Intacct, a provider of cloud ERP software, secured an additional $40 million of financing. The new debt facility with Silicon Valley Bank will provide flexibility and drive continued growth.

“Our consistent growth and strong financial results are proof of the outstanding momentum we have in the market,” said Robert Reid, Intacct’s CEO. “When you are looking at long-term growth, you always have to watch the market, and sometimes you take in money before you actually need it to ensure you have the flexibility to take advantage of new opportunities when they arise. This new funding provides us with the latitude to make the best possible business decisions for our company and our customers.”

The new financing expands on the backing of San Jose, CA-based Intacct’s existing investors, including Battery Ventures, Bessemer Venture Partners, Costanoa Venture Capital, Emergence Capital, Morgan Creek Capital Management, Sigma Partners and Split Rock Partners.