Abacus Group Continues Momentum with Two New Award Wins

Abacus GroupPrivate cloud service provider recognized for its exceptional client service and continued growth New York, NY, October 13th, 2015— Abacus Group, a leading provider of hosted IT solutions for hedge funds and private equity funds, today announced it has been recognized by both Hedgeweek and Talkin’ Cloud as a distinguished top cloud service provider. Abacus was named the Best North American Cloud Services Provider in the 2015 Hedgeweek USA Awards, and ranked in the top 50% of the Talkin’ Cloud 100. Institutional investors, wealth managers, fund managers and other industry professionals selected Abacus as the Best North American Cloud Services Provider for the Hedgeweek USA Awards 2015. Honoring leaders of the hedge fund industry and their notable achievements, the Hedgeweek USA award recognizes companies that have been responding positively to the growing demands of the industry, while focusing on generating non-correlated results for investors. The Talkin’ Cloud 100 report recognizes the world’s top 100 cloud service providers (CSPs), based on data from Nine Lives Media’s survey conducted January through May 2015. Rankings are based on metrics such as annual cloud services revenue growth both in actual dollars and in percentage growth rates. Abacus Group was ranked #50 on the list, with a nearly 46% revenue increase from 2014. “We’re honored that the industry continues to recognize Abacus Group for our commitment to working with our clients to deliver the most trusted solutions,” said Chris Grandi, CEO, Abacus Group. “Investment firms today are faced with multiple new challenges, and we continue to strive to offer the most reliable, secure and scalable private cloud services to help them meet their evolving business requirements.” Abacus continues to show leadership in the industry, recently being recognized by MSP Mentor and Finance Monthly for impressive growth and innovative managed solutions for private equity and hedge funds. Abacus continues to expand throughout the US in 2015, recently opening offices in Charlotte, North Carolina and Dallas, Texas. The firm has also partnered with Foresite and Kaspersky to enhance cybersecurity offerings to help provide clients with enhanced security monitoring, analysis and response to prepare and recover from potential cyber threats. About Abacus Group LLC Abacus Group LLC is an IT solutions firm focused on helping hedge funds and private equity funds deploy and manage hosted IT solutions. Our objective is to provide investment managers and technology executives with solutions to improve their IT service experience. Abacus has developed a scalable, redundant and highly available IT platform to allow investment managers to run all of their technology as a service. The days of purchasing new hardware every few years are over. Abacus manages mirrored data centers throughout the US and provides cost effective and efficient solutions. Firms connect to their IT applications and data through high speed circuits with minimal onsite equipment.