Sageworks
Abrigo (parent of the Sageworks lending brand) is a US-based cloud banking software platform serving community and regional banks and credit unions with subscription-based lending, financial crime, portfolio risk/CECL, and banking intelligence products, complemented by an advisory services practice.
- Company typePrivate
- Founded1998
- HeadquartersRaleigh, United States
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
What Sageworks does
Abrigo (the parent of the Sageworks lending product brand) is a private cloud-based banking software company serving US community and regional banks and credit unions. The company operates an enterprise SaaS platform consolidated through multiple acquisitions (Sageworks, DiCOM Software, IFSLeaseWorks, TPG Software, Valuant) into four functional pillars: lending and credit risk automation (commercial, consumer, small business, construction, community lending, and equipment leasing via Sageworks and adjacent products), financial crime (BAM for AML/BSA and fraud detection), portfolio risk and CECL compliance (Allowance/CECL, Asset/Liability Management, stress testing, investment accounting, loan review, income recognition), and banking intelligence (Abrigo Connect). Underlying capabilities include API-supported integrations (developer.abrigo.com/docs) and an AI Hub spanning predictive analytics, anomaly detection, process automation, and generative AI features; SOC 1 and SOC 2 Type 2 certifications cover the cloud data platform.
The business generates revenue primarily from annual subscription licensing of its cloud software, supplemented by an Advisory Services practice staffed by former C-suite executives, bank examiners, accountants, and BSA officers providing consulting for CECL, AML/CFT, fraud detection, asset/liability management, deposit pricing, and change management. Go-to-market is enterprise field sales with a consultative approach; pricing is quote-based and not publicly disclosed. Distribution is direct to financial institutions in the United States, with no reseller or marketplace channels identified. The company is reported to have 251-500 employees and maintains a careers portal with an active job openings pipeline.
The company has been recognized through a multi-year cadence of industry awards (Chartis RiskTech100, FinTech Breakthrough, G2 Leader, IDC Real Results, NC Tech Company of the Year, multiple Best Places to Work designations) and operates a marketing apparatus including a blog, resources library, webinars, the ThinkBIG user conference, user groups, and active social channels. Ownership structure, institutional investors, and revenue figures are not disclosed in the source data; the only recorded funding event in the input is a 2018 transaction involving Boathouse Capital with no disclosed amount.
Sageworks firmographics
Firmographics- Name
- Sageworks
- Legal name
- Abrigo
- Website
- https://sageworks.com
- Company type
- Private
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Abrigo (parent of the Sageworks lending brand) is a US-based cloud banking software platform serving community and regional banks and credit unions with subscription-based lending, financial crime, portfolio risk/CECL, and banking intelligence products, complemented by an advisory services practice.
- Ownership category
- akta.pro rank
Sageworks industry classification
Industry- Product category
- Banking Software
- NAICS
- Software Publishers (513210), Activities Related to Credit Intermediation (5223)
- SIC
- Services-Consumer Credit Reporting, Collection Agencies (7320)
- akta.pro primary industry
- Underwriting Automation & Income/Employment Verification (FSAGAHAD)
- akta.pro secondary industries
- Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK), Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)
Keywords
Where Sageworks is headquartered
LocationHeadquarters
- HQ city
- Raleigh
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Sageworks business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Software Subscriptions: Subscription-based software licensing for lending, credit risk, financial crime, portfolio risk, and CECL solutions. Delivered as cloud-based platform with ongoing updates and support.
- Advisory/Consulting Services: Professional consulting services including CECL consulting, AML advisory, fraud detection, asset/liability management, loan & deposit pricing, and change management. Provided by former bank executives and examiners.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise software packages |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels8 records
Sageworks product offering
Product offeringCore offering
Sageworks (now operating as Abrigo) provides cloud-based banking software for commercial lending, financial crime detection (AML/BSA, fraud), credit risk management, and portfolio analytics. The platform enables banks and credit unions to originate loans, monitor transactions, calculate allowance/CECL, run stress tests, and manage asset/liability exposure. Advisory services complement the software suite for regulatory and risk engagements.
Product overview
Sageworks (now part of Abrigo) offers a unified platform-plus-modules architecture for financial institutions, consolidating lending, financial crime, portfolio risk, and analytics solutions. The core platform includes Sageworks Lending Software for commercial/consumer/small business/construction lending, BAM (Anti-Money Laundering) for financial crime compliance, Allowance/CECL Solutions for credit loss accounting, Asset/Liability Management for liquidity optimization, and Abrigo Connect for banking intelligence and analytics. These products work together to automate life-of-loan processes, detect fraud, manage regulatory compliance, and provide portfolio insights across the banking enterprise.
Differentiator
Problem solved
Functional benefit
Brands
- Sageworks Lending Software: Commercial lending software solution under Abrigo's product portfolio
- DiCOM Software
- IFSLeaseWorks
- TPG Software
- Valuant
Products and services
- Sageworks Lending Software Cloud-based commercial lending platform for banks and credit unions to originate, underwrite, service, and report on commercial loans.
- Consumer Lending Software End-to-end consumer loan origination, decisioning, and servicing platform for retail banking customers.
- Small Business Lending Software Specialized small business loan origination and portfolio management solution for community and regional banks.
- Construction Lending Software Construction loan administration and draw management solution for residential and commercial construction projects.
- Community Lending Software Lending platform tailored to the needs of community banks and credit unions, supporting relationship banking workflows.
- Sageworks Credit Risk Software Credit risk analytics platform providing loan review, stress testing, and portfolio risk monitoring.
- IFSLeaseWorks (Equipment Leasing) Equipment leasing and finance origination and servicing platform.
- BAM (Anti-Money Laundering) AML/BSA compliance software for transaction monitoring, watchlist screening, and regulatory reporting for banks.
- Fraud Detection Software Real-time fraud monitoring and detection platform for deposit and lending fraud scenarios.
- Allowance / CECL Software CECL (Current Expected Credit Loss) and allowance calculation software for loan loss reserve modeling in compliance with FASB standards.
- Asset/Liability Management (ALM) Software ALM analytics for interest rate risk, liquidity risk, funds transfer pricing, and balance sheet simulation.
- Income Recognition Software Loan income accrual and recognition automation for commercial loan portfolios.
- Investment Accounting (TPG) Investment portfolio accounting and reporting software for bank-held securities.
- Loan Review Software Loan review workflow and credit-quality assessment platform supporting examiner and internal review processes.
- Stress Testing Software Regulatory and enterprise stress testing platform supporting DFAST/CCAR-style scenarios and capital planning.
- Abrigo Connect Data and analytics layer that consolidates customer loan, deposit, and risk data into a unified repository for reporting and BI.
- Advisory Services Risk management and regulatory advisory services covering credit risk, compliance, ALM, and loan review engagements.
Quantifiable outcome
- Reduce origination costs through lending automation
- +1 more outcomes
Companies that use Sageworks
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles2 records
Sageworks technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability6 records
Feature7 records
Sageworks partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- TPG SoftwarecoreTPG Software, now part of Abrigo, provides world-class Investment Accounting software and services. This acquisition expanded Abrigo's portfolio risk and CECL offerings with investment accounting capabilities.
- DiCOM SoftwarecoreDiCOM Software is now part of Abrigo, providing additional capabilities within the Abrigo platform for managing risk and driving growth in financial institutions.
- IFSLeaseWorkscoreIFSLeaseWorks, now part of Abrigo, provides end-to-end lease origination and administration automation, enabling financial institutions to diversify portfolios and earn additional interest income.
- ValuantcoreValuant is now Abrigo, giving financial institutions a single source to manage risk and drive growth. Valuant capabilities are integrated into the Abrigo platform.
- GartnerminorGartner provides AI vendor reports for the banking industry, with Abrigo referenced as a vendor in their research.
Scale indicators1 record
Recent moves7 records
Expansion highlights6 records
Sageworks competitors and assessment
Company assessmentMarket position
Strengths1 record
Competitive moat5 records
Key highlights3 records
Customer concentration
Sageworks social profiles
Digital presenceSageworks compliance and trust
Trust signalCompliance2 records
Sageworks financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sageworks leadership team
Management profileNumber of profiles
Sageworks subsidiaries and ownership
Company hierarchySubsidiaries5 records
Sageworks funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sageworks M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sageworks
What does Sageworks do?
Sageworks (now operating as Abrigo) provides cloud-based banking software for commercial lending, financial crime detection (AML/BSA, fraud), credit risk management, and portfolio analytics. The platform enables banks and credit unions to originate loans, monitor transactions, calculate allowance/CECL, run stress tests, and manage asset/liability exposure. Advisory services complement the software suite for regulatory and risk engagements.
Is Sageworks a public or private company?
Sageworks is a private company. It is classified as private equity controlled and is currently operating.
When was Sageworks founded?
Sageworks was founded in 1998. It employs 251 to 500 people.
Where is Sageworks based?
Sageworks is headquartered in Raleigh, United States, in the North America region.
How does Sageworks make money?
Two revenue lines are on record. Software Subscriptions are the primary driver. The others are advisory/Consulting Services.
Does Sageworks have an API?
Yes. Abrigo offers API documentation for developers. The developer portal is available at https://developer.abrigo.com/docs Developer documentation is at developer.abrigo.com/docs.
What industry is Sageworks in?
Sageworks's product category is Banking Software. Its primary akta.pro industry code is FSAGAHAD, Underwriting Automation & Income/Employment Verification, with a secondary code of FSAGALAK, Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes). Its NAICS code is 513210 and its SIC code is 7320.