Abacus Group, a Managed Services Provider (MSP) for hedge funds and other alternative investment firms, has expanded its research and development and customer support capabilities with the opening of a new office in central Edinburgh.

The strategic move follows the company’s 15% growth in revenues last year, building on the 21% recorded in 2022.

The new office is already being utilised by a number of employees, and Abacus expects to fill additional roles by early 2024 to support projected growth of 19% whilst having the added benefit of providing new jobs to the area. As it looks to increase headcount by 10-20% this year, Abacus anticipates using its Edinburgh facility as a base to recruit for security analysts, cloud architects and systems engineers, in addition to offering prospective candidates posts in a wide range of customer service and help desk support roles.

The new office, which will act as a strategic extension of the firm's existing London office, which is home to a team of over 40, will accommodate 15 employees.