Abacus Group, the Managed Services Provider (“MSP”) to alternative investment firms, announced the opening of a new office in central Edinburgh, to expand its research and development and customer support capabilities, while leveraging the rich local talent pool in the area.
The strategic move follows the company’s 15% revenue growth in 2023, building on the 21% recorded in 2022.
New office
The new office is already being utilised by several employees, and Abacus expects to fill additional roles by early 2024 to support the projected growth of 19%, while having the added benefit of providing new jobs to the area.
As it looks to increase headcount by 10-20% in 2024, Abacus anticipates using its Edinburgh facility as a base to recruit security analysts, cloud architects, and systems engineers, in addition to offering prospective candidates posts in a wide range of customer service, or helpdesk support roles.
A skilled and diverse workforce
Abacus will actively be speaking to universities to get involved in graduate recruitment
Key to the decision to opt for Edinburgh is the opportunity the city provides to support emerging talent looking to get into the sector.
The city has a reputation for having a highly skilled and diverse workforce and is renowned for its research and innovation, especially in sectors such as technology and finance.
Abacus will actively be speaking to universities in and around the Edinburgh region, to get involved in graduate recruitment schemes in the future.
Cyber-security expertise
Tom Cole, Managing Director, UK & Europe, Abacus Group, said, “We uncovered that there is a rich pool of cyber-security expertise in the Edinburgh area."
He adds, "There is a consistent cadence of talent coming through the education system in Scotland and the new office directly enables us to capture a share of those skills.”
Sustainable growth
It acts as a strategic extension of Abacus’s London office, backed by the expertise of the 40+ strong team
The office opening forms part of the company’s ambition for sustainable growth, driven by demand from clients in Scotland; and the wider UK and the opportunity to extend support to clients across the EU, after it expanded its client base significantly in 2023.
It also acts as a strategic extension of Abacus’s London office, backed by the expertise of the 40+ strong team based in the English capital.
Service and delivery
According to Cole, “Abacus is growing strongly in the UK through our quality of service and delivery. We are laser-focused on client satisfaction and the new Edinburgh office extends our capability to provide a consistently high level of quality to our customers throughout the UK."
He adds, "Critically though, it gives us a presence in Scotland, and we are ready to bring our expertise to regulated financial firms across the region.”
The new office will accommodate 15 employees, with plans to be considering larger office options in the next 12-24 months.
