AbacusNext Strengths, Domain Expertise, and Key Differentiators
AbacusNext helps firms with stringent security and compliance needs grow by providing Compliance-Ready turnkey technology solutions, allowing its clients to leverage the power of cloud computing without the added challenges and expenses of managing complex IT infrastructures on their own. As an end-to-end solutions provider, its products and services portfolio includes virtual desktop (DaaS), private cloud, case management software (CMS), email hosting services, security endpoint protection, business continuity (BCP), and on-premise solutions.
In March 2018, AbacusNext lanched its fully-managed private cloud solutions and business technology services to the Canadian market. Utilizing data centers in Toronto and Montreal operated by Zayo, AbacusNext offers Abacus Private Cloud to Canadian professionals, in addition to the full suite of Microsoft products and services as an official Microsoft Cloud Solutions Provider.
AbacusNext Recent Developments
In May 2020, allows health care workers to prepare legal documents—such as a will, with Dykema Gossett PLLC, the Chicago Bar Association and the Alabama State Bar to provide free software and legal services to front-line medical staff during the COVID-19 pandemic. Virtual interviews in HotDocs Advance document automation software, enable this process by allowing legal firms to conduct interviews with clients online. This allows health care workers to prepare legal documents, such as a will, living will, estate plan and health care power of attorney quickly and remotely, without the need to meet with an attorney in person.
In April 2020, AbacusNext launched HotDocs Advance 1.18. This version allows client information to be entered directly into HotDocs through virtual interviews further expanding on company’s commitment to automating the flow of information.
In September 2019, AbacusNext launched a Premium Support Program for its OfficeTools, Amicus Attorney, AbacusLaw, HotDocs, and Abacus Private Cloud product offerings. The new Premium Support offering is designed for customers seeking to reduce business risk, increase productivity, and optimize their investment in AbacusNext technology through a more direct and customized partnership with the AbacusNext support organization.
AbacusNext Mergers and Acquisitions (M&A) Activities
In March 2021, Practice management software company AbacusNext announced that private equity firm Thomas H. Lee Partners has acquired a majority stake in the company for an undisclosed amount. Previously with private equity firm PSG, the sale to THL places AbacusNext in a diverse portfolio that includes companies from Auction.com to Guaranteed Rate.
In May 2016, Abacus Data Systems acquired Amicus Attorney, which will become an integrated part of the Abacus family. Abacus and Amicus serve hundreds of thousands of attorneys in the US and around the world. By combining their collective technology and expertise, they deliver the wide range of Best in Class practice management, time, billing and accounting applications powered by compliance-ready, Desktop-as-a-Service (DaaS) workspaces designed to eliminate capital expenditure and the burdens associated with IT management.
AbacusNext Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying AbacusNext 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 AbacusNext 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 AbacusLaw, Abacus Amicus Attorney, Abacus OfficeTools, Abacus HotDocs customers.
AbacusNext Overview
Ownership: - Thomas H. Lee Partners
Number of Employees: 520
Functional Markets: Content Management, ERP Financial, ERP Services and Operations Management, IaaS,
Key Verticals: Banking and Financial Services, Life Insurance, P&C Insurance, Professional Services,
AbacusNext Key Enterprise and Cloud Applications
AbacusLaw, Abacus Amicus Attorney, Abacus OfficeTools, Abacus HotDocs
AbacusNext Revenues, $M:
| Type/Year | 2020 | 2021 | 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.
AbacusNext Revenue Breakdown By Type, $M:
| Type | License | Prof. Services | Hardware | Support & Maintenance | SaaS | PaaS | IaaS | Other (Non Enterprise Application Revenues) | Total |
|---|---|---|---|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | 100% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
AbacusNext Enterprise Applications Revenues By Functional Markets, $M:
AbacusNext Enterprise Applications Revenues By Verticals, $M:
AbacusNext Revenues By Region, $M
| Region | % of Total Revenues | 2021 Total Revenues, $M | 2021 Enterprise Applications Revenues, $M | 2021 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
AbacusNext Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
AbacusNext Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified AbacusNext Customers
No. of AbacusNext Customers: 12000
No. of AbacusNext Enterprise Applications Customers: 12000
No. of AbacusNext Cloud Customers: x
No. of AbacusNext Cloud Subscribers: 1 milion
AbacusNext delivers products and services to over 12,000 clients worldwide. Among AbacusNext customers is the Law Office of Carlos A. Medina, PLLC, Harris Law, Collins Law Office, P.A, Truly Noble Services, Law, Inc., Bedard Law Group, P.C., H. Edwin Detlie, MDP Law and many others.
AbacusNext Market Opportunities, M&A and Geo Expansions
In February 2021, AbacusNext presented Amicus Cloud, a cloud-based practice management solution that allows firms to access information about their practice 24/7 using any device from any location. The enhanced release of Amicus Cloud includes: The ability for firms to maximize cash flow by leveraging Abacus Payment Exchange (APX) to schedule client payments, Automatic organization of any document in its appropriate folder, making case information retrieval easier and Enhanced visibility into task and appointment information with instant previews, improving productivity.
In the past 2 years, AbacusNect went on a shopping spree. The latest acquisition was Commercial Logic, practice management and workflow tools provider. Before that, In November 2017, the company bought HotDocs, a document automation provider; in May 2017, it bought practice management software maker Office Tools; and earlier in 2017, it acquired Cloudnine Realtime, another cloud hosting provider for accounting firms.
In March 2018 AbacusNext released a mobile app for OfficeTools, its industry-leading practice management software. Available for both iOS and Android, the OfficeTools mobile app leverages AbacusNext's cloud expertise to provide anywhere, anytime access to essential firm data. The app functions as a companion to the desktop version of OfficeTools. With the app, users can log time as they make calls in transit, launch all business-critical communications with the Contacts feature, and view upcoming activities and appointments.
AbacusNext Risks and Challenges
The market for legal practice management applications market has changed considerably since Gavel&Gown came on the scene in 1993. Low-priced alternatives from new and existing Cloud competitors are likely to undercut the appeal of Amicus Cloud especially with Gavel&Gown's reliance on its consultants, whose profitability could be on the line when it comes to Cloud sales. The good news is that Gavel&Gown has succeeded in migrating 100,000 current user licenses from its traditional desktop version to Amicus Cloud. Migrating the other 150,000 will take more time because some may still be running older versions that are based on legacy databases such as Visual Foxpro.
AbacusNext Ecosystem, Partners, Resellers and SI
In July 2021, AbacusNext and Zola Suite SaaS legal practice management software providers sign a partnership combining to create a strong portfolio of legal software solutions on the market. As part of this portfolio, customers will now have access to products including Zola Suite, AbacusLaw, Amicus Attorney, Office Tools, HotDocs and Abacus Payment Exchange (APX).
Amicus software solutions are sold and supported by a network of more than 250 Certified Consultants located around the world. The Amicus's Partnership Networdk consist of Technology Partners, Resellers, Integration, and Publisher Partners. Some of them are: Intuit QuickBooks, FileCenter, box, Dropbox, Sophos, and many more.
AbacusNext Cloud Infrastructure Insights
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- AbacusNext Public Cloud and Infrastructure (IaaS)
- AbacusNext Platform (PaaS)
- AbacusNext Application Delivery
- AbacusNext 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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