Nine Lives Media Names Abacus Group To the Talkin’ Cloud 100

New York - 30 May 2012

Second-Annual Report Lists the World’s Top 100 Cloud Service Providers (CSPs)

Abacus Group, a leading provider of hosted IT solutions for hedge funds and private equity funds, ranks among the world’s top 100 cloud service providers (CSPs), according to Nine Lives Media’s second-annual Talkin’ Cloud 100 report. The top 100 CSPs generated more than $2.3 billion in combined cloud services revenues for 2011, up nearly 46 percent from 2010, according to the Talkin’ Cloud 100 report.

This year’s Talkin’ Cloud 100 report (formerly the Talkin’ Cloud 50) has been expanded to include:

  • Cloud service providers -- companies that offer IaaS, PaaS and/or SaaS
  • Cloud aggregators -- companies that offer online marketplaces for sourcing cloud applications, platforms and/or infrastructure
  • Cloud brokers -- companies that recommend a range of cloud applications for customers
  • Cloud integrators -- companies that link multiple cloud services into a customer solution
  • VARs (value-added resellers) with cloud services expertise
  • MSPs (managed service providers) with cloud services expertise

Abacus provides top tier, new and emerging hedge funds and private equity funds with a cost effective, cloud-based solution that empowers them to focus on their core business without sacrificing performance, security, and the resiliency of their technology and operations. Abacus has achieved 100% client growth over the last 12 months, with a considerable increase of live users on the Abacus private cloud. Such explosive growth showcases how hedge funds are increasingly partnering with outsourced service providers – particularly in light of mounting regulatory requirements.

“We are proud to be recognized by Talkin’ Cloud as one of the top 100 cloud service providers. This achievement is a reflection of Abacus’s year of innovation and growth,” said Chris Grandi, CEO, Abacus Group. “By partnering with Abacus and joining our private cloud, firms gain a cost effective solution that empowers them to focus on their core business without sacrificing performance, security, and the resiliency of their technology and operations.”

The Talkin’ Cloud 100 report is based on data from Talkin’ Cloud’s online survey, conducted January through April 2012. The Talkin’ Cloud 100 report recognizes top cloud service providers based on such metrics as annual cloud services revenue growth (both in actual dollars and in percentage growth rates).

“Nine Lives Media and Talkin’ Cloud congratulate Abacus Group,” said Amy Katz, president of Nine Lives Media, a division of Penton Media. “The Talkin’ Cloud 100 honor arrives amid a land grab in the cloud computing market. And the Talkin’ Cloud 100 companies are leading that land grab.”

Talkin’ Cloud, produced by Nine Lives Media, is the go-to resource for CSPs, VARs and MSPs profiting from cloud computing. Talkin’ Cloud features a daily blog, research, Channel Expert Hour Webcasts and FastChat videos. It is the first online media destination for channel partners working in the cloud.

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