Latest news with #Abacus
United News of India
19-07-2025
- Business
- United News of India
6th Indian Abacus Olympiad held
Chennai, July 19 (UNI) The sixth Indian Abacus Olympiad, a Math and Skill development Competition, was held at the sprawling Chennai Trade Centre at Nandambakkam in the city today. Students from Abacus centres different states of the country took part in this competition. A total of 2500 students had registered for their participation in the competition at different levels. The event comprised 6 batches of 480 students each who took part in the exam. Considering the 8 levels and 3 age groups, the event saw 24 Champions and 24 each of 1st Winner to 6th Winner. Around 25% of the students who participated got Near to Winner prizes based on the ranking they attained, along with gift items. Apart from all the participants will get the participants Certificate, Medal and consolation trophy, according to a press release. Indian Abacus Private Limited Chairman and Managing Director Dr N Basheer Ahamed said Dr S Shameem, Deputy Director, State Council of Educational Research and Tamil Nadu and Commissioner of Labour S A Raman were the chief guests for the inaugural and the valedictory respectively. The day long event concluded by honouring National level Champion of Champions for the year 2025, All India Best Franchisees, Well performing Franchisees and Well performing Abacus Tutors from different parts of the state. Dr Basheer Ahamed also announced that the Indian Abacus Pvt. Ltd. has been officially appointed as the WAAMA (World Association of Abacus and Mental Arithmetic, China), Council Member representing India. This recognition and appointment belong to every child who believed in the power of learning, to every parent and educator who supported our mission, and to every member of the Indian Abacus family, he said. "As we continue our journey, this honour strengthens our resolve to take Indian innovations to the global stage and to make India a leader in mental math education. "Thank you, WAAMA China, for this incredible recognition. And thank you, India, for trusting our vision, he added. UNI GV 1715
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.
Business Wire
15-07-2025
- Business
- Business Wire
Abacus and Medicus IT Merge, Creating The Leading Financial Services and Healthcare-focused IT Managed Services Platform
SAN FRANCISCO--(BUSINESS WIRE)--FFL Partners ('FFL'), a private equity firm focused on growth investments in tech-enabled business services and healthcare companies, today announced the completion of the merger of FFL portfolio companies Abacus Group and Medicus IT to launch a new multi-vertical IT Managed Services Provider ('MSP') exclusively focused on the financial services and healthcare industries. Financial terms of the transaction were not disclosed. 'We have seen significant demand from both prospective clients and investors for IT MSPs that are vertical experts in sectors where compliance and cybersecurity are paramount,' said Jonathon Bunt, Partner at FFL. 'By bringing together Abacus, the leading financial services-focused MSP, and Medicus IT, the leading healthcare-focused MSP, we are excited to create a financial services and healthcare-focused MSP powerhouse that can help compliance focused-clients achieve everything they need from an IT, cybersecurity, data and AI perspective.' 'The combination of Abacus and Medicus enables us to further scale our global suite of managed services across IT operations, multi-cloud, cybersecurity, devops, tech-enablement and AI capabilities to better serve our clients,' said Anthony J. D'Ambrosi, CEO of Abacus, who will lead the newly combined business. 'We are thrilled to partner with Medicus' talented team who bring deep healthcare IT industry expertise, along with a compliance-oriented mindset, to the combined company and share our enthusiasm and vision for serving clients and growing the business.' 'FFL has been an outstanding partner to both of our companies, and we believe this merger marks the start of an exciting new chapter for our combined organization,' said Chris Jann, Founder and CEO of Medicus IT. 'For Medicus, this combination unlocks meaningful growth opportunities and expands the depth and the breadth of technology, data and cybersecurity service offerings that we can deliver to our healthcare clients. As the healthcare compliance and cybersecurity environment grows more complex, we are uniquely positioned to empower our clients to thrive, protect their organizations, and lead with confidence in the face of change.' 'This merger validates our long-term focus on IT MSPs that began in 2019 when our proprietary Sector Exploration and Expertise Development ('SEED') value creation strategy identified vertically specialized IT MSPs as an attractive area for investment. This transaction is a win-win for Abacus and Medicus, providing the opportunity to expand the total addressable market and accelerate growth across both end markets, organically and inorganically,' added Cas Schneller, Managing Partner at FFL. FFL has strong experience investing in and growing outsourced IT services businesses through strategic acquisitions and organic growth initiatives. Past investments include ALKU, an Andover, Mass.-based IT & Life Sciences consulting firm, and Optomi Professional Services, a specialized provider of IT staffing, managed services and professional services. About FFL Partners FFL Partners is a leading middle-market private equity firm that has been investing in high-quality companies since 1997. Based in San Francisco, FFL is a hyperspecialized, thematic investor focused on targeted areas where the firm has deep expertise and broad networks. FFL employs a proprietary sourcing and value creation strategy called the Sector Exploration and Expertise Development ('SEED') process. 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. For additional information, please visit 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 committed to helping healthcare organizations leverage technology to optimize patient care and deliver better patient outcomes. Moving beyond traditional IT, Medicus helps its healthcare clients run their IT infrastructure, grow their operations, and transform their organizations. Headquartered in Alpharetta, Georgia, with service centers in New Jersey, Ohio, Florida, Arizona, California, and North Carolina, Medicus is one of the nation's top healthcare IT providers, serving over 6,500 providers, with more than 50,000 users across 2,500 locations. Follow us on X, LinkedIn, and Facebook. Together, we drive healthcare forward™.
Yahoo
15-07-2025
- Business
- Yahoo
Abacus Global Management to Announce Second Quarter 2025 Financial Results on Thursday, August 7, 2025
ORLANDO, Fla., July 15, 2025 (GLOBE NEWSWIRE) -- Abacus Global Management, Inc. ('Abacus' or the 'Company') (NASDAQ: ABL), a leader in the alternative asset management space, today announced it will release its second quarter 2025 financial results after the market closes on Thursday, August 7, 2025. Abacus will hold a conference call to discuss the financial results at 5:00 pm Eastern Time on August 7, 2025. A live webcast of the conference call will be available on Abacus' investor relations website at The dial-in number for the conference call is (844) 826-3033 (toll-free) or (412) 317-5185 (international). Please dial the number 10 minutes prior to the scheduled start time. A webcast replay of the call will be available at for one year following the call. About AbacusAbacus Global Management (NASDAQ: ABL) is a leading financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services. With a focus on longevity-based assets and personalized financial planning, Abacus leverages proprietary data analytics and decades of industry expertise to deliver innovative solutions that optimize financial outcomes for individuals and institutions worldwide. Contact: Investor Relations Robert F. Phillips – SVP Investor Relations and Corporate Affairsrob@ 290-1198 David Jackson – Managing Director of Investor Relationsdavid@ 299-0716 Abacus Public Relationspress@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Ottawa Citizen
27-06-2025
- General
- Ottawa Citizen
Deachman: To be Canadian is to 'come together and make the best of it'
Article content So what are the defining features of Canadianism? The top three in the most recent Abacus study were our politeness and kindness, cited by 17 per cent of participants; respect for diversity and inclusion (15 per cent); and unity and community support (10 per cent). None of these shows overwhelming consensus, however. Article content Ottawa-based Oksana Kishchuk, who conducted the surveys, says, 'There's a sense that there is a Canadian identity, but folks have a really hard time articulating what it is. I think the Canadian identity is that it isn't the same for everyone, but we can still rally around it.' Article content In March, Kishchuk asked Canadians what makes a strong Canada. The top three answers were shared values (37 per cent), a strong economy (36 per cent) and a strong democracy (34 per cent). Article content Beyond our reputation for being kind and welcoming, though, Kishchuk believes our 'shared values' actually vary greatly, depending on age, where people grew up or whether they were born here. Article content Article content Confusing? Absolutely. Helpful? Only as a starting point. It was time, I felt, to take my search for a national identity on the road (locally), and ask some Ottawans what they thought. Article content Luis Leigh, a Peruvian expat who's lived in Canada since 1971, told me our landscape is what's quintessentially Canadian. It made him take up painting, which is what he was doing when we met at Petrie Island. 'We have a beautiful country, with a landscape that's second to none.' Article content Others I spoke with similarly cited our affinity with the outdoors — or our love/hate relationship with the weather. 'We're always going to complain about it,' said Keira Conlin, 22, 'no matter what it is, but we are always going to rally. We're going to look forward to that first snowfall, to getting out on the ice. To make the best of it and come together as a community in all of those elements.' Article content Article content Both Conlin, who was at work at Wesley Clover Parks when we met, and Shayne Baylis, who had just played a game of pickup hockey at Sensplex West, cited sports as nation-building: In Baylis's case, hockey; in Conlin's, Olympic and other international competition. It's perhaps telling that, as the NHL playoffs winnow the field of contenders each year, many Canadians switch their allegiances to whichever Canadian teams remain in the hunt. Article content Leigh, meanwhile, recalled a Portuguese neighbour who proudly displayed a Canadian flag every Canada Day. 'I knew exactly why he was doing it. As an immigrant, you feel Canada is a country that's open and welcoming. Article content 'And it's happened to me so many times that I'm traveling in the world somewhere and somebody just asks, 'Are you Canadian?' I couldn't tell you how they know, but there is something that tells you someone's Canadian. The way they dress, the way they talk. We tend to be much more gentle and polite, and respectful of other people. Those are things that that are common to Canadians.'
