Industry Professional services Headquarters Lahore, Pakistan | Founded 1987 | |
Type Private limited company Area served Worldwide, with focus on Middle East, North Africa, South Asia (MENASA) Key people Asad Ali Khan, Founder and President | ||
Abacus Consulting Technology (Private) Limited, (also known as Abacus or Abacus Consulting), is a global professional services company providing management consulting, technology and outsourcing services. Based out of Pakistan, Abacus is the largest firm of its kind in the country, both in terms of revenue and staff numbers, and one of the largest in South Asia.
Contents
- History and name changes
- Operations
- Partnerships associations and memberships
- Awards and honors
- References
Having an overall employee strength of over 2500, Abacus has 12 offices in the MENASA region through which it serves clients in three continents and 22 countries. Within Pakistan, Abacus serves 23 out of 35 Fortune 100 companies operating in the country, with 150 to 300 clients entertained each year. Abacus has over 400 specialist consultants, and 1200 completed projects.
History and name changes
Abacus was established in 1987 by the current President, Mr. Asad Ali Khan, primarily as a management consulting firm that offered mainly finance related services such as financial analysis, business advisory and economic feasibility studies for new and existing business set-ups and projects.
In 1991 Abacus was admitted as an associate member of Coopers & Lybrand International network, changing name to Abacus Coopers & Lybrand, and then Coopers & Lybrand Consulting. in 1997, Coopers & Lybrand and Price Waterhouse announced plans to merge, creating PricewaterhouseCoopers (PwC). In Pakistan, the merger formalities were also initiated and completed by June 2000. Consequently, Abacus became the consulting arm of PricewaterhouseCoopers, and became known as PwC Consulting.
In October 2003, Abacus dissociated itself with PwC after some of history's biggest accounting scandals that redefined the global regulatory environment for consulting and audit firms, restoring its name to Abacus Consulting.
Operations
Abacus divides its services as Consulting, Technology and Outsourcing.
Partnerships, associations and memberships
SAP: In 2005, Abacus entered into a partnership with SAP for SAP All-in-One services involving software licensing and system integration, implementation, support and academy services. Subsequently, SAP services were extended to Business-One solutions aimed at the SME sector with a B-1 Competency Center.
MERCER: In 2005, Abacus entered into an alliance with Mercer to represent them in Pakistan. Abacus was to deliver a database that provides Human Capital advice and facilitation to organizations.
Fragomen: In 2008 Abacus entered into a joint venture with Fragomen to provide corporate migration, mobility and deployment solutions in the MENA Region.
AMCF: Abacus is a member of the Association of Management Consulting Firms (AMCF), which is an international association of firms engaged in the practice of consulting and management.
AllWorld Network: Abacus is a member of the AllWorld Network.
Awards and honors
Abacus won the SAP APJ Regional Partner Excellence Award as "Top Partner" in 2013, also securing a high placing among AllWorld Fast Growth Pakistan 25, AllWorld Fast Growth Arabia 500 Networks, and ROZEE.PK Top Employer Ranking. President Abacus, Mr. Asad Ali Khan, received "Australian Alumni Excellence Award 2013" and also featured in "100 Business Leaders of Pakistan", a book by Manager Today.