Fri, May 26, 2017
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. Investing - Tudor Jones backs AI hedge funds, Massive hedge fund trades highlight insider buying: GE, Pentair, Tempur Sealy, Apollo Global and more, Hedge funds big wigs are buying consumer and selling tech, here's the stocks[more]

    Tudor Jones backs AI hedge funds From FT.com: Hedge fund magnate Paul Tudor Jones has invested in a brace of artificial-intelligence powered "quantitative" hedge funds, underscoring the increasing acceptance that the industry will need to turn more to technology and away from traditional

  2. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  3. Investing - China's HNA wants to invest in Value Partners, Risk parity investors reap rewards from rebalancing act, SoftBank's $100 billion tech fund rankles VCs as valuations soar[more]

    China's HNA wants to invest in Value Partners From Reuters.com: HNA Group has alighted on a logical, if pricey, target in Hong Kong. The deal-hungry Chinese travel conglomerate known for overpaying wants to invest in Value Partners, one of Asia's few sizeable independent asset managers,

  4. Opalesque Exclusive: Investors warm to ESG, but seek standardization[more]

    Bailey McCann, Opalesque New York: Asset managers and asset owners plan to double their investment in Environmental, Social and Governance (ESG) driven strategies over the next two years, according to a survey from BNP Paribas Securities Services. The report, "Great Expectations: ESG - what's nex

  5. J.P. Morgan Asset Management launches ultra-short income ETF[more]

    Komfie Manalo, Opalesque Asia: J.P. Morgan Asset Management, the $1.5tln investment management arm of JPMorgan Chase & Co., has launched the JPMorgan Ultra-Short Income ETF (JPST), an actively managed ETF that seeks to provide current incom