Abacus Group Ranked #1 on ChannelE2E 2020 List of Top Financial Services MSPs & #5 on List of Top 100 Vertical Market MSPs
by Abacus Group, on Apr 30, 2020
Fifth-Annual List Reveals Leading IT Service Providers In Healthcare, Legal, Government, Financial Services, Manufacturing & More
NEW YORK, April 30, 2020 – Abacus Group, a leading provider of hosted IT solutions and services for alternative investment firms, has been named to After Nines Inc.’s ChannelE2E Top 100 Vertical Market MSPs list for 2020, ranked #1 for financial services and #5 amongst all vertical markets. The annual list and research (hashtag: #Top100MSP) identify and honor the top 100 IT managed services providers (MSPs) in healthcare, legal, government, financial services, manufacturing and additional vertical markets.
The Top 100 Vertical Market MSPs rankings are based on ChannelE2E’s Q4 2019 and January 2020 readership survey, and ChannelE2E’s vertical market industry coverage. MSPs featured throughout the list and research leverage deep vertical market expertise to drive annual recurring revenues (ARR) in specific market segments.
This year’s research revealed several key MSP market trends, including:
- Honorees generated a combined $1.12 billion in vertical market annual recurring revenue (ARR) in 2019, up from $699.1 million in 2018. The surge involved organic growth combined with accelerating merger and acquisition (M&A) activity.
- The most successful vertical market MSPs are zeroing in on financial services and healthcare, while MSPs in the legal and manufacturing sectors also showed particularly strong growth.
- The Top 100 Vertical Market MSPs now manage more than 2.8 million users across their customer sites in 2019, up from 2.6 million in 2018.
- MSPs consider their top vertical market technology partners to be Microsoft (56%), Dell Technologies (22%), Cisco Systems (21%), Datto (19%), ConnectWise (11%) and Ingram Micro (11%).
“Our firm is honored to achieve such a high ranking among IT providers in financial services,” said Chris Grandi, CEO of Abacus Group. “We know that this latest list from ChannelE2E, based on data and surveys from the end of 2019 and early 2020, reflects a different time than we’re currently living in with the coronavirus pandemic. I want to acknowledge first and foremost that our incredible team plays the most significant part in the service we’re able to provide to the financial services industry. All of our employees are currently working from home while continuing to provide best-in-class service and support to all of our clients who are also working from home.”
“After Nines Inc. congratulates Abacus Group on this honor,” said Amy Katz, CEO of After Nines Inc. “Vertical market MSPs are uniquely positioned to assist their customers with automation, cybersecurity, e-commerce and business recovery services during this challenging time for the global economy.”
About Abacus Group
Abacus Group, LLC is a leading provider of hosted IT solutions and service focused on helping alternative investment firms by providing an enterprise technology platform specifically designed for the unique needs of the financial services industry. The innovative and award-winning Abacus Cloud platform allows investment managers to source all technology needs as a service, offering the capacity to scale on demand to meet current and future cybersecurity, storage and compliance requirements. The company has offices in New York, NY; San Francisco, CA; Boston, MA; Dallas, TX; Greenwich, CT; Los Angeles, CA; Charlotte, NC; and London, England. For more information, visit www.abacusgroupllc.com.
About After Nines Inc.
After Nines Inc. provides timeless IT guidance for strategic partners and IT security professionals across ChannelE2E (www.ChannelE2E.com) and MSSP Alert (www.MSSPAlert.com). ChannelE2E tracks every stage of the IT service provider journey — from entrepreneur to exit. MSSP Alert is the global voice for Managed Security Services Providers (MSSPs).