Sun, Sep 25, 2016
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   |   
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. Star names struggle as smaller hedge funds make hay[more]

    From eFinancialnews.com: Many big-name funds have been hit by sharp reversals in markets, including US government bonds and UK stocks, and have struggled to extricate themselves from positions that have gone bad. According to data group eVestment, hedge funds below $250 million in size are up 4.1% t

  2. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  3. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  4. Comment - ‘Gut feeling’ measurable in hedge fund traders, How hedge fund managers can use blockchain to maximize benefits[more]

    ‘Gut feeling’ measurable in hedge fund traders From Laboratoryequipment.com: “Gut feeling” is an intangible – an automatic hunch – based on prior experience for some people. But the “gut feeling” is actually a measurable response developed in professionals doing some high-risk work, acco

  5. Opalesque Exclusive: Modern investor tools (2): A platform that does the job for you[more]

    Benedicte Gravrand, Opalesque Geneva: A new series on technology providers that assist asset allocators. There is disruption in the investor part of the world of hedge funds, coming from platforms that can replace traditionally-run search and analysis. Here is one of them. L