Certify Grows Travel & Expense Management Software Portfolio with Abacus Acquisition

Certify Grows Travel & Expense Management Software Portfolio with Abacus Acquisition

PORTLAND, MAINE, July 17, 2018—Certify announces the acquisition of Abacus, the leading real time expense reporting solution. Financial terms of the deal are not being disclosed. 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. 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.

Abacus, 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. 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.

“We are thrilled to join Certify’s family of brands. 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. “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...

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