New CFO to Drive Financial Strategy for Leading Technology-as-a-Service Private Cloud Company
San Diego, CA, December 5, 2017 – AbacusNext®, the largest Technology-as-a-Service (TaaS) provider for the legal and accounting professions, today announced it has appointed Mike Skelly as Chief Financial Officer. Skelly brings to AbacusNext more than 20 years of professional experience covering corporate finance, an extensive background in financial planning and operations, management and strategy, mergers and acquisitions, and operations management. Major Horton, who has served as AbacusNext CFO for the past two years, will remain with the company in a strategic support role.
"I am very pleased to announce Mike's appointment as AbacusNext's new Chief Financial Officer," said Alessandra Lezama. "We are fortunate to have a talented financial executive of Mike's caliber to step in to the CFO role. He will be an exceptional addition to our team as we continue to navigate rapid growth, and we look forward to benefiting from his deep expertise he's accumulated overseeing financial operations for the last two decades.”
Skelly will be responsible for management of AbacusNext financial activities, including overall responsibility for the organization, accounting, financial planning & analysis.
"I'm excited to join AbacusNext at such a pivotal moment in the company's history," said Skelly. "I've already seen the tremendous technology and value that AbacusNext is delivering to our clients every day. I look forward to working closely with Alessandra and the team to help position the company for the future, including capitalizing on the immense opportunity ahead in the professional services sector."
Prior to joining AbacusNext, Skelly served as Chief Financial Officer at Trio Health, a data firm that provides an extensive database platform to the pharmaceutical industry. Prior to his time at Trio Health, Skelly was Chief Financial Officer at UpWind Solutions, backed by KPCB, BP Ventures and Mission Point. Before Upwind Solutions, Skelly served as SVP of Finance at The Active Network. During his tenure at The Active Network he oversaw substantial growth including closure of 30 acquisitions, an IPO of $165 million and sale to private equity firm Vista Equity Partners.
Skelly began his career in finance at PricewaterhouseCoopers, before becoming a Senior Associate at Enterprise Partners Venture Capital. He holds a B.A. in Accounting from the University of Iowa.
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. Our portfolio of turnkey solutions includes hardware, software and infrastructure on a pay as you go model; Practice Management, Client Resource Management (CRM), Payment Processing, Email, Desktop as a Service (DaaS) and Managed IT.
Headquartered in San Diego, California, and backed by private investment with Providence Equity, AbacusNext delivers products and services to over 500,000 businesses worldwide. To sign up or learn more visit AbacusNext.com.
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 has offices in New York, London, Hong Kong, Singapore and New Delhi. For more information, please visit www.provequity.com.