Abacus Group, a leading IT Managed Services Provider (“MSP”) to financial services firms globally, has announced it has acquired Tribeca Technology Group (Tribeca), a UK-based IT MSP also serving the financial services industry, to further strengthen its existing market presence and capabilities across the UK market.

The acquisition will see Abacus Group, which also provides specialised cybersecurity expertise, significantly increase the size of its UK business as the two companies collaborate to pool their experience, diversify their portfolios and scale their offerings. Tribeca, which also has offices in New York, has specialist experience in the UK private equity, asset and wealth management market, complementing Abacus Group’s deep expertise in the region’s hedge fund and private equity space.