SOURCE: Abacus Data Systems, Inc.

Abacus Data Systems, Inc.

August 18, 2016 10:00 ET

Abacus Data Systems Climbs The Inc. 5000 List For Second Consecutive Year

For the 2nd Time, Abacus Data Systems Appears on the Inc. 5000 list, Ranking No. 880 Overall and No. 81 in IT Services With Special Recognition as the #18 Top San Diego company

SAN DIEGO, CA--(Marketwired - August 18, 2016) - Abacus Data Systems, Inc. (Abacus), a global provider of compliance ready virtual Desktop-as-a-Service (DaaS) offerings, which serve legal, financial, and healthcare organizations, announced today it has been named to Inc. Magazine's prestigious Inc. 5000 list of the nation's fastest-growing private companies for a second consecutive year. Abacus earned the #880 spot overall and ranked #81 in IT Services on Inc.'s 35th annual list, and received the honors of #18 on the ranking of Top San Diego companies.

"To be a part of the Inc. 5000 list is an honor, but to be recognized two years in a row is truly a landmark accomplishment for us," exclaimed Alessandra Lezama, CEO of Abacus Data Systems. "Abacus is innovating across new verticals and bringing private cloud solutions to market that solve pressing issues revolving around ethics, compliance, and regulatory changes in today's highly digitalized world."

Under Lezama's leadership, Abacus pioneered the legal industry's first private cloud service offering two years ago with 'Abacus Private Cloud', and has since furthered its mission to provide secure, virtual Desktop-as-a-Service (DaaS) offerings to other compliance-sensitive industries. This year alone, Abacus has moved into new headquarters to accommodate rapid team expansion, welcomed growth into their integrated family with the addition of Amicus Attorney, and announced a third U.S. data center to house their Cloud customers.

"As industries continue to globalize, it is imperative that organizations have a technology partner that is on the leading edge of innovation and best practices," said Lezama. "Our growth is a clear indication of the importance of reliable cloud and IT services and support. We prioritize our efforts to ensure our customers can focus on their business, while we maintain enterprise-class technology systems to support their business goals. It is quite an honor to be among leading U.S. enterprises on such a prestigious list."

The 2016 Inc. 5000, unveiled online at Inc.com and with the top 500 companies featured in the September issue of Inc. is the most competitive crop in the list's history. The average company on the list achieved a mind-boggling three-year growth of 433%. The Inc. 5000's aggregate revenue is $200 billion, and the companies on the list collectively generated 640,000 jobs over the past three years, or about 8% of all jobs created in the entire economy during that period.

"The Inc. 5000 list stands out where it really counts," says Inc. President and Editor-In-Chief Eric Schurenberg. "It honors real achievement by a founder or a team of them. No one makes the Inc. 5000 without building something great -- usually from scratch. That's one of the hardest things to do in business, as every company founder knows. But without it, free enterprise fails."

About Abacus Data Systems

Abacus Data Systems is a leading provider of business technology products and solutions, serving small enterprise companies worldwide. Abacus gives companies sustainable and predictable performance gains while decreasing operational costs related to managing complex IT infrastructure and data center operations on their own.

Headquartered in San Diego, California, and backed by private investment with Providence Equity, Abacus operates three fully redundant data center footprints in the United States specifically engineered to host and safeguard sensitive data, giving its clients robust security and compliance policies with zero capital investment and complete data ownership in a flexible and dynamic environment. The integrated Abacus family includes Abacus Private Cloud™, AbacusLaw™ and Amicus Attorney™, providing technology solutions to over 500,000 clients worldwide.

About Providence Equity

Providence is a premier global asset management firm with $45 billion in assets under management across complementary private equity and credit businesses. Providence pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since the firm's inception in 1989, Providence has invested in more than 150 companies and is the leading equity investment firm focused on the media, communications, education and information industries. Providence is headquartered in Providence, Rhode Island, and also has offices in New York, London, Hong Kong, Singapore and New Delhi.

More about Inc. and the Inc. 500|5000

Methodology

The 2016 Inc. 5000 is ranked according to percentage revenue growth when comparing 2012 to 2015. To qualify, companies must have been founded and generating revenue by March 31, 2012. They had to be U.S.-based, privately held, for profit, and independent -- not subsidiaries or divisions of other companies -- as of December 31, 2015. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2012 is $100,000; the minimum for 2015 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.

About Inc. Media:

Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Winner of the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 15,000,000 today. For more information, visit www.inc.com.

The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation's most successful private companies has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates their remarkable achievements. The event also offers informative workshops, celebrated keynote speakers, and evening functions.

For more information on Inc. and the Inc. 5000 Conference, visit http://conference.inc.com/.

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