When was Abacus Group founded?

Abacus Group was founded in 2008 and raised its 1st funding round 9 years after it was founded.

Where is Abacus Group located?

Abacus Group is headquartered in New York City, United States.

How many employees does Abacus Group have?

As of Mar 31, 2026, the latest employee count at Abacus Group is 614.

Is Abacus Group a funded company?

Abacus Group is a funded company, having raised an undisclosed amount across 3 funding rounds to date. The company's 1st funding round was a $***** PE round, raised on Jul 19, 2017.

When was the latest funding round of Abacus Group?

Abacus Group's latest funding was a $***** PE round on Jun 29, 2022, with participation from 1 investor. Its primary sector is IT Services. In United States, the IT Services sector has seen $2.69B in funding in 2026 to date.

Where does Abacus Group rank among its competitors?

Abacus Group ranks 230th amongst 153459 active competitors, of which 1008 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Accenture, which secured an undisclosed amount in Mar, 2024.

Who are the top competitors of Abacus Group?

Abacus Group's top competitors include IBM, UST and Virtusa. Among them, Accenture secured the most recent funding round in March, 2024.

Abacus Group - 2026 Company Profile, Team, Funding & Competitors

Q: Is Abacus Group an acquired company?

Abacus Group got acquired by Avnet on Oct 10, 2008.

Abacus Group is an acquired company based in New York City (United States), founded in 2008 by Allen Stern and Chris Grandi. It operates as a Provider of managed information technology and cybersecurity services for businesses. Abacus Group has raised an undisclosed amount in funding from WestView Capital and FFL Partners. The company has 153459 active competitors, including 1008 funded and 7863 that have exited. Its top competitors include companies like IBM, UST and Virtusa.

Company Details

Provider of managed information technology and cybersecurity services for businesses. The company delivers a suite of services including cybersecurity advisory, risk, and compliance. It offers vulnerability management, incident response, and security policy development. The company also provides services such as penetration testing and social engineering testing.

Website: abacusgroupllc.com
Social
Email ID: *****@abacusgroupllc.com

Key Metrics

Founded Year

2008

Location

New York City, United States

Stage

Acquired

Latest Funding Round

PE, Jun 29, 2022, $*****

Investors

WestView Capital & 2 more

Ranked

230^th among 153459 active competitors

Employee Count

614 as on Mar 31, 2026

Investment & Acquisitions

Medicus IT & 9 more

Similar Companies

IBM & 177145 more

Exit Details

Acquired by Avnet (Oct 10, 2008)

View Abacus Group's full profile

Abacus Group is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
THE ABACUS GROUP, LLC CIN: 13-3972572 , United States, Active	Dec 31, 2007	-	38 (As on Dec 31, 2016)	-
ABACUS GLOBAL HOLDINGS, INC. CIN: 272597051 , United States, Active	Dec 31, 1999	-	28 (As on Dec 31, 2018)	-

Abacus Group got acquired by Avnet on Oct 10, 2008 at an acquisition amount of $*****.

Click here to take a look at Abacus Group's acquisition in detail

Abacus Group has raised funding over 3 rounds. Its first funding round was on Jul 19, 2017. Its latest funding round was a PE round on Jun 29, 2022 for $*****. 1 investor participated in its latest round. Abacus Group has 3 institutional investors.

Here is the list of recent funding rounds of Abacus Group:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 29, 2022	9395207	PE	9497504	6866769	6089453	8649512
Jul 19, 2017	9086357	Conventional Debt	1337254	5521026	5390973	Abacus Finance Group
Jul 19, 2017	3684753	PE	3714436	9625854	WestView Capital	6385810

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View details of Abacus Group's funding rounds and investors

The founders of Abacus Group are Allen Stern and Chris Grandi.

Here are the details of Abacus Group's key team members:

Allen Stern: Founder, President of Abacus Group and founder of 1 other company.
Chris Grandi: CEO & Founder of Abacus Group.

View details of Abacus Group's Founder profiles and Board Members

Abacus Group's employee count trend

Abacus Group has 614 employees as of Mar 26. Here is Abacus Group's employee count trend over the years:

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Top competitors of Abacus Group include IBM, UST and Virtusa. Here is the list of Top 10 competitors of Abacus Group, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	IBM 1911, Armonk (United States), Public	Provider of hybrid cloud, artificial intelligence, and IT consulting services	-	Berkshire Hathaway, Runway & 23 others	78/100
2nd	UST 1998, Aliso Viejo (United States), Late Stage	Provider of data analytics, cloud modernization, management strategy, and digital transformation services	$250M	Temasek, MFAR & 1 others	76/100
3rd	Virtusa 1996, Westborough (United States), Acquired	IT services company	$45.2M	EQT, Back Bay Group & 8 others	76/100
4th	Infosys 1981, Bengaluru (India), Public	Provider of consulting, data analytics, and IT services	-	Nepean Capital, Seaside Private Capital	74/100
5th	Sutherland 1986, Pittsford (United States), Late Stage	Provider of business process and technology management services	$60M	Affirma Capital, Oak Investment Partners & 3 others	74/100
6th	Endava 2000, London (United Kingdom), Public	Provider of digital transformation services using artificial intelligence and automation	-	M\|C Partners, Europa	74/100
7th	Datamatics 1975, Mumbai (India), Public	Provider of digital technologies, business process management, analytics, and automation services	$3M	IIML	74/100
8th	Mindtree 1999, Bengaluru (India), Acquired	Consulting and implementations company	$23.9M	Global Technology Ventures, Walden Israel ... & 9 others	73/100
9th	Happiest Minds Technologies 2011, Bengaluru (India), Public	Provider of IT suite services	$64.5M	Canaan, Trident Trust & 33 others	73/100
10th	Accenture 1989, Dublin (Ireland), Public	Provider of IT consulting, technology, and outsourcing services	-	ngn-capital.com, Bondeinvest.com & 6 others	73/100
230th	Abacus Group 2008, New York City (United States), Acquired	Provider of managed information technology and cybersecurity services for businesses	-	Abacus Finance Group, WestView Capital & 1 others	55/100

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Abacus Group has not made any investments yet. Abacus Group has made 10 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jul 31, 2025	Acquisition	Medicus IT	2004	Atlanta (United States)
Jun 18, 2025	Acquisition	Entara	2001	Chicago (United States)
Jul 10, 2024	Acquisition	Medicus IT	2004	Atlanta (United States)