Abacus Group, a provider of hosted cloud IT solutions for alternative asset funds, has reported year-on-year growth of over 30 per cent up to the end of the third quarter of 2016.

The company’s employee count also exceeded 100 as it expanded its footprint in the Boston, Los Angeles and San Francisco markets.  
 
“Year-over-year, Abacus has added 40 new clients, including firms in the United Kingdom and Sweden,” says CEO Chris Grandi (pictured), who founded Abacus in 2008. “We have also tripled our data centre capacity to meet the increasing demand for our services.”
 
Grandi adds that Abacus’s cybersecurity solutions, deployed in the past year through partnerships with Kaspersky Lab and Foresite, have heightened awareness of Abacus in the alternative asset space as an end-to-end IT solution for individual firms.
 
“Financial services continues to be a major target for cybercriminals and Abacus provides a cost-effective business defence,” he says.