Abacus Group Continues Fast Growth in 2015

New York - 20 January 2016

Industry accolades and U.S expansion highlights demand for managed cloud services from hedge fund and investment communities

Abacus Group, a leading provider of hosted IT solutions for hedge funds and private equity funds, today announced fast growth of the company throughout 2015, including the expansion of its U.S. market footprint into key geographies, new strategic partnerships and several prominent industry awards.  

The continued demand for Abacus’s managed cloud service offerings has produced in excess of 50% annual year over year growth, leading the company to expand its presence into several key geographies including Los Angeles, Dallas, and Charlotte, and most recently Boston. These new locations are dedicated to improving and providing support for Abacus’s private cloud products and services that hedge fund and private equity firms, while allowing Abacus to expand the company to almost 100 employees across the country.

In an effort to address and align with ongoing client concerns around cybersecurity, Abacus has also strategically partnered with Kaspersky Labs and Foresite to deploy their industry-leading cybersecurity solutions to protect the valuable data assets of Abacus’s customers.  Abacus will integrate Kaspersky’s Endpoint Security into Abacus FLEX workstations/laptops to improve detection and response to cyber threat, and will be deploying Foresite network wide to provide clients with enhanced security monitoring and analysis to prepare, respond and recover from potential cyber threats.

Abacus has also been recognized by several prominent IT and financial services publications for its growth and managed cloud services offerings.  The readers of Finance Monthly overwhelmingly nominated and named Abacus ‘Best IT Provider’ as part of the publications annual Global Awards.  Abacus was also named to MSPMentor’s 501 Global Edition, a distinguished listing of the world’s top 501 managed service providers (MSPs), for a third consecutive year.  The company ranked 22nd among North American MSPs and 27th among global MSPs, respectively, and was lauded for the performance, scalability and high availability of its private cloud platform. 

Other key achievements in 2015 include:

  • Awarded Best North American Cloud Services Provider by HedgeWeek magazine
  • Ranked among the Top 50 global cloud providers as part of the Talkin’ Cloud 100.
  • Named ‘Top Cloud Provider’ by FTF News during the publication’s annual Technology Innovation Awards.
  • Named one of the Best Places to Work for the third consecutive year by Crain’s New York Business
  • Recognized as the ‘Best Cloud Solution’ by Wall Street Letter
  • Ranked among the MSP Elite 150 as part of CRN’s 2015 Managed Service Provider 500 List

“Our growth is evidence of the demand from the private equity and hedge fund communities for Abacus’s deep domain expertise and superior managed cloud offerings“, said Chris Grandi, CEO of Abacus Group LCC.  “We’re proud to have our efforts to provide customers with secure, efficient and scalable cloud deployments recognized by the industry. We remain committed to providing best in class technology solutions to meet their business needs“.

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