Abacus Group snaps up cybersecurity firms Gotham Security and GoVanguard
Abacus Group, an IT services provider for alternative investment firms, has acquired cybersecurity company Gotham Security along with its parent company, GoVanguard, for an undisclosed sum.
The new business will be known as Gotham Security and will be a subsidiary of Abacus Group but will continue to operate independently. Gotham Security’s current leadership team will also continue to lead the business post-acquisition.
Abacus Group says the deals mark “a milestone” in the company’s “expansion from a security-focused managed service provider (MSP) to a full-bodied managed security service provider (MSSP)”.
The company’s platform allows investment firms to host their operations on the cloud and source all their technology needs as a service. The firm says this cloud model enables companies “to scale on demand to meet current and future cybersecurity, storage, and compliance requirements”.
The addition of the Gotham Security business will enable the firm to expand its cybersecurity service offerings to include penetration testing, red teaming, tabletop exercises, risk and compliance gap assessments, and threat hunting services.
Gotham Security was founded in 2013 with headquarters in New York. It currently claims to work with “a growing number of Fortune 1000 companies across all major sectors of business, including multi-billion-dollar hedge funds, major insurance providers, international options trading exchanges, and more”.