Abacus Group, a provider of hosted cloud IT solutions for alternative investment funds, has opened a second London data centre.
Tom Cole, director of client services and business development in London, says the new data centre will allow Abacus to provide resilient services to current clients and expand its capabilities to onboard more alternative investment funds.
Abacus currently serves 18 funds in the UK 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 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 says. “This expansion shows that Abacus sees London remaining an important centre of investment activity beyond the resolution of political relationships between the UK and the European Union.”