Abacum Strengths, Domain Expertise, and Key Differentiators
Abacum's pre-built connectors for major finance systems set it apart, offering a seamless integration and data consolidation solution without replacing existing software systems. Focused on fast-scaling tech companies, Abacum's domain expertise in FP&A for the tech industry positions it as a specialized and reliable partner. Abacum's collaborative FP&A solution, complemented by automation for data transformation and performance analysis, addresses the specific needs of finance teams in tech companies.
Abacum Recent Developments
Abacum's journey has been marked by significant milestones, including its successful $25 million Series A funding round in November 2021, led by European VC Atomico. The company's total raised funds now amount to $32 million, reflecting investor confidence in its unique approach to FP&A. Abacum's continuous expansion is evident in its customer base, which now spans over 50 companies across five continents.
Abacum Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Abacum applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Abacum and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Abacum customers.
Abacum Overview
135 Madison Ave
New York, NY, 10016, United States
1 646-713-0854
https://www.abacum.io/
Ownership: - x
Number of Employees: 120
Functional Markets: EPM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, State and Local Government, Public Safety, Healthcare, Life Insurance, Leisure and Recreation, Life Sciences, Manufacturing, Media, Youth and Elderly Care, Professional Services, Retail, Transportation, Utilities,
Abacum Key Enterprise and Cloud Applications
Abacum
Abacum Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Abacum Revenue Breakdown By Type, $M:
Abacum Enterprise Applications Revenues By Functional Markets, $M:
Abacum Enterprise Applications Revenues By Verticals, $M:
Abacum Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Abacum Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Abacum Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Abacum Customers
No. of Abacum Customers: 50
No. of Abacum Enterprise Applications Customers: x
No. of Abacum Cloud Customers: x
No. of Abacum Cloud Subscribers: x
With a diverse customer base of over 50 companies spread across five continents, including Typeform and other fast-scaling tech firms, Abacum has garnered recognition for its ability to streamline FP&A processes.
Abacum Market Opportunities, M&A and Geo Expansions
In November 2021, Abacum, fast-followed the $7 million seed it raised in April with a $25 million Series A round. The latest funding brings its total raised to date to $32 million. Series A is led by European VC Atomico, with participation from Creandum, FJ Labs, S16VC and other existing investors. It added that a number of “notable” founders and executives also joined this round as angels, including Adyen CFO Ingo Uytdehaage; Infarm CFO Carmine Visconti; JobandTalent co-founders Felipe Navío and Juan Urdiales; and BlockFi founder Zac Prince.
Abacum Risks and Challenges
As Abacum continues to grow, maintaining a strong team and culture, essential to delivering seamless FP&A solutions, will be crucial. The competitive landscape in the FP&A market demands continuous innovation to stay ahead of emerging competitors and industry trends. International expansion may require overcoming cultural and regulatory barriers, necessitating well-crafted market entry strategies.
Abacum Ecosystem, Partners, Resellers and SI
Abacum's strategic partnerships with notable investors and experienced industry professionals, including Adyen CFO Ingo Uytdehaage and JobandTalent co-founders Felipe Navío and Juan Urdiales, have strengthened its ecosystem. Leveraging these partnerships can drive uptake and open new opportunities for Abacum's growth.
Abacum Cloud Infrastructure Insights
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- Abacum Public Cloud and Infrastructure (IaaS)
- Abacum Platform (PaaS)
- Abacum Application Delivery
- Abacum Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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