![]() Learn more at About Certify Inc.Ĭertify was founded in 2008 in Portland, ME and in 2017 was purchased by K1 Investment Management and combined with Nexonia and Tallie Brands to create the largest independent global provider of travel and expense management software. Businesses like Quora, Dropbox and California Closets use Abacus as a smarter way to manage expenses. It is the easiest way for you to reimburse your team, implement your expense policy, and reconcile corporate credit cards throughout the month. “We are excited to see Certify expand its position as the largest independent provider of travel and expense management software by adding Abacus’ leading edge technology to its portfolio.”Ībacus is the leading real time expense reporting solution. “K1 is committed to investing in companies and technologies that have achieved significant success in the market and are clearly positioned for explosive long-term growth,” says Hasan Askari, Managing Partner of K1 Investment Management. Omar and his team have done a tremendous job building Abacus and we look forward to helping them continue to grow their business while enhancing Certify’s leadership position in the spend management space.” “The company’s real time expense management solution is unlike anything else in the marketplace. “Acquiring Abacus strengthens and expands our management team, product set and domain knowledge,” says Robert Neveu, founder and CEO of Certify. “Learning more about how aligned our vision is with Certify’s helped us realize that the fastest way to achieve our goals was to join their organization.” Teaming up with Certify will give our team the opportunity to grow Abacus’ market presence by leveraging Certify’s resources and expertise,” says Qari, CEO of Abacus. “We are thrilled to join Certify’s family of brands. ![]() Abacus’ technology suggests expenses to users by leveraging data and previous behavior, bypassing the traditional expense report to provide real time visibility into company spend while minimizing the opportunity for error. Adding Abacus to its product portfolio allows Certify, which already supports more than 10,000 enterprise, mid-market and SMB customers in North America, to accelerate its growth and serve a more diverse range of customers as the largest independent provider of travel and expense management software.Ībacus, founded in 2013 by Omar Qari, Josh Halickman and Ted Power, introduced the first real time expense reporting methodology to the marketplace and has seen significant growth, today serving more than 1,000 customers such as Betterment, GLG and North American Substation Services. ![]() Certify, which was purchased last year by K1 Investment Management and merged with Nexonia, ExpenseWatch and Tallie, is taking a unique, multi-brand approach in its effort to change the expense management landscape. Financial terms of the deal are not being disclosed. 02, 2018 (GLOBE NEWSWIRE) - Certify announces the acquisition of Abacus, the leading real time expense reporting solution.
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