Abacus Group Launches New Office in Dubai to Expand Middle Eastern Operations

Abacus Group's Strategic Move into Dubai

Abacus Group, a renowned provider of IT Managed Services and Managed Security Services, has recently inaugurated a new office in Dubai. This significant step is part of their strategic efforts to expand operations within the United Arab Emirates (UAE). The company's development plans come amid rising client demand in the region, particularly from firms in highly regulated industries seeking first-rate IT and cybersecurity solutions.

Over the last 18 months, Abacus has closely assessed opportunities in the UAE market. The firm's existing clientele in the region has more than doubled, now exceeding 25 clients, which includes a surge in early-stage asset managers establishing their presence in the UAE. This trend highlights Dubai's growing appeal as a business hub, bolstered by its favorable regulatory environment and increasing capital inflows.

The newly opened office is strategically located within the Dubai International Financial Centre (DIFC), the premier financial hub for the Middle East, Africa, and South Asia. Abacus's presence in DIFC firmly positions the company within Dubai’s flourishing business and technological landscape. By aligning with DIFC, Abacus aims to augment the technical and cybersecurity capabilities of financial services companies operating in the area, thus integrating into the evolving financial community.

Tom Cole, Managing Director of EMEA at Abacus Group, articulated the importance of Dubai in the global alternative investment management sector. He noted that the city attracts top investment managers, emphasizing the necessity for localized expertise coupled with a global reach. Abacus is well-equipped to provide extensive IT and cybersecurity support tailored to both large and smaller firms in Dubai, regardless of their scale.

Moreover, Salmaan Jaffery from DIFC Authority expressed enthusiasm about Abacus's decision to set up operations within their jurisdiction. He highlighted that this move underscores Dubai's status as a key financial center, capable of hosting innovative ideas and robust infrastructures that attract diverse financial institutions.

Abacus is set to offer its complete suite of IT and cybersecurity services to businesses in Dubai and the broader UAE region. This includes their advanced abacusFlex platform and specialized emergency incident response services, all designed to ensure compliance with local regulations while actively mitigating cyber threats.

The establishment of the Dubai office brings additional prospects for Abacus's existing workforce and opens the door for new talent in the IT and cybersecurity sectors. As part of its commitment, Abacus plans to relocate some of its top leaders from the UK and US to cultivate a strong operational foundation within Dubai.

In tandem, the company recognizes the local talent pool’s potential, viewing it as an opportunity to nurture emerging professionals who can provide enhanced value to clients. Cole is optimistic about leveraging both local educational institutions as well as international talent to strengthen the workforce's capabilities.

About Abacus Group

Abacus Group is a dual vertical managed service provider focused on serving the IT and cybersecurity needs of financial services and healthcare organizations. Their comprehensive offerings encompass managed IT services, disaster recovery solutions, hosting, help desk support, and complete software lifecycle services via an integrated platform. For more details, visit www.abacusgroupllc.com.

About Dubai International Financial Centre (DIFC)

DIFC stands as one of the most advanced financial hubs globally, connecting the Middle East, Africa, and South Asia to markets in Asia, Europe, and the Americas. With an extensive network of active registered companies, DIFC is committed to driving innovation in finance and fostering growth through state-of-the-art technology and partnerships. More information can be gathered from DIFC's website.