Abacus Group, an IT Managed Services Provider (MSP) and Managed Security Services Provider (MSSP) for highly regulated industries, has opened a new office in Dubai as part of its expansion into the UAE.

Over the past 18 months, Abacus has seen the number of its clients with a presence in the UAE double to over 25.

The company is also engaging with early-stage asset managers choosing the country as their primary location. Growth in Dubai and the wider UAE has been driven by a stable regulatory environment, increasing capital availability, rising non-oil trade, and a business-friendly climate.

The new office aims to meet demand for local IT and cybersecurity services.

Located in Dubai International Financial Centre (DIFC), Abacus’s first Middle East office positions the company within the region’s financial and technology ecosystem.

The company will support financial services firms operating within DIFC with IT and cybersecurity services, including its abacusFlex platform, emergency incident response, and red team offerings, ensuring compliance with local legal and regulatory frameworks.

Tom Cole, Managing Director of EMEA at Abacus Group, said:

“Dubai has emerged as a leading destination for the world’s top alternative investment managers, all seeking expertise and presence on the ground backed by global reach and capability. Abacus is uniquely positioned to deliver exactly that. In addition, we provide enterprise-grade IT and cybersecurity support to smaller firms in the city that have previously found it difficult to access the level of premier protection and expertise that we can provide.”

Establishing a physical presence also allows Abacus to relocate experienced staff from the UK and US while hiring local IT and cybersecurity professionals.

Featured image credit: Edited by Fintech News Middle East, based on image by EyeEm via Freepik