About Abacus Group
Abacus Group is a company based in New York (United States) founded in 2008 was acquired by Avnet in October 2008. It operates as a Managed Services and IT-as-a-Service. Abacus Group has completed 8 acquisitions, including ECHO Technology Solutions, Entara and GoVanguard. Abacus Group offers products and services including abacusFlex, Cybersecurity Services, and Governance, Risk & Compliance. Abacus Group operates in a competitive market with competitors including UST, Addepar, Genpact, 1&1 IONOS and Happiest Minds, among others.
- Headquarter New York, United States
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Sectors
Technology
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Email
Locked
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Phone
Locked
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Website
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Social
Locked
- Legal Name Abacus Group, Llc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Latest Funding Round
Not available
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Investors
Avnet
& 3 more
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Employee Count
Not available
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Investments & Acquisitions
ECHO Technology Solutions
& 7 more
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Acquired by
Avnet
(Oct 10, 2008)
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Products & Services of Abacus Group
Abacus Group offers a comprehensive portfolio of products and services, including abacusFlex, Cybersecurity Services, and Governance, Risk & Compliance.
Managed IT platform is provided for financial services.
Comprehensive security solutions are offered for financial firms.
Regulatory compliance services are delivered to financial clients.
People of Abacus Group
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Funding Insights of Abacus Group
Investors in Abacus Group
Abacus Group has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Avnet, FFL Partners and Abacus Finance.
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Lower middle market investments are targeted by FFL Partners.
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Abacus Finance is engaged in providing tailored credit solutions to lower-middle market companies.
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WestView Capital is focused on growth-oriented company investments.
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Investor details for Abacus Group
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Investments & Acquisitions by Abacus Group
Abacus Group has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include ECHO Technology Solutions, Entara and GoVanguard.
Investment portfolio details for Abacus Group
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cyber security, consulting, and risk assessment services are provided.
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Cybersecurity, vulnerability assessment, and penetration testing services are provided.
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IT management outsourcing services are provided for small businesses.
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Complete acquisition details for Abacus Group
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Financial Statements - Abacus Group
Detailed financials for Abacus Group
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Abacus Group Comparisons
Peer comparison for Abacus Group
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Competitors of Abacus Group
Abacus Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, Addepar, Genpact, 1&1 IONOS and Happiest Minds, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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High-quality office furniture is provided by UST for various needs.
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Wealth management solutions are delivered for investment advisors.
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Provider of end-to-end business process outsourcing services
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Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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IT outsourcing services are delivered across multiple business lines.
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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Detailed competitors of Abacus Group
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Latest news on Abacus Group
Complete news archive for Abacus Group
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Frequently Asked Questions about Abacus Group
Abacus Group was founded in 2008 and raised its 1st funding round 9 years after it was founded.
Abacus Group is headquartered in New York, United States. It is registered at New York, New York, United States.
Abacus Group is recognized for delivering managed IT, multi-cloud, and cybersecurity services tailored to the financial services industry. Specialized solutions including the abacusFlex platform are offered to ensure secure, compliant, and scalable IT environments. Services encompass governance, risk management, compliance, and advanced cybersecurity measures such as red team testing and vulnerability management. The focus is placed on enabling financial firms to operate securely from any location while meeting regulatory requirements. Coverage extends across major financial hubs in the USA and UK, supporting a global clientele with 247 service.
Abacus Group's top competitors include Addepar, Happiest Minds and Mavenir.
Abacus Group offers abacusFlex, Cybersecurity Services, and Governance, Risk & Compliance.
Abacus Group has made 8 acquisitions, including ECHO Technology Solutions, Entara, and GoVanguard.
Abacus Group has 4 investors. Key investors include Avnet, FFL Partners, Abacus Finance, and WestView Capital Partners.