Participation in Workforce’s TechHire initiative and spacious new facility form foundation of expansion plans.
SAN DIEGO, CA—June 26, 2018 — AbacusNext®, the largest Technology-as-a-Service (TaaS) provider for the professional services sector, capped off a year of unprecedented growth by announcing their participation in the San Diego Workforce Partnership’s TechHire initiative as part of their effort to further boost recruitment and fuel future expansion plans. The announcement came during the Grand Opening event celebrating their new 65,000 square-foot corporate headquarters.
“San Diego’s highly-skilled workforce, global reach and world-renowned quality of life make it an ideal launchpad for innovative start-ups and tech companies like AbacusNext,” said Mayor Kevin L. Faulconer. “Congratulations to AbacusNext for choosing to expand here in America’s Finest City. We look forward to the new headquarters spurring more local jobs and contributing to your continued success.”
In the last year AbacusNext has expanded globally, more than doubling its staff and diversifying its product offerings to become the most complete technology provider to the professional services industry. That growth shows no signs of stopping, spurring AbacusNext to the join the San Diego Workforce Partnership’s TechHire initiative in order to hit their aggressive hiring target of over one hundred new positions in the next year.
“AbacusNext’s commitment to building homegrown talent makes them an invaluable partner in creating an opportunity pipeline for our region’s young people. We are excited to partner with them on providing work experiences for talented individuals from non-traditional backgrounds through TechHire,” said San Diego Workforce Partnership CEO Peter Callstrom. “Creating opportunity for all is possible when the public and private sectors collaborate as AbacusNext has been willing to do with our organization. We look forward to seeing what we can do together.”
Former Mayor of San Diego and current President of the Regional Chamber of Commerce, Jerry Sanders, was on hand to inaugurate AbacusNext’s beautiful new three-story, 65,000 square-foot building in La Jolla UTC. Sanders’ presence has become something of a tradition for AbacusNext, the former Mayor having presided over the grand openings of each of their previous office spaces over the last five years.
“Extraordinary companies are nothing more than the extraordinary people that come to work every day and turn their dreams into reality,” said Alessandra Lezama, CEO of AbacusNext. “The opening of our new corporate headquarters marks a major milestone in the history of our company and the fulfilment of a dream we’ve been working toward since I started here almost five years ago.”
“In that time, we’ve grown from less than 30 employees to over 500, spread across six offices in three countries,” continued Lezama. “As successful as we’ve been in recent years, we’re setting our sights even higher, and we’re proud to be partnering with San Diego Workforce and the TechHire initiative to further expand our San Diego operations and propel the next stage of our incredible growth.”
About San Diego Workforce Partnership
SDWP is the leader for innovative workforce solutions in San Diego County. It funds and delivers job training programs that enable all job seekers to develop the skills and knowledge needed for in-demand careers. SDWP also provides ongoing labor market research on the region’s workforce trends and key industries. Its vision is to ensure that every business in our region has access to a skilled workforce and every job seeker has access to meaningful employment. For more information, visit workforce.org.
As the largest Technology-as-a-Service (TaaS) provider for the professional services sector, AbacusNext helps legal and accounting professionals achieve ultimate success and peace of mind through the delivery of a complete suite of compliance-ready technology solutions designed to support a secure and cloud-enabled practice at a cost they can afford. Headquartered in San Diego, California, and backed by private investment with Providence Equity, AbacusNext delivers products and services to over 500,000 businesses worldwide.
About Providence Equity Partners
Providence is a premier global private equity firm with more than $54 billion in capital under management. 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 160 companies and is a leading equity investment firm focused on the media, communications, education and information industries. Providence is headquartered in Providence, RI, and also has offices in New York and London. For more information, please visit www.provequity.com.