Abacus in the News

Abacus Group Growth Exceeds 30 Percent

Abacus Group - Oct 7, 2016

Managed Cloud Services Provider for Alternative Asset Funds Expands to 100-plus Employees 

Abacus Group, a leading provider of hosted cloud IT solutions for alternative asset funds, today announced that its year-over-year growth has exceeded 30 percent through the end of the third quarter of 2016. The company’s employee count also exceeded 100 as it expanded its footprint in the New York, Boston, London, Los Angeles and San Francisco markets.

"Year-over-year, Abacus has added 40 new clients, including firms in the US and in Europe," said CEO Chris Grandi, who founded Abacus in 2008. "We have also opened new data centers in London and in Dallas. This year alone we have increased our data center capacity by 300% to accommodate the demand by larger investment firms whom are now moving their infrastructure into the Private Cloud."

Grandi added that Abacus's industry-leading cybersecurity solutions, deployed in the past year through partnerships with Kaspersky Lab, Foresite and Palo Alto Networks, have heightened the awareness of Abacus in the alternative asset space as an end-to-end IT solution for investment firms. "Financial services continues to be a major target for cybercriminals and Abacus provides an enterprise-class, yet cost-effective business defense for our clients".

Abacus has also been recognized by prominent IT and financial services publications, including:

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Topics: Managed Service Providers- News- Private Cloud

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