Abacus Group, a leading provider of hosted cloud IT solutions for alternative investment funds, today announced a major expansion of its services in London, including the opening of a second London data center.
Tom Cole, Director of Client Services and Business Development in London, said the new data center will allow us to provide resilient services to our current clients as well as expand Abacus’s capabilities to onboard more alternative investment funds. Abacus currently serves 18 funds in the United Kingdom Region and more than 300 globally. The company’s employee count recently exceeded 100. Abacus, co-headquartered in San Francisco and New York, is adding London to its current ever growing list of locations in Boston, Charlotte, Greenwich, Los Angeles and Dallas.
“Abacus’s investment in the London market demonstrates our goal to provide a global, comprehensive technology platform for the alternative investment space.” Cole said, adding: “This expansion shows that Abacus sees London remaining an important center of investment activity beyond the resolution of political relationships between the UK and the European Union.”
Contributed | what does this mean?