2015 . accountant werkt samen met ondernemer in exact online press release . exact holding . november 2 2015 . exact online gaat turkse markt op via triodor . computable . 12 may 2010 . exact be indigt exact online pilot in turkije . exact . archived from the original on 6 june 2011 . external links edit wikimedia commons has media related to exact . exact holding b.v. retrieved from https en.wikipedia.org w index.php title exact company & oldid 723353993 categories software companies of the netherlandshidden categories all articles lacking reliable referencesarticles lacking reliable references from july 2015commons category with local link same as on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages deutschespa olnederlandspolski edit links this page was last modified on 2 june 2016 at 15 12 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view