Wed, May 6, 2015
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. Avenue Capital raises $700m for new energy hedge fund[more]

    Komfie Manalo, Opalesque Asia: Global hedge fund Avenue Capital Group, which manages $13bn in assets as at end March, reported that it raised an additional $700m for a new energy fund that it plans to launch in May. Avenue Ca

  2. SEC charges funds of hedge funds Alpha Titans, executives, and auditor for improper expense allocations[more]

    Update: Please note the important updated information at the end of the article.The Securities and Exchange Commission today announced charges against a Santa Barbara, Calif.-based hedge fund advisory firm and two executives involved in improper allocations of fund assets to pay undisclose

  3. Opalesque TV: Aequam Capital: Asset management industry will be mainly quantitative going forward[more]

    Benedicte Gravrand, Opalesque Geneva: Before starting his boutique in 2010, Arnaud Chretien, co-founder and CIO of Aequam Capital, worked ten years as a market trader and 18 years as a quantitative and systematic fund manager for Soc

  4. Class-action lawsuit accuse hedge fund Standard General of holding American Apparel hostage[more]

    Komfie Manalo, Opalesque Asia: A shareholder class-action suit filed on Wednesday accused New York-based hedge fund Standard General of holding American Apparel hostage. It would reportedly reap huge benefits if the clothing company declared bankruptcy. Standard General is the controlling sto

  5. Aberdeen Asset Management suffers high emerging market outflows[more]

    From FT.com: Investors withdrew billions of pounds from Aberdeen Asset Management as money continued to drain from Europe’s largest independent investment group because of worries over emerging markets. Net outflows for the six months to the end of March rose to £11.3bn, higher than market expectati

 

banner