Fri, Oct 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Abacus Group recognized as top 100 managed service provider

Thursday, February 23, 2012
Opalesque Industry Update: Abacus Group LLC (“Abacus”), the market leader in hosted technology services for hedge funds, today announced that it has been named to Nine Lives Media’s fifth annual MSPmentor 100 Global Edition, a distinguished list and report identifying the world’s top 100 managed service providers.

A leading provider of hosted IT solutions for hedge funds, Abacus was included among the top 20 firms (#6) ranked by recurring revenue percent growth, having recorded a 175 percent increase of recurring revenue versus the previous year. Additionally, the firm was named one of the top 20 firms ranked by recurring revenue dollar growth. Abacus’ appearance on the MSPmentor 100 follows a string of achievements; the firm was named the Best Overall Technology Provider for hedge funds by Hedge Funds Review in December.

“We are committed to providing our clients with the best managed services available that suit their needs in both a cost-effective and efficient manner,” said Chris Grandi, CEO of Abacus. “Our growth in both revenue and number of clients over the past year, and our inclusion on the MSPmentor 100 list, represent the value our company offers to hedge funds looking for flexible, scalable and effective cloud solutions.”

Published annually, the MSPmentor 100 is compiled using data from MSPmentor’s global online survey, conducted from October through December of the previous year. The report recognizes top managed service providers based on a range of metrics, including annual managed services revenue growth, revenue per employee, managed services offered and customer devices managed.

“MSPs on this year’s global 100 list lifted their annual recurring revenues 28 percent to $1.04 billion, an incredible showing considering the economic uncertainty all IT services providers faced,” said Joe Panettieri, editorial director of Nine Lives Media. “Those MSPs are now managing 2.7 million desktop and mobile devices for customers, an incredible jump of 50 percent from 2010.”

Abacus

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   

Banner

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t