Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has expanded its application hosting service partnership network.
The Abacus partnership programme provides hedge fund and private equity firms with access to fully hosted and managed business applications on the AbacusFLEX private cloud platform.
By increasing its application hosting service, Abacus offers greater overall business and workflow efficiency to fund managers. Hosting applications in the private cloud also ensures better system resiliency, redundancy and data back-up capabilities, while providing support services from round-the-clock IT staff.
The AbacusFLEX private cloud platform enables funds to meet new technology-driven regulatory and investor requirements in a cost efficient way using a secure environment. AbacusFLEX offers complete integration with front-office trading applications, back-office reporting systems, as well as managing email and files. AbacusFLEX also incorporates a compliance feature that allows firms to meet the Dodd-Frank electronic message monitoring policy.
“Application hosting has become one of the most requested services across the industry, due to the high level of data security and efficiency it provides both startups and established financial services firms,” says Viktor Tadijanovic, co-founder and chief technology officer at Abacus Group. “Firms are constantly looking for ways in which they can increase productivity while still having reliable access to their data, and the expansion of our application hosting partnership network solidifies that for our customers.”