As Sageworks Abrigo was founded as Sageworks in Raleigh, North Carolina in 1998 by
Brian Hamilton and
computer programmer Sarah Tourville. The two met while Hamilton was teaching Continuing Studies at
Duke University in the early 1990s. Tourville, one of Hamilton's students, said she could program a financial-analysis system after Hamilton said that no one has come up with a way to automate certain analyses. In the late 1990s Hamilton and Tourville spent two years developing software for what was to be known as Sageworks' Financial Information into Narrative Data (FIND), the technology behind its ProfitCents product. It provides financial performance data on private companies based on their income statements and balance sheets. The data is provided by large accounting firms that work with private companies, then anonymized by labeling each company with a unique identifier number. Commercial users are given access to aggregated data by industry and region and not the financials of individual companies. In 2014, Sageworks launched its LoanSage product, a platform for small business owners to get loans of up to $2 million in one day. That same year, the company unveiled Sageworks Bank Information, a cloud-based platform providing data on banks and credit unions with data of 6,000 U.S. banks and 7,000 credit unions. The same year it launched its
CFO platform, a suite of financial analysis tools for financial executives with financial analysis,
benchmarking,
valuation, and industry data, and Sageworks Bank Information, a cloud-based platform with bank and credit union data. In June 2017, it released its CashSage product, for analyzing cash flow.
As Abrigo In 2018, Accel-KKR acquired Sageworks for an undisclosed amount and became part of the Banker's Toolbox suite of products. In 2019, Banker’s Toolbox and Sageworks consolidated under a single brand and rebranded as Abrigo. In 2019, the company acquired Farin Financial Risk Management. In 2021, Abrigo secured a second investment from funds managed by Carlyle. As of the mid-2020s, Abrigo continues to focus on expanding its integrated software platform to help financial institutions adapt to evolving regulatory requirements and scrutiny of their safety. The company has emphasized cloud-based delivery, AI technology, and data-driven insights as key areas of development. In 2022, Abrigo acquired Valuant and BankLabs’ Construct and +Pay construction-loan administration and funding solutions. DiCOM Software was added in 2023. In 2024, the company acquired TPG Software. In 2025, Abrigo acquired Integrated Financial Services of
Hasbrouck Heights, New Jersey. The company acquired
Sioux Falls, South Dakota based Journey Technology Solutions in 2026. The regulatory body for the
automated clearing house (ACH) network designated Abrigo as a preferred partner for ACH fraud prevention. ==Reception==