Nine Lives Media Names Abacus Group to Top 50 of MSPmentor 501 Global Edition

New York - 13 March 2013

Private cloud services provider for hedge funds ranked #38 MSP in North America

Abacus Group, a leading provider of hosted IT solutions for hedge funds and private equity funds, has landed on Nine Lives Media’s sixth annual MSPmentor 501 Global Edition, a distinguished list and report identifying the world’s top 501 managed service providers (MSPs). Abacus Group was ranked 38 among North American MSPs and 49 among global MSPs .

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 or the resiliency of their technology and operations. Abacus has achieved 100 percent client growth over the last 12 months, as demand continues to grow for its AbacusFLEXTM private cloud solution.

“With regulation and budget constraints changing the landscape of the global financial industry, it is imperative that hedge funds have confidence in the efficiency, security and stability of their providers,” said Chris Grandi, CEO, Abacus Group. “Recognition in the MSPmentor 501 underscores our commitment to partnering with clients to deliver trusted solutions that suit their evolving needs.”

The MSPmentor 501 was launched in February 2013 as an expansion of the MSPmentor 100 that was published annually from 2008 to 2012. The MSPmentor 501 report is based on data from MSPmentor’s global online survey conducted from October through December 2012. The MSPmentor 501 report recognizes top MSPs based on a range of metrics, including annual managed services revenue growth, revenue per employee, managed services offered and customer devices managed.

“MSPmentor congratulates Abacus Group on this honor,” said Amy Katz, President of Nine Lives Media, a division of Penton Media. “Qualifying for our MSPmentor 501 Global Edition puts Abacus in rare company.”

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