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Firm Management

Cloudnine and Results Software Acquired by AbacusNext

With these two acquisitions, AbacusNext enters the professional accounting space and says it is positioned as the largest TaaS (Technology as a Service) solutions provider in the professional services industry.

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Cloudnine Realtime and Results Software have been acquired by legal solutions provider AbacusNext. Cloudnine offers hosting and business management services to CPA firms. Results Software provides Customer Relationship Management software for QuickBooks users.

With these two acquisitions, AbacusNext enters the professional accounting space and says it is positioned as the largest TaaS (Technology as a Service) solutions provider in the professional services industry.

Highlights of Acquisitions:

  • Abacus was established in 1983 and developed the first Practice Management Software (PMS) for lawyers, AbacusLaw, a case management, time, billing, and accounting solution with over 250,000 clients worldwide. In 2014, Abacus pioneered the only Compliance-Ready, Suite of Private Cloud Solutions designed exclusively to enable fully integrated desktop, email, mobile and cloud applications in a single, secure and fully managed technology environment. In May of 2016 Abacus acquired Toronto-based Gavel & Gown, makers of Amicus Attorney™ CMS with over 150,000 clients.
  • Cloudnine Realtime is a managed services cloud provider that specializes in hosting over 1,000 business applications primarily for the CPA vertical, including Intuit QuickBooks®, Sage, and Microsoft Solutions.
  • Results Software provides business management CRM software that integrates with Intuit QuickBooks®, Constant Contact®, Microsoft® Outlook, SharePoint®, Google Gmail™, TSheets, SmartVault®, and Citrix ShareFile®.
  • Together, these acquisitions provide Abacus a gateway into tax, accounting, finance, and construction markets, among others, as well as new partnership opportunities.
  • Headquartered in California, Abacus is backed by private investment with Providence Equity.

AbacusNext has over 34 years of experience enabling legal professionals to automate their practice, increase performance, comply with the strictest regulations and eliminate the capital expenditures of IT infrastructure. Leveraging the accounting industry knowledge and customer insight that Cloudnine and Results have will further enhance AbacusNext’s technology solutions that help grow organizations and maintain their business continuity.

“The Abacus portfolio of solutions serve the needs of businesses at every stage of the customer lifecycle,” said Alessandra Lezama, CEO of AbacusNext. “Busy lawyers and CPAs are not only looking to streamline their practices with technology, but are also dedicated to finding ways to grow their firms. Cloudnine and Results fit perfectly into our cross market strategy, and these acquisitions mark a milestone in the transformation of Abacus into a turnkey services provider that can deliver on customers’ complete range of technology demands.”

“I’m very proud of the Cloudnine team and the relationships we enjoy with our customers. We have a strong history of serving the accounting industry,” said Robert Chandler, founder and CEO of Cloudnine. “Abacus and Cloudnine are naturally symbiotic, as we’re both driven to building cloud solutions for the complete range of demands of the CPA and financial industry, from start-up to enterprise. Together, we will provide even more value for our customers and introduce new solutions to help their businesses grow.”

“While delivering Results to growing businesses, we hear first-hand their desire to move away from having their own servers and managing their own IT, to a cloud-based, reliable and secure platform,” said Sam Saab, president and founder of Results. “Abacus’ Private Cloud solutions are exactly what our clients have been asking for. By combining Results and Abacus, our clients can now focus on their core strength and expertise in running their business, while working from anywhere, and on any device.”

As the offerings are integrated, the combined client base will benefit from one of the most compelling products and services portfolio in the industry, with a broad offering to support customer growth that includes private cloud hosting, Desktop-as-a-Service (DaaS), software solutions, IT infrastructure management, security endpoint protection, and business automation. Similarly, the integrated support, development, and engineering teams will result in enhanced development velocity, allowing Abacus to continue improving performance, and bring new solutions, features, and functionality to market faster.