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AbacusNext Announces GDPR Compliance, Appoints Data Protection Officer

AbacusNext Announces GDPR Compliance, Appoints Data Protection Officer

AbacusNext Announces GDPR Compliance, Appoints Data Protection Officer

SAN DIEGO, May 31, 2018 (GLOBE NEWSWIRE) -- AbacusNext®, the largest
Technology-as-a-Service (TaaS) provider for the professional services sector,
announced that it is fully compliant with the rules mandated by the General
Data Protection Regulation (GDPR), the European Union’s new regulatory
framework for data privacy and protection. GDPR came into effect on May 25^th,
2018 and replaced the 1995 EU Data Protection Directive.

As both a data controller and a data processor handling large amounts of
sensitive data for clients all over the world, AbacusNext employees have
undergone extensive GDPR training to ensure the company’s compliance with the
new rules and to help clients with their own GDPR compliance needs. AbacusNext
is committed to assisting its clients and partners with their transition to
all data protection regulations initiated by the EU.

“Our clients’ privacy and security are at the heart of everything we do at
AbacusNext,” said AbacusNext CEO, Alessandra Lezama. “We welcome GDPR’s more
stringent data protection and privacy standards, and as the trusted technology
partner to over a million professionals worldwide, we are committed to
supporting and assisting our clients with their own regulatory requirements
with our portfolio of turnkey compliance and security solutions.”

This announcement represents the culmination of more than a year’s worth of
work by the AbacusNext Compliance Team in consultation with outside council
Teeple Hall, LLP and international law and compliance specialist Wendy
Kennedy, who’s been appointed AbacusNext’s Data Protection Officer (DPO). As
DPO, Kennedy has and will continue to help educate employees on GDPR
compliance requirements, train staff involved in data processing, conduct
internal compliance audits, and serve as the point of contact between
AbacusNext and GDPR Supervisory Authorities.

“It’s been a pleasure working with AbacusNext to continue their legacy of data
protection compliance for their clients,” said Kennedy. “I look forward to our
continued efforts to maintain and expand the robust data privacy and security
compliance regime we’ve established over the past year.”

For more information on AbacusNext’s GDPR compliance project, visit
abacusnext.com/GDPR, or contact the AbacusNext Compliance Team at
compliance@abacusnext.com.

About AbacusNext
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. Headquartered in San Diego,
California, and backed by private investment with Providence Equity,
AbacusNext delivers products and services to over 500,000 businesses
worldwide.

About Providence Equity Partners
Providence is a premier global private equity firm with more than $54 billion
in capital under management. 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 160 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, please visit
www.provequity.com.

Contact:

858-529-0018
press@abacusnext.com

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