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
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Abacus Group, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Avnet
& 3 more
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Employee Count
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Managed IT platform is provided for financial services.
Comprehensive security solutions are offered for financial firms.
Regulatory compliance services are delivered to financial clients.
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Funding Insights of Abacus Group
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Private Equity Round - Abacus Group | Valuation | FFL Partners |
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| Jul, 2017 | Amount | Debt – Conventional - Abacus Group | Valuation |
investors |
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| Jul, 2017 | Amount | Private Equity Round - Abacus Group | Valuation | WestView Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Lower middle market investments are targeted by FFL Partners.
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Founded Year | Domain | Location | |
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Abacus Finance is engaged in providing tailored credit solutions to lower-middle market companies.
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Founded Year | Domain | Location | |
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WestView Capital is focused on growth-oriented company investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| 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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2013 | ||||
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Cybersecurity, vulnerability assessment, and penetration testing services are provided.
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2013 | ||||
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IT management outsourcing services are provided for small businesses.
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Abacus Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Abacus Group Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Wealth management solutions are delivered for investment advisors.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Abacus Group
Frequently Asked Questions about Abacus Group
When was Abacus Group founded?
Abacus Group was founded in 2008 and raised its 1st funding round 9 years after it was founded.
Where is Abacus Group located?
Abacus Group is headquartered in New York, United States. It is registered at New York, New York, United States.
What does Abacus Group do?
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.
Who are the top competitors of Abacus Group?
Abacus Group's top competitors include Addepar, Happiest Minds and Mavenir.
What products or services does Abacus Group offer?
Abacus Group offers abacusFlex, Cybersecurity Services, and Governance, Risk & Compliance.
How many acquisitions has Abacus Group made?
Abacus Group has made 8 acquisitions, including ECHO Technology Solutions, Entara, and GoVanguard.
Who are Abacus Group's investors?
Abacus Group has 4 investors. Key investors include Avnet, FFL Partners, Abacus Finance, and WestView Capital Partners.
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