Thrive Acquires Edge Technology Group to Become the Leading Cybersecurity Managed Services Provider for the Global Financial Community | News

Edge Technological innovation Team will enable introduce Thrive’s award-successful Cyber, Cloud & Automation Platform into Asia though amplifying their current North American & British isles Functions

FOXBOROUGH, Mass., June 30, 2022 /PRNewswire/ — Thrive, a premier supplier of Cybersecurity and Digital Transformation Managed Services, introduced nowadays that it has obtained Connecticut-dependent Edge Technologies Group, a main world wide technological know-how advisory and fully-managed IT assistance company for substitute financial commitment administrators. The acquisition of Edge Technology Group provides new global places of work and details facilities throughout the United Kingdom, Australia, Singapore, Hong Kong, and the Philippines, strengthening Thrive’s global presence for all shoppers. Edge customers, such as hedge resources, personal fairness corporations, family members offices, and asset managers across the entire world, will now gain from Thrive’s next-generation managed cybersecurity, collaboration, and cloud products and services.

Started in 2007, Edge is a world engineering advisory and absolutely managed Economic Companies IT assistance company that provides advisory services and cloud computing options to different financial commitment managers. Edge serves more than 300 hedge fund, asset managers, private equity, REIT, and prosperity management clientele, delivering public cloud configurations that are developed to deal with the unique enterprise desires of this disparate shopper foundation. Edge Know-how Team has 265 workers that involve a team of client-centered IT strategists and engineers.

“Edge Technological innovation Team is the main Fiscal Market MSP in the globe,” claimed Rob Stephenson, Thrive’s CEO. “Their talented engineering and account management groups will now have entry to the Thrive Automation Platform and our 24x7x365 thorough suite of Cybersecurity SOC companies to improve the Edge customer working experience.”

“As a founder-owned managed solutions service provider, we are fully immersed in advancing clients’ different expense procedures via our IT advisory companies and cloud computing alternatives,” stated Jim Nekos, CEO, Edge Technological innovation Group. “Edge is thrilled to be a part of the Thrive spouse and children as their customer-to start with dedication is perfectly aligned with ours and their advanced cybersecurity, automation, collaboration and managed products and services system will expedite our customers’ Digital Transformation journey.”

Via this acquisition, Prosper will now have around 1,000 personnel serving shoppers around the entire world, solidifying their placement as the top know-how outsourcing company for the Economical Market. Edge Technological know-how Team marks the fourth acquisition by Prosper in 2022 and cements Thrive’s worldwide posture as a leading engineering service provider delivering end-to-conclude managed services and unmatched skills to drive secure digital transformation.

Canaccord Genuity served as the special fiscal advisor to Edge. Dechert LLP served as authorized counsel to Courtroom Sq. Cash. Alliance Bernstein, Morgan Stanley, NXT, Northwestern Mutual and Churchill provided financing for the transaction.

For a lot more facts on Thrive, visit thrivenextgen.com.

About Prosper

Prosper is a major provider of NextGen managed companies intended to generate business enterprise results by software enablement and optimization. The firm’s Thrive5 Methodology utilizes a exceptional blend of its Software Overall performance Platform and strategic expert services to assure each enterprise application achieves peak functionality, scale, uptime, and the optimum amount of security. For much more information and facts, thrivenextgen.com.

Thrive: LinkedIn, Twitter, Facebook, YouTube and Instagram

About Edge Technologies Team

Edge Know-how Team is a sector-centered consultancy, completely representing alternative financial commitment supervisors globally. Edge offers completely managed IT products and services and entire cloud alternatives. The business provides immediate, versatile and proprietary solutions that fulfill the desires of hedge funds, non-public fairness firms, loved ones workplaces and asset supervisors worldwide. Edge has 8 locations across Asia Pacific, Europe and the US, which includes Singapore, Hong Kong, Sydney, London, New York, San Francisco, Austin and Greenwich, CT.

About Courtroom Square

Court Sq. is a middle sector non-public equity agency with just one of the most skilled expenditure teams in the field. Because 1979, the workforce has done over 235 investments, which include several landmark transactions, and has produced various organizations into leaders in their respective marketplaces. Court docket Square invests in businesses that have compelling advancement likely inside the business enterprise products and services, common industrial, health care, and know-how and telecommunications sectors. The company has $7. billion of property less than administration and is primarily based in New York, N.Y. For additional details on Courtroom Sq., make sure you visit www.courtsquare.com.

MEDIA Get hold of:

Patrick Reilly

Zer0 to 5ive for Thrive

[email protected] mail4pr.com 

732-687-4683

Perspective initial content material to obtain multimedia:https://www.prnewswire.com/information-releases/thrive-acquires-edge-engineering-group-to-come to be-the-foremost-cybersecurity-managed-products and services-provider-for-the-worldwide-economic-group-301578523.html

Source Prosper