Abacus Group, a leading provider of hosted cloud IT solutions for alternative asset funds, today announced that its year-over-year growth has exceeded 30 percent through the end of the third quarter of 2016. The company’s employee count also exceeded 100 as it expanded its footprint in the Boston, Los Angeles and San Francisco markets.
“Year-over-year, Abacus has added 40 new clients, including firms in the United Kingdom and Sweden,” said CEO Chris Grandi, who founded Abacus in 2008. “We have also tripled our data center capacity to meet the increasing demand for our services.”
Grandi added that Abacus’s industry-leading cybersecurity solutions, deployed in the past year through partnerships with Kaspersky Lab and Foresite, have heightened awareness of Abacus in the alternative asset space as an end-to-end IT solution for individual firms. “Financial services continues to be a major target for cybercriminals and Abacus provides a cost-effective business defense,” he said.
Abacus has also been recognized by prominent IT and financial services publications, including:
- Crain’s Best Places to Work in New York, for the third straight year.
- Hedgeweek’s Best North American Cloud Provider for 2016
- The Channel Group-CRN’s MSP 500, Elite 150, Fast Growth 150 and – for the first time – Solution Provider 500.
