It has been announced that Abacus Group, the leading Managed Services Provider ("MSP") for alternative investment firms, has opened a new office in Edinburgh to expand its research and development and customer support capabilities while leveraging the rich talent pool available in the area in order to expand their research and development capabilities. In the past year, the company has grown its revenues by 15%, building on the growth of 21% recorded in 2022 with the strategic move.
The new office is already in use by a number of Abacus employees, and the company expects to fill additional roles by early 2024 in order to support projected growth of 19%, as well as providing new jobs to the local community as well.. It is expected that Abacus will use its Edinburgh facility as a base for recruiting security analysts, cloud architects and systems engineers as it looks to increase headcount by between 10 to 20 percent this year. In addition, it offers job postings for a wide variety of customer service roles, as well as help desk support positions to prospective candidates.
It is expected that Abacus will use its Edinburgh facility as a base for recruiting security analysts, cloud architects and systems engineers as it looks to increase headcount by between 10 to 20 percent this year. In addition, it offers job postings for a wide variety of customer service roles, as well as help desk support positions to prospective candidates.
Choosing Edinburgh as the destination was based on the fact that the city provides emerging talent with an opportunity to gain experience in the field. Known for its highly skilled and diverse workforce, as well as its research and innovation capabilities, especially in sectors such as technology and finance, the city is renowned for its leadership in research and innovation. With the intention of getting involved in graduate recruitment schemes in the future, Abacus will actively be contacting universities in and around Edinburgh in order to speak with them.
I am very pleased to announce that Abacus Group has discovered that the Edinburgh area has a wealth of cyber-security talent. Managing Director, UK & Europe, Tom Cole, explained: "We discovered that there is a great deal of talent coming through the education system in Scotland, and the new office allows us to capture this talent directly."
With the opening of the office, the company is aiming to achieve sustainable growth, driven by the demand from clients in Scotland; the wider UK, as well as by the opportunity to provide support to clients in other parts of the EU, after the company expanded its clientele significantly in 2023. Additionally, it serves as a strategic extension of the Abacus London office, with a staff of over 40 people who have been working in London for years.
In Cole's words, Abacus is growing rapidly in the UK as a result of its quality of service and delivery. As a company dedicated to client satisfaction, we are expanding our capabilities to provide a consistently high level of quality to customers throughout the country by opening up the new Edinburgh office. In addition to that, it gives us a presence in Scotland, and we are ready to offer our expertise to financial firms that are regulated in the region."
A new office will be built in the next 12-24 months and will accommodate 15 employees, with plans to consider larger office options in the near future.

Source prnewswire