Abacus Group, a provider of hosted IT solutions and application hosting for alternative investment firms, has reported a 21 per cent increase in revenue in Q1 2018 compared with the same period in 2017.
The growth is attributed to winning a large number of new clients for its signature AbacusFLEXä IT-as-a-Service solution as well as new application hosting clients. Abacus Group also recently announced it has tripled its UK client base and was selected by TraderTools to host its FX trading network in the Abacus Private Cloud in both the US and the UK. Over the last 10 years since it was founded, in addition to its traditional client base of small startup and mid-size hedge funds, Abacus Group has grown into providing hosted IT solutions for private equity firms, mutual funds, family offices, asset managers and large well-established hedge funds.
In conjunction with its growth, Abacus Group announced it has invested heavily over the past year in its Client Portal, a proprietary suite of compliance tools developed in-house and designed to provide complete transparency and control of an investment firm’s technology platform. All Abacus clients are provided with self-service portal access, giving them visibility into their managed services with an evolving library of important documents, reports and interfaces geared towards helping them achieve compliance and regulatory oversight.
“Our investments in technology and development of the Abacus Client Portal represent our commitment to complete transparency and service to all of our investment firm clients, regardless of size,” says Chris Grandi (pictured), CEO of Abacus Group.
