Accelcia Business Services, Inc. and Plug and Play Tech Center
Announce Strategic Partnership
Atherton, CA, and Sunnyvale, CA—May 18, 2012— Accelcia Business Services, Inc. and Plug and Play Tech Center today announced that they have forged a strategic partnership in order to better serve the start-up community in Silicon Valley. Under the partnership, Accelcia, a leading provider of back-office services such as bookkeeping, accounting, HR, and benefits to startups, will be integrated into the Plug and Play community as an onsite service provider. The alliance gives Accelcia the opportunity to expand its presence in the critical business incubator sector of the entrepreneurial ecosystem, while allowing Plug and Play’s startups to focus on their core business.
“We are excited about the opportunity to work with Accelcia,” says Canice Wu, President of Plug and Play Tech Center. “This collaboration will provide a significant boost to our community by expanding the services we make available to our 300-plus start-ups.”
“Accelcia is proud to partner with Plug and Play,” says Accelcia CEO and President Anurag Pal. “We already have some delighted customers within the Plug and Play community, and now we look to significantly expand our footprint with our one-stop shop back-office solutions for start-ups within the Accelerator Program.” Earlier this year, Pal announced the company’s goal of securing more partnerships with incubators in an effort to become the premier provider of back-office functions for entrepreneurs. This marks the company’s first formal partnership with a business accelerator.
According to the terms of the proposed partnership, Accelcia will be afforded a branded presence at Plug and Play as well as access to internal meetings and events, which will in turn enable Accelcia to reach a considerable network of technology startups across all three Plug and Play locations. In addition, Accelcia will have physical presence in the Service Pavilion.
About Accelcia Business Services, Inc.
Founded in 2005, Accelcia follows a “one-stop” service model and has rapidly established itself as a valuable partner in addressing the critical needs of start-ups. Accelcia currently serves upwards of 125 small and medium businesses, offering a full portfolio of services that cover Finance, Accounting, Human Resources, and Benefits. As Chairman Ruby Sahiwal explained, “Accelcia’s goal is to make it easy for startups to do what they’re great at.”
About Plug and Play Tech Center
Plug and Play Tech Center is a business accelerator that specializes in growing tech startups. Headquartered in Sunnyvale California, Plug and Play’s global network includes over 300 tech startups, over 180 investors and a community of leading Universities and Corporate partners. Plug and Play offers unique industry networking events, education-emersion programs, M&A and virtually everything tech startups need to get organized, connect and grow. Notable graduates of the Plug and Play Accelerator Program include PayPal, Danger, Inc., and Canesta.
For more information, please contact:
Plug and Play Tech Center
www.plugandplaytechcenter.com
Jennifer Jacobson
440 N. Wolfe Road
Sunnyvale, CA 94085
Tel: 408-524-1400
Accelcia Business Services, Inc.
260 Sheridan Avenue, Suite B10
Palo Alto, CA 94306
Tel: 650-868-0332
Customer inquiries: sales@accelcia.com
General inquiries: info@accelcia.com
Customer support: support@accelcia.com
Partnerships: partnerships@accelcia.com
Anurag Pal Named CEO and President of Accelcia Business Services, Inc
March 6, 2012 - Atherton, CA: Accelcia Business Services, Inc. announced today the appointment of Anurag Pal as CEO and President, effective immediately. Mr. Pal assumes CEO duties from Ruby Sahiwal, who remains Chairman of the company.
"As CEO and President, my goals are to liberate entrepreneurs from the drudgery of back-office work and to make Accelcia the preferred provider for all back-office needs for small to medium businesses," said Mr. Pal.
In his new role, Mr. Pal aims to double the number of the company’s customers each year, to widen its focus to include partnerships with incubators, banks, VCs, CPAs, law firms and other providers supporting start-up businesses. "We want to be the name everyone thinks of when seeking a solution to any back-office challenge. You will see us become an integral part of the start-ups ecosystem," he elaborated.
Mr. Pal boasts an extensive background in Operations, Finance, and Sales and Marketing. His previous employment experience includes positions at Hewlett-Packard, Datasweep, BizGenics, and Simpacta. During his time at Hewlett-Packard, Mr. Pal was instrumental in launching the company’s first B2B e-commerce venture, and was credited with managing all outsourced relationships as well as a $200 million P&L. He has also led worldwide presales, sales, and business development teams at Datasweep and BizGenics.
In addition to his corporate experience, Mr. Pal is a seasoned entrepreneur. The idea behind Accelcia originated from his first-hand knowledge and in-depth strategic and operational roles at many start-up businesses with varying back-office challenges. Speaking to Mr. Pal’s expertise as well as the value of Accelcia’s services, Peter "Scotch" Scocimara, former founding CEO at Therative, Inc., stated:
Anurag and the Accelcia Services provided superlative value for the accounting, bookkeeping and finance work for our company, Therative. We outsourced many of our functions, but we also had a very complex business. The Accelcia team, and Anurag with his invaluable process design expertise and strong leadership, did a great job at designing back-office processes at Therative and to ensure our investors had an accurate view of our financial position at all times. Accelcia delivered accurately, consistently, and punctually. I cannot recommend their services highly enough.
Founded in 2005, Accelcia follows a “one-stop” service model and has rapidly established itself as a valuable partner in addressing the critical needs of start-ups. Accelcia currently serves upwards of 125 small and medium businesses, offering a full portfolio of services that covers Finance, Accounting, Payroll, Human Resources, and Benefits.
For more information, please contact:
Customer inquiries: sales@accelcia.com
General inquiries: info@accelcia.com
Customer support: support@accelcia.com
Partnerships: partnerships@accelcia.com
World Headquarters
3301 El Camino Real, Suite 102
Atherton, CA 94027
650-989-6800
Accelcia Announces the Launch of its “Virtual Controller” Practice
Strong response from clients accelerates expansion
Atherton, September 7, 2011: Accelcia Business Services announced the launch of a “Virtual Controller” Practice with several controllers deployed at its clients. “We are an early stage company where substantially all of our resources are focused on product development and expanding our customer footprint," said Ed Baker, CEO of Friend.ly, one of Accelcia's launch customers. "Yet our business needs are complex, so we need top-notch talent and expertise across multiple finance disciplines. Accelcia has been an outstanding partner for over 3 years, providing flexible and strong support at great value.” Accelcia has been providing a “one-stop” for back-office services for 6 years and currently serves over 125 small and medium businesses with Finance, Accounting, HR and Benefits Services.
After focusing on transactional services for several years, Accelcia is launching the “Virtual Controller” services to provide clients with additional services like financial model development, financial planning & analysis (FPA), budget tracking, revenue recognition, FAS123 option expensing, tax and credit support. Clients will benefit from enhanced integration between Accelcia’s controllers and transaction support teams, and from the rigorous quality at reasonable costs – for which Accelcia is well known.
The practice will be run by Bina Baid, a CPA with 17 years of industry experience and specialization in Revenue Recognition, FAS123 and IFRS, among other areas. “Accelcia’s “One-Stop” services model and process focused delivery has consistently provided ongoing value and continuous improvement within our customer's finance and accounting functions. I look forward to leading and building this practice. We are staffing with high caliber and well rounded professionals, and the demand for this virtual service in the market has surpassed our expectations” said, Bina Baid.
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