American Pacific Group-backed Fresche Solutions, a software company in Montreal, Canada, agreed to acquire Abacus, a provider of IBM i cloud, managed services and infrastructure solutions. Financial terms were not disclosed. "We’re thrilled to welcome Abacus to the Fresche family! The number of customers that are looking to us for help and guidance on their way to the cloud is growing at an unprecedented rate. With the cloud and managed services industry expected to reach $791bn by 2028, companies are actively looking for flexible and innovative solutions to enable their digital transformation. Our modernization expertise, development capabilities, and automated solutions pair extremely well with Abacus’ impressive cloud and managed services solutions and present an ideal pathway forward for IBM i customers," Stephen Woodard, Fresche CEO.