Abacus closes 2016 with double-digit growth rates
The Swiss pioneer in business software Abacus Research increased its consolidated total revenue by 10.8 percent in 2016 compared to the previous year. There was also growth in the number of employees.
Abacus was once again able to maintain its leading position in the Swiss market for business software last year, according to a media release sent out on March 9. The solutions are in demand as never before, even in "times of digitalization". Last year, more than 4,600 subscriptions were sold for the latest products for mobile applications alone, such as the app for recording working hours and benefits, as well as expense reporting, which allows business processes to be handled electronically from A to Z without media discontinuity, according to Abacus.
The use of Abacus software from the cloud continues to be highly popular. Sales of web subscriptions for the corresponding rental programs increased by 24.5 percent last year compared to the previous year. Since its launch ten years ago, a total of over 15,600 program subscriptions have been purchased by SMEs. There has also been a marked increase in the business with new program licenses. This segment had grown by 43 percent compared to 2015. In total, 350 SMEs decided to use Abacus Business Software for the first time last year. The various industry solutions contributed significantly to this increase in sales, the report continues. In the "Public Sector" segment alone, 35 municipalities switched to the financial software of this Swiss software manufacturer.
As has been the case since its beginnings more than 30 years ago, sales of the business software continue to be handled by partner companies. The "best list" for the sale of new software licenses is headed by Axept Business Software, ahead of BDO and All Consulting. Claudio Hintermann, CEO of Abacus Research, comments with satisfaction on the good business performance: "The investments we have made in new technologies for mobile and cloud-based applications are beginning to bear fruit. However, this is only an intermediate step, as there are currently many other developments in the pipeline."
