SAN DIEGO, CA – APRIL 5, 2019 – AbacusNext®, the largest Technology-as-a-Service (TaaS) provider for the legal and accounting professions, today announced that it has appointed Scott Johnson as Chief Executive Officer and a member of the Board of Directors, effective immediately.
Mr. Johnson is a seasoned software executive with deep experience overseeing the strategic direction at several high-growth technology businesses. He previously served as CEO at Zephyr, a real-time test management software provider, which was acquired by Smartbear in 2018. Prior to Zephyr, he was President and CEO of Social Solutions, a provider of SaaS performance management software for human and social services, which was acquired by Vista Equity Partners in 2014. Mr. Johnson is also a Senior Advisor to Providence Strategic Growth (PSG), the growth equity affiliate of Providence Equity Partners and majority owner of AbacusNext.
Marco Ferrari, Managing Director, PSG and a Director at AbacusNext, said, “We are thrilled to welcome a leader of Scott’s caliber to AbacusNext. Scott brings to the Company a proven track record of scaling high growth, profitable software companies, deep financial expertise and a focus on operational excellence. On behalf of the Board, I would like to thank Alessandra Lezama for her many important contributions to AbacusNext. She has done a great job of getting the Company to the position of strength it enjoys today, and we are confident Scott is the right leader to accelerate our next phase of growth."
Mr. Johnson said, “AbacusNext’s deep client relationships and strong global leadership position in TaaS for the professional services sector are unparalleled. I am excited to join the Company’s Board and senior leadership to further expand the breadth and depth of our technology offering, and enhance our differentiated value proposition in the marketplace. I am appreciative of all of Alessandra’s work to grow the Company to this point, and look forward to furthering her commitment to the San Diego community.”
"It has been one of the great privileges of my career to lead this company during the most innovative and successful period in its history. I want to thank Providence Strategic Growth, whose faithful partnership and support has fueled our incredible growth over the last three years," said Alessandra Lezama. "To the AbacusNext employees all over the world, I'm humbled and grateful to have been on this journey with you and to have achieved our dreams together. When I came to AbacusNext we were a niche, single solution provider, but today, because of your extraordinary passion and dedication, we're a global technology brand. I'm honored to pass the baton to Scott, and to see what greater heights await you all in the next chapter of the AbacusNext story."
As the largest technology 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 12,000 clients worldwide.
About Providence Strategic Growth Capital Partners L.L.C.
Providence Strategic Growth (“PSG”) is an affiliate of Providence Equity Partners (“Providence”). Established in 2014, PSG focuses on growth equity investments in lower middle market software and technology-enabled service companies, primarily in North America. Providence is a premier global asset management firm that 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 180 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 on PSG, please visit https://www.provequity.com/private-equity/psg, and for more information on Providence, please visit www.provequity.com.
Providence Equity Partners
Andrew Cole/Kelsey Markovich/Hayley Cook
Sard Verbinnen & Co