Matt Stone, managing director at PSG, said: We are excited to see AbacusNext continue to develop best-in-class technology and pursue strategic acquisitions that will further enhance their product offering.” Scott and the management team at AbacusNext are leaders in capitalizing on this growth opportunity. “The shift to cloud-based software is well underway and has accelerated in the current ‘work from home’ environment. Mark Bean, director at THL and Ganesh Rao, managing director and head of financial services at THL, also commented: ![]() Thank you to PSG for their support as we grew to become a leader in the legal and accounting markets.” This partnership with THL will enable us to accelerate our investment in innovative SaaS products with integrated payment processing, allowing us to continue to offer a market-leading software suite. Similarly, the integrated support, development, and engineering teams will result in enhanced development velocity, allowing AbacusNext to continue improving performance, and bring new solutions, features, and functionality to market faster.“We are excited to partner with THL, who offers deep expertise in practice management software and payment processing and shares our commitment to driving AbacusNext’s next chapter of growth. We are very excited to join forces.Russell Shepherd steps down as CEO and exits the company, holding no further role as the company moves forward.Īs the offerings are integrated, the combined client base will benefit from 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 and document automation. HotDocs talent and industry expertise attracted AbacusNext and made this acquisition a natural fit. The sale of HotDocs was in line with HotDocs growth strategy. Yes, however the main headquarters of AbacusNext will remain in San Diego, California.
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