Abacus Data Systems

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.

AbacusNext
Company typePrivate
IndustrySoftware
Founded1983 (1983)
FounderJudd Kessler
Headquarters
San Diego, CA
,
United States
Key people
Scott Johnson, CEO
Mike Skelly, CFO
ProductsPrivate cloud, practice management software, and CRM technology
ServicesAdoption, implementation, and management of technology solutions
RevenueUS$77.5 million (2017)[1]

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
  • Keri Gohman, CEO[7] (previously a partner at Bain Capital Ventures)
  • Mike Skelly, CFO (former CFO of Trio Health, UpWind Solutions, and Active Network)[8]

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
  • May 2016: acquired Toronto – based software company Gavel & Gown, makers of Amicus Attorney.[10]
  • February 2017: acquired Virginia – based software company Results Software, makers of ResultsCRM.[11]
  • February 2017: acquired San Diego – based cloud hosting provider Cloudnine Realtime.[12]
  • May 2017: acquired Palmdale – based software company OfficeTools.[13]
  • November 2017: acquired Scotland – based software company HotDocs.[14] HotDocs was previously owned by LexisNexis before being sold in 2009.[15]
  • December 2017: acquired New Hampshire – based software company Commercial Logic.[16]

References
  1. "AbacusNext San Diego CA". Inc. Retrieved August 25, 2017.
  2. "AbacusNext Rebrands as CARET, Combining Its Accounting and Legal Offerings Under One Roof". Legaltech News. Retrieved 2023-11-15.
  3. "Intel Cloud Service Provider Network". Intel Cloud Finder. 8 December 2015. Archived from the original on 23 September 2016. Retrieved 23 September 2016.
  4. "Abacus Data Systems Chooses Switch SUPERNAP To Host Cloud Customers". Abacus Law. 7 July 2016.
  5. "Case Management Software Comparison Chart" (PDF). American Bar Association. 8 December 2015.
  6. "Caret Legal Review: Cost, Features, Pros & Cons (2023)". Lawyerist. 2023-03-08. Retrieved 2023-10-05.
  7. "Our Leadership". www.theprogressiveaccountant.com. Retrieved 2019-06-07.
  8. AbacusNext (2017-12-05). "Skelly Named Chief Financial Officer of AbacusNext". GlobeNewswire News Room (Press release). Retrieved 2019-06-07.
  9. "Abacus Data Systems Announces Strategic Investment by Providence Equity to Fuel Growth and Innovation" (PDF). Providence Equity Partners. December 15, 2015.
  10. "Gavel & Gown sells Amicus Attorney to Subsidiary of Abacus Data Systems Deals & Cases Fasken Martinea". Fasken Martineau. 25 May 2016. Archived from the original on 18 September 2017. Retrieved 17 September 2017.
  11. "Abacus Next acquires Cloudnine Realtime, Results Software". Accounting Today. 22 February 2017.
  12. "Term Sheet Wednesday February 22 Fortune". Fortune. 22 February 2017.
  13. "AbacusNext Acquires OfficeTools, Eyeing Expansion Into Spend Management". Inside Counsel. 1 June 2017. Archived from the original on 18 September 2017. Retrieved 17 September 2017.
  14. "Forbes Term Sheet". Forbes. 13 November 2017.
  15. "LexisNexis Sells HotDocs Software Business to UK Company". Compujurist. 9 November 2009.
  16. "California tech firm acquires NH's Commercial Logic". Union Leader. 1 January 2018.
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