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AbacusNext®, the largest Technology-as-a-Service (TaaS) provider for the legal and accounting professions, today announced that for the third consecutive year, it has placed on the Inc. 5000 list of the nation’s fastest-growing private companies. AbacusNext earned the #795 spot overall and received the honors of #20 on the ranking of Top San Diego companies.
“Earning a spot on the Inc. 5000 for the third year in a row is truly a testament to the commitment, tenacity and passion AbacusNext has toward fulfilling our mission of improving the lives of professionals and enabling them with technology,” said Alessandra Lezama, AbacusNext CEO. “Our growth is a result of innovating across new verticals and bringing technology solutions – all ‘as-a-service’ – to market, allowing businesses of any size to scale and compete in today’s sophisticated digital world.”
Most recently, AbacusNext accelerated their market strategy by entering the accounting space with the acquisitions of industry-leading solution providers Cloudnine Realtime, Results Software, and OfficeTools. These acquisitions marked a milestone in the transformation of Abacus into a turnkey services provider for any industry that delivers on clients’ complete range of technology needs.
“We remain dedicated to being a technology partner who stays on the leading edge of innovation and best practices so our clients can focus on their business and achieving ultimate success,” concluded Lezama. “All of us at AbacusNext are humbled to once again rank amongst the elite group of companies on the Inc. 5000. It is an honor our entire team cherishes.”
The 2017 Inc. 5000, unveiled online at Inc.com and with the top 500 companies featured in the September issue of Inc., is the most competitive crop in the list’s history. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent small and midsized businesses. The average company on the list achieved a mind-boggling three-year average growth of 481% and the companies on the list collectively generated 619,500 jobs over the past three years.
“The Inc. 5000 is the most persuasive evidence I know that the American Dream is still alive,” says Inc. President and Editor-In-Chief Eric Schurenberg. “The founders and CEOs of the Inc. 5000 tell us they think determination, risk taking, and vision were the keys to their success, and I believe them.”
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About AbacusNext
As the largest Technology-as-a-Service (TaaS) provider for the professional services sector, AbacusNext helps legal and accounting professionals achieve ultimate success and peace of mind through the delivery of a complete suite of compliance-ready technology solutions designed to support a secure and cloud-enabled practice at a cost they can afford. Our portfolio of turnkey solutions include hardware, software and infrastructure on a pay as you go model; Practice Management, Client Resource Management (CRM), Payment Processing, Email, Desktop as a Service (DaaS) and Managed IT.
Headquartered in San Diego, California, and backed by private investment with Providence Equity, AbacusNext delivers products and services to over 500,000 businesses worldwide. To sign up or learn more visit AbacusNext.com.
About Providence Equity
Providence is a premier global asset management firm with $45 billion in assets under management across complementary private equity and credit businesses. Providence pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since the firm’s inception in 1989, Providence has invested in more than 150 companies and is the leading equity investment firm focused on the media, communications, education and information industries. Providence is headquartered in Providence, Rhode Island, and has offices in New York, London, Hong Kong, Singapore and New Delhi. For more information, please visit www.provequity.com.
Methodology
The 2017 Inc. 5000 is ranked according to percentage revenue growth when comparing 2013 to 2016. To qualify, companies must have been founded and generating revenue by March 31, 2013. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2016. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2013 is $100,000; the minimum for 2016 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at https://www.inc.com/inc5000
About Inc. Media:
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Winner of the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 18,000,000 today. For more information, visit https://www.inc.com.
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation’s most successful private companies has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates their remarkable achievements. The event also offers informative workshops, celebrated keynote speakers, and evening functions.
For more information on Inc. and the Inc. 5000 Conference, visit https://conference.inc.com.
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