Latest news with #AbacusGroup
Business Wire
15-07-2025
- Business
- Business Wire
Abacus Group and Medicus IT Merge to Create a Leading IT MSP/MSSP Serving Highly Regulated Clients
NEW YORK--(BUSINESS WIRE)--Abacus Group and Medicus IT, two leading providers of IT managed services with deep subject matter expertise in the highly regulated industries of financial services and healthcare respectively, today announced that they have merged. The transaction brings together two complementary, expert-driven organizations under a shared strategic vision to form a market-leading managed services and cybersecurity platform (MSP/MSSP) tailored to the comprehensive demands of two highly regulated industry sectors. While digital transformation and technology enablement is essential across all industries, financial services and healthcare face distinctive, high-stakes regulatory requirements for security, privacy, compliance, data governance and user experience. This merger addresses those challenges head-on—delivering scale and innovation while preserving the deep industry expertise on which clients rely. 'This merger unites two purpose-built market leading companies with shared values, complementary capabilities, and a commitment to excellence in highly regulated and intensely demanding market sectors,' said Anthony J. D'Ambrosi, CEO of Abacus and incoming CEO of the combined company. 'We will maintain and strengthen dedicated financial services and healthcare business units to ensure clients continue to benefit from our industry specific experience and domain expertise. This merger also accelerates our ability to scale and expand our innovation investments, especially concerning the rapidly emerging AI race.' 'We are excited to bring together the leading financial services-focused and healthcare-focused MSPs to form a new compliance-centric, market-leading MSP platform,' said Jonathon Bunt, Partner at FFL Partners. 'By combining expertise and resources, Abacus and Medicus are uniquely positioned to deliver even greater value and exceptional outcomes to clients, employees and shareholders alike.' Strategic Highlights of the Merger: Integrated leadership team drawing from both companies to guide the next phase of growth Continued commitment to financial services and healthcare vertical industry subject matter expertise in these regulated markets—preserving client intimacy and sector-specific capabilities Operational synergies and leverage through shared services, enhanced global infrastructure, and unified client success management practices Expanded capacity to innovate in areas such as AI and Cybersecurity Broader client base and geographic reach The combined company will remain focused on delivering unmatched, compliance-oriented services which address healthcare laws like HIPAA and financial industry regulations under bodies such as the SEC and FCA. This commitment, along with operational reliability, pragmatic innovation and exceptional client experiences, remains a hallmark of both Abacus' and Medicus' reputations. About Abacus Group Abacus Group is a global managed IT and cybersecurity service provider specializing in the unique needs of the financial services industry. With deep expertise in multi-cloud, compliance and IT-as-a-Service solutions, Abacus Group enables firms to operate securely, efficiently, and at scale. The innovative and award-winning multi-cloud abacusFlex platform delivers all technology and security needs as a service, empowering clients to meet evolving cybersecurity, regulatory compliance, and infrastructure requirements. Abacus Group supports clients across global financial markets, with dual headquarters in New York and London. For more information, visit About Medicus IT Medicus IT is a specialized IT service provider focused on the healthcare industry, offering a range of solutions to help healthcare organizations optimize their operations, grow their processes, and transform their practices. They are known for their expertise in cybersecurity, cloud solutions, and managed IT services, particularly tailored to the needs of healthcare providers. About FFL Partners FFL Partners is a leading middle-market private equity firm that has been investing in high-quality companies since 1997. FFL is a hyperspecialized, thematic investor focused on targeted areas where the firm has deep expertise and broad networks – specifically healthcare and tech-enabled services. The firm aims to partner with exceptional management teams and employs a high-engagement approach to accelerate growth at its businesses. FFL currently has over $6 billion of cumulative capital commitments.
Finextra
20-06-2025
- Business
- Finextra
Abacus Group acquires Entara to expand cybersecurity capabilities
Abacus Group, a leading IT Managed Services Provider ('MSP') and Managed Security Services Provider ('MSSP') to financial services firms globally, today announced it has acquired Entara, a Chicago-based IT MSP and MSSP serving financial services and other highly regulated, high-touch industries. This acquisition enhances Abacus Group's global reach and capabilities across cybersecurity, professional services, and digital infrastructure. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Complementing its deep financial services IT and security expertise, Abacus Group will extend Entara's specialized incident response capabilities to its clients and their portfolio companies, strengthening its layered defense approach and 24/7 cyber recovery support. Entara also brings a mature, AI-driven instance of the ServiceNow platform that will enhance the service experience and outcomes for all clients. The combination of Abacus Group and Entara enables the seamless, global extension of managed IT and cybersecurity services at scale, including the market-leading abacusFlex platform, to Entara's existing clients. This powerful combination benefits customers of all sizes, delivering premium and regulatory-compliant services to financial managers and large multinational organizations. Jonathan Bohrer, President, Abacus Group, said: 'I am delighted to welcome Entara and its clients to Abacus Group. Entara's reputation and long-standing client relationships align perfectly with our core values as we further establish Abacus Group as the premier provider of managed services and cybersecurity globally. We are committed to leadership, innovation, operational excellence and exceptional client experiences in our unique vertical markets, and this acquisition demonstrates just that. 'Together, our combined capabilities and footprint will unlock immense opportunities for clients, employees and shareholders. We look forward to working with the Entara team to ensure a seamless integration,' he said. Pam Diaz, CEO and President at Entara commented: 'We are excited to embark upon this collective journey as part of Abacus Group. Our shared customer service values and commitment to excellence will allow us to offer a broader range of premium services to our long-standing clients, as well as future prospective clients.' 'Our employees are some of the biggest winners in this deal,' added Diaz. 'They take immense pride in the innovative capabilities they have built around Incident Response and ServiceNow - solutions built on years of AI and automation research and development. With this next chapter, they'll have the opportunity to share those contributions within a larger organization, amplifying their impact at scale.' Linda Maclachlan, Founder and Owner of Entara, reflects on her decision to join forces: 'This combination creates something unique in the cybersecurity landscape—a provider that can scale from boutique, high-touch service to enterprise-grade global operations without losing the personal attention that builds lasting relationships. After building Entara for 24 years and growing it organically, I am filled with gratitude for our clients, our employees, and our extraordinary leadership team who have all been true partners in shaping this company.'
ABC News
25-04-2025
- Politics
- ABC News
VIDEO: Donald Trump 'changes the trajectory' of Canada's Federal Election
David Coletto from the Abacus Group discusses the Canadian election as the latest survey suggests the Liberals will win a majority.
Yahoo
06-03-2025
- Business
- Yahoo
March 2025's Global Undervalued Small Caps With Insider Buying
As global markets grapple with declining consumer confidence and persistent inflation, small-cap stocks have faced increased volatility, with indices like the Russell 2000 experiencing notable downturns. Despite these challenges, opportunities may arise for discerning investors who focus on companies exhibiting strong fundamentals and strategic insider buying, which can signal potential value amidst broader market uncertainties. Name PE PS Discount to Fair Value Value Rating Bytes Technology Group 19.3x 4.9x 24.14% ★★★★★★ Security Bank 4.7x 1.1x 32.30% ★★★★★☆ Puregold Price Club 9.1x 0.4x 26.01% ★★★★★☆ Speedy Hire NA 0.2x 27.18% ★★★★★☆ Hong Leong Asia 8.6x 0.2x 47.32% ★★★★☆☆ Gamma Communications 22.2x 2.3x 36.44% ★★★★☆☆ ABG Sundal Collier Holding 11.7x 1.9x 23.13% ★★★★☆☆ Franchise Brands 38.0x 2.0x 27.08% ★★★★☆☆ Optima Health NA 1.5x 45.05% ★★★★☆☆ Yixin Group 8.8x 0.8x -264.41% ★★★☆☆☆ Click here to see the full list of 116 stocks from our Undervalued Global Small Caps With Insider Buying screener. Let's review some notable picks from our screened stocks. Simply Wall St Value Rating: ★★★★★☆ Overview: Abacus Group is a diversified property investment and management company focusing on commercial, retail, and industrial assets with a market cap of A$2.5 billion. Operations: Abacus Group generates revenue primarily through its operations, with a notable gross profit margin reaching as high as 81.56% in recent periods. The company's cost structure includes significant operating expenses, which have fluctuated but recently stood at A$36.49 million. Non-operating expenses have also been substantial, impacting overall profitability with figures reaching up to A$369.83 million in certain quarters. Despite these costs, the company has experienced variations in net income margin over time, reflecting changes in both revenue and expense dynamics. PE: -9.9x Abacus Group, despite reporting a net loss of A$5.72 million for the half-year ending December 2024, shows promising growth potential with earnings projected to rise by 82% annually. Insider confidence is evident through recent share purchases. The company's reliance on external borrowing poses some risk; however, its strategic participation in events like the Mobile World Congress highlights an active pursuit of growth opportunities. With a dividend payout targeting up to 95% of FFO, Abacus maintains shareholder engagement amidst financial challenges. Click here to discover the nuances of Abacus Group with our detailed analytical valuation report. Explore historical data to track Abacus Group's performance over time in our Past section. Simply Wall St Value Rating: ★★★★★☆ Overview: Security Bank is a financial institution in the Philippines offering a range of services including retail, commercial, and corporate banking, with a market capitalization of approximately ₱102.06 billion. Operations: Security Bank generates its revenue primarily through interest income, with operating expenses accounting for a significant portion of its costs. The net income margin has shown variability over time, reaching 23.28% in the latest period. Operating expenses are consistently driven by general and administrative costs, which have been increasing over recent periods. PE: 4.7x Security Bank's recent earnings report shows a net income increase to PHP 11.24 billion from PHP 9.11 billion the previous year, with basic earnings per share rising to PHP 14.91 from PHP 12.08. Insider confidence is evident as John David G. Yap acquired over 55,000 shares valued at approximately PHP 4 million, suggesting potential optimism about future performance despite a high bad loans ratio of 3.4% and low allowance for bad loans at 83%. Navigate through the intricacies of Security Bank with our comprehensive valuation report here. Examine Security Bank's past performance report to understand how it has performed in the past. Simply Wall St Value Rating: ★★★☆☆☆ Overview: HBM Holdings focuses on the development of innovative therapies in tumor immunology and immune diseases, with a market cap of HK$1.65 billion. Operations: HBM Holdings generates its revenue primarily from the development of innovative therapies in tumor immunology and immune diseases, with a recent quarterly revenue of $72.21 million. The company has seen fluctuations in its net income margin, moving from negative to positive figures over time, reaching 0.29% as of the latest data point. Operating expenses are significant, with research and development being a major component at $29.80 million in the most recent period. PE: 26.3x HBM Holdings, a company with a strong foundation in antibody discovery, has recently engaged in strategic collaborations and licensing agreements to bolster its innovative therapeutic offerings. The partnership with Insilico Medicine aims to leverage AI for next-gen antibody applications, while the co-development of HBM9378/SKB378 targets COPD treatment. Insider confidence is evident as Jingsong Wang acquired 400,000 shares for approximately RMB 1.4 million between late 2024 and early 2025. Despite volatile share prices recently, these developments highlight potential growth avenues amidst high operational efficiency. Get an in-depth perspective on HBM Holdings' performance by reading our valuation report here. Review our historical performance report to gain insights into HBM Holdings''s past performance. Explore the 116 names from our Undervalued Global Small Caps With Insider Buying screener here. Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports. Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:ABG PSE:SECB and SEHK:2142. 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