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Abacus Group LLC
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Provides hosted IT solutions for investment firms
Abacus Group LLC
Work Here?
Provides hosted IT solutions for investment firms
About Abacus Group LLC
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, LLC 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 be flexible, enabling firms to scale their technology resources according to their needs, particularly in areas like cybersecurity, data storage, and compliance. What sets Abacus apart from its competitors is its specific focus on the unique requirements of the financial services industry, ensuring that their solutions are highly relevant and effective for their clients. The goal of Abacus Group is to empower investment firms by providing them with a comprehensive and adaptable technology platform that meets their evolving needs.
Simplify's Take
What believers are saying
- Increased demand for cloud-based IT solutions boosts Abacus Group's market potential.
- Private equity investment from FFL Partners supports strategic growth and expansion.
- Acquisition of Tribeca Technology Group strengthens UK market presence and service capabilities.
What critics are saying
- Integration of Tribeca may face cultural and operational challenges affecting service delivery.
- Over-reliance on Zero Networks could pose risks if they face operational difficulties.
- Rapid UK expansion may stretch resources, potentially impacting service quality.
What makes Abacus Group LLC unique
- Abacus Group offers a scalable IT platform tailored for financial services firms.
- The company provides award-winning cloud solutions recognized in multiple industry awards in 2024.
- Partnership with Zero Networks enhances cybersecurity with advanced micro-segmentation and zero trust 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
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, 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
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 wins Cloud Services Solution of the Year at the Private Equity Wire European Emerging Manager Awards 2024.
Abacus Group, a leading IT Managed Services Provider (“MSP”) to financial services firms globally, today announced it has acquired Tribeca Technology Group (Tribeca), a UK-based IT MSP also serving the financial services industry, to further strengthen its existing market presence and capabilities across the UK market.The acquisition will see Abacus Group, which also provides specialised cybersecurity expertise, significantly increase the size of its UK business as the two companies collaborate to pool their experience, diversify their portfolios and scale their offerings. Tribeca, which also has offices in New York and Hong Kong, has specialist experience in the UK private equity, asset and wealth management market, complementing Abacus Group’s deep expertise in the region’s hedge fund and private equity space.The integrated merger of the two businesses also enables Abacus Group to seamlessly extend its full suite of managed IT and cybersecurity services, including their market leading abacusFlex platform to Tribeca’s existing clients, whilst scaling its resources more effectively. This powerful combination will benefit customers of all sizes and ensure a premium service to emerging managers as well as large multinational organisations.Anthony J. D’Ambrosi, CEO, Abacus Group, said: “I’m delighted to welcome Tribeca and its clients to Abacus Group. Tribeca’s reputation and long-standing client relationships are indicative of extending our core values as we further establish Abacus as the premier provider of managed services across the UK for financial services institutions. We are committed to leadership, innovation, operational excellence and exceptional client experiences in this important market, and this acquisition demonstrates just that.“Together, our capabilities and scale will drive new opportunities for growth, to the benefit of clients, employees and shareholders alike
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About Abacus Group LLC
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
Abacus Group LLC is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today