Proactive Technologies

Abacus Group Has Acquired Proactive Technologies NEW YORK, February 13, 2019 – Abacus Group, a global provider of IT services for alternative investment firms, today announced it has completed the acquisition of competitor Proactive Technologies. The two companies will merge under the Abacus Group umbrella, combining their leading-edge technologies, similar philosophies of premium customer service, operational synergies and talent pools. Since its founding in 2007, Proactive has grown to service over 120 alternative investment clients, mostly in the New York City area. As a result of the acquisition, Abacus Group, which as of year-end 2018 services over 400 clients across the US and the UK, will now be the largest IT managed service provider specialized in alternative investment firms in the New York metropolitan region, based on client count. For year-end 2018, Abacus Group and Proactive Technologies reported 23% and 18% year-over-year revenue growth, respectively. Founded in 2008, Abacus currently has over 125 employees across eight offices, in New York, NY; San Francisco, CA; Boston, MA; Dallas, TX; Greenwich, CT; Los Angeles, CA; Charlotte, NC; and London, England. Proactive has over 45 employees, the majority of which are New York-based and will move into Abacus’ newly renovated headquarters in midtown Manhattan. Jacob Cane, president and co-founder of Proactive, and Dave Cava, COO and co-founder of Proactive, have joined Abacus’ leadership team as Managing Directors, and will assist with facilitating the integration of Proactive’s employees and clients into Abacus’ systems over the next nine to 12 months. Proactive clients will eventually be able to take advantage of an extensive menu of leading-edge technologies and solutions available on the Abacus Cloud platform, including a hosted voice service, application hosting, 24x7 helpdesk, dedicated cybersecurity team, global presence and a suite of compliance tools within the proprietary Abacus Client Portal.

Website

http://www.abacusgroupllc.com/news/abacus-group-acquires-proactive-technologies

External link for Proactive Technologies

Industry

Computer Networking

Company size

11-50 employees

Headquarters

New York, NY

Type

Privately Held

Founded

2007

Specialties

Compliance, Disaster Recovery, Relocations, Start Ups, Microsoft, Cisco, VMware, and IT for Hedge Funds