Abacus Group, a leading provider of hosted IT solutions and application hosting for alternative investment firms, today announced that CRN^®, a brand of The Channel Company, has recognized Abacus Group for earning its 2018 Triple Crown Award. Abacus Group is one of just 46 solution providers in North America that reached the qualifying revenue, growth and technical expertise to be named on three of CRN’s prestigious solution provider lists, earning them the Triple Crown Award this year.

Each year, CRN announces rankings to distinguish solution providers who are outshining their peers in the IT channel. CRN considers it a great accomplishment for a solution provider to make any of its lists, and being named to all three lists deserved special acknowledgement. This year’s CRN Triple Crown Award winners rank among the largest IT solution providers by revenue in North America on the Solution Provider 500 list; are among the fastest growing organizations in the channel today on the Fast Growth 150 list; and have made the Tech Elite 250 list by receiving the highest level certifications from leading vendors.

“As Abacus Group celebrates its 10 year anniversary this year, we are proud to look back at the incredible growth, global expansion, and client wins we’ve achieved,” said Chris Grandi, CEO of Abacus Group. “We are thankful to The Channel Company for its recognition of our success and the high level of technical expertise we are known for providing, and look forward to continuing to deliver award-winning service to our clients.”

Originally founded in San Francisco in 2008, Abacus Group has grown into a global IT services firm, with seven offices across the U.S., a Europe division based in London (UK) and a current headcount of 117 employees. The company has established itself as the leading provider of cloud-based infrastructure solutions to the global investment management market, providing an enterprise technology platform specifically designed for the unique needs of the financial services industry. Recently, Abacus Group reported 20% growth in revenue (year-over-year), a 23% increase in number of end-users on its flagship IT-as-a-Service product, AbacusFLEXä, and a 28% increase in number of client firms on its cloud platform. 

“Each Triple Crown award-winner has simultaneously generated high enough revenue to be be ranked on the Solution Provider 500 List, achieved double- or triple-digit revenue growth for recognition on the Fast Growth 150, and devoted significant time and effort to top certifications to attain Tech Elite 250 status,” said Bob Skelley, CEO of The Channel Company. “Congratulations to each one of these high-achieving companies who continue to raise the bar for success in the IT Channel.”