Abacus adds cybersecurity offering

Abacus Group, a provider of hosted IT services for the alternative investment industry, has acquired boutique cybersecurity consulting companies Gotham Security and GoVanguard, with a view to rounding out its offering and becoming a full-bodied managed security service provider (MSSP).

Joined together as a new business, Gotham Security, the company will add cybersecurity consulting services to Abacus’s existing service offering. Abacus hopes to provide its clients with real-world, actionable insight, including penetration testing, red-teaming, tabletop exercises, risk and compliance gap assessments, and threat-hunting services.

This acquisition marks the next step in the parties’ decade-long business relationship.

“It’s fantastic to now join forces and take further strides in our own expansion from MSP to MSSP,” commented Abacus CEO Chris Grandi. “Abacus Group has always been committed to keeping our clients safe and secure, especially as the security and regulatory landscape continues to evolve in line with escalating cyber threats. Therefore, we are thrilled to be able to expand our cybersecurity capabilities and provide the full suite of services offered by Gotham Security to our customers and investors.”

Christian Scott, COO, CISO and partner at Gotham Security, added: “Alongside the close, collaborative working relationship we’ve developed with Abacus Group over the years, our shared mission to provide a broader scope of high quality cybersecurity and technology services to customers has been the key driving force behind our union under the same umbrella.”

On the transaction, Abacus was advised by Lowenstein Sandler, while GoVanguard and Gotham Security were counselled by Szaferman, Blumstein & Blader.