Abacus Group: IT hosting for the alternative investment industry

Company name: Abacus Group LLC
Company website: Abacusgroupllc.com
Company location: San Francisco, Calif.; New York, NY; Greenwich, Conn.; Charlotte, N.C.; Dallas; London and Los Angeles
Twitter handle: @abacusgroupllc
Fintech sector: Alternative Investment
Year formed: 2008
Number of employees: 103

 


Elevator pitch: Abacus is an IT hosting provider to the alternative investment industry. Our flagship product, AbacusFLEX, is a scalable, redundant, turnkey solution that allows a fund to run all of their technology in a private cloud environment. Clients range from new launches to some of the largest and most prominent funds on Wall Street. Abacus and our private cloud provides each Client: Employees with industry specific knowledge and expertise; a focus on cybersecurity and compliance for the registered investment manager; a resilient and robust infrastructure which can scale with your organization and provide business continuity; assistance with DDQ and ODD questionnaires and documentation when required by auditors and/or investors, as well as many other assets.
 

Tell us a bit about your company and what it does?

Abacus Group, is an established, award winning IT service provider, focused on helping alternative investment firms by providing a secure and industry-leading technology platform. The Abacus platform allows investment managers to run their technology as a service, and offers the capacity to scale on demand; growing (or contracting) with their business; meeting current and future requirements. The platform boasts a best of breed technology architecture, which is powered by 5 geographically diverse, tier III data centers across the US and UK. We specialize in delivering technology solutions to investment managers and provide them solutions that adhere to regulatory and investment requirements and best practices. 50% Year on year growth is a testament to our passionate customer service, robust technology and strong team ethic.
 

How is different than other companies in the same space? 

The Abacus platform is architected to meet the increasing demands placed on fund managers by prospective investors and regulators. The proven and certified platform surpasses due diligence questionnaires, delivering a secure, scalable and resilient technology solution. Our experienced and passionate team instils complete peace of mind, allowing managers to focus on their core business disciplines, not technology services. From email and voice, to hosting industry applications, Abacus provides a competitive and powerful platform for alternative investment managers.

AbacusFLEX™: A comprehensive hosted IT solution for alternative asset managers to manage their IT infrastructure and applications. Designed, delivered and maintained by a team with proven sector experience.

  • Mature, secure and stable platform
  • Capacity when you need it; cost cutting when you don’t
  • Monitored and protected around the clock from cyber threats
  • Real-time transparency via direct dedicated and secure web-based portal
  • Subscription model billed monthly, no lock in
  • Fast and flexible deployment
  • Global 24 x 7 x 365 support framework
  • Designed with regulation in mind
  • Delivered by an experienced team with deep domain expertise
  • Minimal onsite hardware footprint
     

Application hosting: A fully redundant platform which provides the flexibility to host any application, with scalability to add or reduce resources as needed, and the assurance that data is always available, secure and protected.

  • Host a single or many applications
  • Capacity when you need it; cost cutting when you don’t
  • Monitored and protected around the clock from cyber threats
  • Real-time transparency via direct dedicated and secure web-based portal
  • Subscription model billed monthly, no lock in
  • Fast and flexible deployment
  • Global 24 x 7 x 365 support framework
  • Delivered by an experienced team with deep domain expertise
  • Connect to electronic financial communities with ease


AbacusVOICE™: Fully managed and hosted voice solution that offers the convenience, maintained by a team of in-house telephony experts.

  • First-class call quality and reliability
  • Powered by premium telephony infrastructure
  • Real-time transparency via direct dedicated and secure web-based portal
  • Subscription model billed monthly, no lock in
  • Fast and flexible deployment
  • Global 24 x 7 x 365 support framework
  • Compliance friendly
  • Minimal onsite hardware footprint
     

What is your revenue model? How will the company make money?

The Abacus platform allows investment managers to run their technology as a service, and offers the capacity to scale on demand; growing (or contracting) with their business; meeting current and future requirements.  Clients can add or remove users, server, phones data, etc as need demands. Since the Abacus platform is a pay-as-you-go solution, clients minimize CapEX, and move costs to OpEx.
 

Who is your target market? How big is the opportunity?

Abacus caters to the Alternative Investment Industry, i.e. Hedge Funds, Asset Managers and Private Equity firms in the United States and UK.  For Abacus the Total Available Market are those firms $500 million and under.
 

Why are you and your team capable of succeeding?

Abacus is an established, award winning IT service provider, focused on helping alternative investment firms by providing a secure and industry-leading technology platform. The Abacus platform allows investment managers to run their technology as a service, which minimizes CapEX.  Abacus has been providing its services to the alternative investment industry since 2008 and can speak to 300+ successful long-term engagements with many notable firms. The Abacus team is composed of only seasoned and highly experienced professionals that have long-standing careers in the alternative investment industry at either service providers or alternative investment firms. Abacus takes our commitment to our clients seriously, as can be seen with our voluntarily completing annual SAS70/SSAE16 audits, undergoing multiple independent third-party penetration tests each year and our continued desire to always improve via our continuous research and development.
 

What is your company’s next target/milestone?

Abacus is looking forward to several upcoming milestones: its 200th employee, 500th client and 10 years in business.

Can you tell us one unusual fact about your company?

  • Our founder named the company after his favorite Chinese food restaurant, which is around the corner from his house. He says it is really nice in a "dive" sort of way since it has white tablecloths.
  • Abacus is not just a collection of employees, we are truly a family that not only works but plays together.  We have numerous outings and events including weekly poker games, regional summer outings and company dinners, where our employees bring their families; as well as company-wide outings in various locations, including Las Vegas.
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