Abacus Data Systems Explained

AbacusNext
Type:Private
Founder:Judd Kessler
Location City:San Diego, CA
Location Country:United States
Key People:Scott Johnson, CEO
Mike Skelly, CFO
Industry:Software
Products:Private cloud, practice management software, and CRM technology
Services:Adoption, implementation, and management of technology solutions
Revenue: (2017)[1]

Abacus Data Systems, doing business as Caret or CARET (formerly AbacusNext), is an American software and private cloud services provider headquartered in San Diego, California.

The company, doing business as AbacusNext, announced its rebranding in February, now doing business as CARET.[2]

Services and software

Cloud

Abacus Private Cloud is a private cloud sold as Desktop-as-a-Service within a Windows Server 2012 R2 environment. This service relies on Veeam Software for backup support, and is built on Intel-based architecture.[3]

This private cloud service is colocated across three carrier-neutral data centers that are interconnected via a self-run optical network. These data centers are Scalematrix in San Diego, California, Skybox Houston One in Houston, Texas, and SUPERNAP by Switch in Las Vegas, Nevada.[4]

Software

AbacusNext offers four Windows-based platforms, all of which rely on relational database management systems. Two are law practice management software for lawyers; AbacusLaw uses Advantage Database, while Amicus Attorney uses Microsoft SQL Server.[5] AbacusNext has two platforms for accounting firms that rely on Microsoft SQL Server: ResultsCRM, a customer relationship management for QuickBooks, and OfficeTools practice management software.[6]

Management

In December 2015, American private equity investment firm Providence Equity Partners took a strategic majority investment in AbacusNext (Abacus Data Systems at that time).[9]

Acquisitions

In May 2016, AbacusNext acquired Toronto-based software company Gavel & Gown, makers of Amicus Attorney.[10]

Results Software, a Virginia-based software company and maker of ResultsCRM, was acquired in February 2017.[11] In the same month, the company also acquired San Diego–based cloud hosting provider Cloudnine Realtime. In May of that same year, it also acquired Palmdale-based software company OfficeTools.[12]

In November 2017, the company acquired Scotland-based software company HotDocs.[13] [14] HotDocs was previously owned by LexisNexis before being sold in 2009.[15] A month later, New Hampshire–based software company Commercial Logic was acquired.[16]

External links

Notes and References

  1. Web site: AbacusNext San Diego CA. Inc. August 25, 2017.
  2. Web site: AbacusNext Rebrands as CARET, Combining Its Accounting and Legal Offerings Under One Roof . 2023-11-15 . Legaltech News . en.
  3. Web site: Intel Cloud Service Provider Network . Intel Cloud Finder . 8 December 2015 . 23 September 2016 . https://web.archive.org/web/20160923180008/https://www.intelcloudfinder.com/cloud-provider-search . 23 September 2016 . dead .
  4. Web site: Abacus Data Systems Chooses Switch SUPERNAP To Host Cloud Customers . Abacus Law . 7 July 2016.
  5. Web site: Case Management Software Comparison Chart . American Bar Association . 8 December 2015.
  6. Web site: 2023-03-08 . Caret Legal Review: Cost, Features, Pros & Cons (2023) . 2023-10-05 . Lawyerist . en.
  7. Web site: Our Leadership . 2019-06-07 . www.theprogressiveaccountant.com . en-gb.
  8. Skelly Named Chief Financial Officer of AbacusNext. AbacusNext. 2017-12-05. GlobeNewswire News Room. 2019-06-07.
  9. Web site: Abacus Data Systems Announces Strategic Investment by Providence Equity to Fuel Growth and Innovation. Providence Equity Partners. December 15, 2015.
  10. Web site: Gavel & Gown sells Amicus Attorney to Subsidiary of Abacus Data Systems Deals & Cases Fasken Martinea . Fasken Martineau . 25 May 2016 . 17 September 2017 . https://web.archive.org/web/20170918022211/http://www.fasken.com/gavel--gown-sells-amicus-attorney-to-subsidiary-of-abacus-data-systems/ . 18 September 2017 . dead .
  11. Web site: Abacus Next acquires Cloudnine Realtime, Results Software . Accounting Today . 22 February 2017.
  12. Web site: AbacusNext Acquires OfficeTools, Eyeing Expansion Into Spend Management . Inside Counsel . 1 June 2017 . 17 September 2017 . https://web.archive.org/web/20170918021604/http://www.insidecounsel.com/2017/06/01/abacusnext-acquires-officetools-eyeing-expansion-i . 18 September 2017 . dead .
  13. Web site: 2017-11-15 . AbacusNext acquires HotDocs . 2024-08-13 . Accounting Today . en.
  14. Web site: Forbes Term Sheet . Forbes . 13 November 2017.
  15. Web site: LexisNexis Sells HotDocs Software Business to UK Company . Compujurist . 9 November 2009.
  16. Web site: California tech firm acquires NH's Commercial Logic . Union Leader . 1 January 2018.

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