Abacus Group

Abacus Group

Provides hosted IT solutions for investment firms

About Abacus Group

Simplify's Rating
Why Abacus Group is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Cybersecurity

Financial Services

Company Size

51-200

Company Stage

Growth Equity (Venture Capital)

Total Funding

N/A

Headquarters

New York City, New York

Founded

2008

Overview

Abacus Group provides hosted IT solutions tailored for alternative investment firms in the financial services sector. Their main product, the Abacus Cloud platform, allows investment managers to access all necessary technology as a service. This platform is designed to scale according to the firm's needs, ensuring they can meet cybersecurity, storage, and compliance requirements as they grow. What sets Abacus Group apart from its competitors is its specific focus on the unique needs of the financial services industry, providing a comprehensive technology solution that addresses the challenges faced by investment firms. The company's goal is to empower these firms with the technology they need to operate efficiently and securely.

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Simplify's Take

What believers are saying

  • Increased demand for cloud solutions boosts Abacus's market potential in financial services.
  • Partnerships with cybersecurity firms enhance Abacus's service offerings and client trust.
  • Acquisition of Tribeca expands Abacus's presence and capabilities in the UK market.

What critics are saying

  • Rapid tech advancements may outpace Abacus's current offerings, risking competitive edge loss.
  • Complex financial regulations could challenge Abacus's compliance capabilities, requiring resources.
  • Integration challenges with Tribeca acquisition may disrupt operations and service delivery.

What makes Abacus Group unique

  • Abacus Group offers a scalable IT platform tailored for financial services.
  • The Abacus Cloud platform provides on-demand scaling for cybersecurity and compliance needs.
  • Partnership with Zero Networks enhances Abacus's micro-segmentation and zero trust security solutions.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Wellness Program

Hybrid Work Options

Company News

FF News
Mar 3rd, 2025
Abacus Group Appoints Chief People Officer and Chief of Staff to Lead Global People Strategy

Abacus Group, a global managed IT, multi-cloud and cybersecurity service provider to the financial services industry, today announced the appointment of Elizabeth Kubycheck as its new Chief People Officer (CPO) and Chief of Staff (CoS).

FF News
Dec 6th, 2024
Abacus Group And Zero Networks Partner To Boost Network Security Across Financial Services

Abacus Group, a global managed IT and cybersecurity service provider to the financial services industry, today announced it has partnered with Zero Networks, an innovator in micro-segmentation and zero trust security solutions. The collaboration brings advanced network security capabilities to Abacus Group’s clients across the sector, helping firms reduce cyber risks and meet stringent regulatory requirements.Abacus Group’s partnership with Zero Networks delivers a sophisticated yet accessible approach to micro-segmentation, a networking concept traditionally utilized only by large enterprises due to the complexity and high resource demands of legacy solutions in this market. By leveraging the Zero Networks platform, Abacus Group can offer this critical security capability to clients of all sizes in a streamlined and efficient manner.“Protecting our clients is a top priority and we are continuously reviewing and enhancing our cybersecurity offerings in response to tightening regulations and the evolving threat landscape,” said Eric Ziobro, Director, Strategic Partnerships at Abacus Group.“Our new partnership aligns with this strategy, providing access to cutting-edge security technology that is powerful and easy to implement. We’re working closely with Zero Networks to structure its solution to meet our customers’ specific needs. They are an excellent partner, offering exceptional support and training throughout the process.”Zero Networks’ advanced micro-segmentation solution leverages highly accurate, deterministic algorithms to automatically segment and isolate user devices, preventing lateral movement and unauthorized access. This granular access control, paired with continuous user monitoring, mitigates the risk of ransomware and data breaches across client networks.Aaron Peterik, Global Channel Sales Director, Zero Networks, said: “Abacus Group’s deep expertise in delivering IT and cybersecurity services makes them an ideal partner to deliver our security solutions to a wider audience

FF News
Dec 6th, 2024
Abacus Group and Zero Networks Partner to Boost Network Security Across Financial Services

Abacus Group, a global managed IT and cybersecurity service provider to the financial services industry, today announced it has partnered with Zero Networks, an innovator in micro-segmentation and zero trust security solutions.

Abacus Group LLC
Nov 30th, 2024
FFL Partners Invests in Abacus Group

FFL Partners, a private equity firm, has made a strategic growth investment in Abacus Group, an IT Managed Services Provider specializing in financial services. The terms of the transaction were not disclosed. Abacus, founded in 2008, serves over 650 clients with a focus on hedge funds, private equity, venture capital, and family offices. FFL aims to support Abacus's growth through existing client support and strategic acquisitions.

Abacus Group LLC
Nov 22nd, 2024
Abacus Group Wins Cloud Services Solution of the Year at the Private Equity Wire European Emerging Manager Awards 2024

Abacus Group wins Cloud Services Solution of the Year at the Private Equity Wire European Emerging Manager Awards 2024.

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