About Abacus Group
Abacus Group is a Technology company based in New York (United States) founded in 2008, and was acquired by Avnet in October 2008. Managed IT and cybersecurity services are provided for financial firms. It operates on a Managed Services and IT-as-a-Service model. Abacus Group has completed 8 acquisitions, including ECHO Technology Solutions, Entara and GoVanguard. Its website abacusgroupllc.com draws about 16 thousand monthly visits. Abacus Group offers products and services including abacusFlex, Cybersecurity Services, and Governance, Risk & Compliance. Its focus areas include IT Services, Managed IT Services, Cybersecurity and Financial Cybersecurity Solutions. Its legal entity is Abacus Group, LLC. Its competitors include Addepar, Genpact and 1&1 IONOS; 1 of its 3 listed competitors has raised funding.
Company details
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.
- InvestorsAvnet
& 3 more
- Investments & AcquisitionsECHO Technology Solutions
& 7 more
- Acquired byAvnet
(Oct 2008)
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.
Apps and channels of Abacus Group
its YouTube channel Abacus Group has 42 subscribers and 16 videos.
Videos from Abacus Group
The most watched videos on Abacus Group's YouTube channel, Abacus Group (42 subscribers). Click a video to play it here.
More on Abacus Group.
Funding Insights of Abacus Group
- Total Rounds 3
- Investors Count 3
All 3 funding rounds of Abacus Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2022 | Private Equity Round | – | FFL Partners | – | |
| Jul 2017 | Debt – Conventional | – | – | ||
| Jul 2017 | Private Equity Round | – | WestView Capital | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Lower middle market investments are targeted by FFL Partners. | 1997 | fflpartners.com | San Francisco, United States | |
Abacus Finance is engaged in providing tailored credit solutions to lower-middle market companies. | abacusfinance.com | New York, United States | ||
WestView Capital is focused on growth-oriented company investments. | wvcapital.com | Boston, United States | ||
Electronic components and embedded technologies are distributed globally. | 1921 | avnet.com | Phoenix, United States |
Investor details for Abacus Group
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People of Abacus Group
69 people are tracked at Abacus Group (20 in leadership, 49 in team).
| Name | Role | Group |
|---|---|---|
James Bohrer | Director of Business Development | Leadership |
Jonathan C. Jasmine | Senior Director of Client Success | Leadership |
Anthony J. D'Ambrosi | Chief Executive Officer | Leadership |
Toria F. | Senior Director Of Business Performance | Leadership |
Steve Doran | Head Of East Coast Sales, And Strategic Initiatives-abacus Group | Leadership |
Tom Cole | Managing Director - EMEA | Leadership |
Paul Ponzeka, CISSP | Chief Technology Officer | Leadership |
Georgia Mackey | Director Of Software Engineering | Leadership |
Jesse Bonserio | Senior Director of Engineering | Leadership |
Jonathan Cartagena | Director Of Service Transition Engineering | Leadership |
Jesse Sanders | CFO | Leadership |
Jonathan Shapiro | Chief Revenue Officer (CRO) | Leadership |
Brian Sigmond | Managing Director of Business Development | Leadership |
Toria Fox | Director of Finance - UK | Leadership |
David Dawson | Director of Client Technology Management | Leadership |
Jonathan Bohrer | President | Leadership |
Andrea Wildenberg | Director of Client Support Operations | Leadership |
Sam Middleton | Director Of Client Support | Leadership |
Eric Ziobro | Global Head Of Partnerships | Leadership |
Cynthia Oliveras | Director Of Client Support Engineering | Leadership |
49 more people are available in the full profile.
Complete people profiles for Abacus Group
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- Board tenure
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
IT suite services are provided to the healthcare industry. | medicusit.com | Atlanta, United States | 2004 | Jul 2025 | •••• | |
IT service management and business process automation platform | entaracorp.com | Chicago, United States | 2001 | Jun 2025 | •••• | |
Private cloud and data management services for alternative investment firms | tribeca-it.com | London, United Kingdom | 2006 | Jun 2024 | •••• | |
Cyber security, consulting, and risk assessment services are provided. | govanguard.com | New York, United States | 2013 | Jan 2023 | •••• | |
Cybersecurity, vulnerability assessment, and penetration testing services are provided. | gotham-security.com | New York, United States | 2013 | Jan 2023 | •••• | |
Salesforce consulting and managed IT services are provided for non-profits. | echots.com | San Francisco, United States | 2002 | Nov 2021 | •••• | |
IT management outsourcing services are provided for small businesses. | proactivetech.net | New York, United States | 2007 | Feb 2019 | •••• | |
Hosting, consulting, phone, and other services are provided globally. | hedgepoint.com | New York, United States | 2001 | Nov 2018 | •••• |
Complete acquisition details for Abacus Group
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Timeline of Abacus Group
12 dated milestones of Abacus Group across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Abacus Group is founded.
- Exit Acquired by Avnet.
- Funding First funding round.
- Acquisition Acquires HedgePoint.
- Acquisition Acquires Proactive Technologies.
- Acquisition Acquires ECHO Technology Solutions.
- Funding Latest funding round, Private Equity Round,.
- Acquisition Acquires Gotham Security.
- Acquisition Acquires GoVanguard.
- Acquisition Acquires Tribeca Technology.
- Acquisition Acquires Entara.
- Acquisition Acquires Medicus IT.
Competitors of Abacus Group
Abacus Group has 3 listed competitors in our database, 1 of them funded. They include Addepar, Genpact and 1&1 IONOS.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| addepar.com | 2009 | Mountain View, United States | $759.1M | 560 | Wealth management solutions are delivered for investment advisors. | |
| genpact.com | 1997 | New York, United States | 129,140 | Provider of end-to-end business process outsourcing services | ||
| ionos.com | 1988 | Chesterbrook, United States | 134 | Cloud infrastructure and hosting services are provided by 1&1 IONOS. |
Detailed competitors of Abacus Group
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Web traffic of Abacus Group
The website of Abacus Group (abacusgroupllc.com) receives about 16.3K visits a month.
- Monthly visits16.3K
▲ 25.8% vs previous month
Websites whose visitors overlap most with Abacus Group. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| infohedge.net | 100% | View details | |||
hfobserver.com | hfobserver.com | 99% | – | ||
| hedgefundjoblist.com | 99% | View details | |||
hfinone.com | hfinone.com | 99% | – | ||
| fundassociates.com | 99% | #11,336,827 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 17 similar websites and full traffic analytics for Abacus Group
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- 17 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in IT Services & Operations
3 companies that operate in the same segment as Abacus Group (IT Services & Operations) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
A cloud-based platform for incident management software is provided. | 2009 | San Francisco, California, United States | USD 173.6 M | USD 492.55 M | 4,473 | |
Unified IT management is delivered through a cloud-based platform. | 2004 | Santa Clara, California, United States | USD 83.7 M | USD 13.28 B | 26,290 |
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Related news about 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 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.
Abacus Group operates through Abacus Group, Llc.
Yes. Abacus Group was acquired by Avnet in October 2008.