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

Edge Technology Team will support introduce Thrive’s award-profitable Cyber, Cloud & Automation System into Asia whilst amplifying their present North American & Uk Functions

FOXBOROUGH, Mass., June 30, 2022 /PRNewswire/ — Prosper, a leading company of Cybersecurity and Digital Transformation Managed Companies, announced nowadays that it has acquired Connecticut-dependent Edge Technological know-how Group, a major international engineering advisory and thoroughly-managed IT company provider for option investment supervisors. The acquisition of Edge Technological innovation Group adds new global places of work and data facilities throughout the United Kingdom, Australia, Singapore, Hong Kong, and the Philippines, strengthening Thrive’s global existence for all shoppers. Edge customers, which includes hedge resources, private equity companies, family workplaces, and asset supervisors across the earth, will now reward from Thrive’s upcoming-generation managed cybersecurity, collaboration, and cloud products and services.

Founded in 2007, Edge is a international technologies advisory and thoroughly managed Financial Expert services IT assistance provider that provides advisory solutions and cloud computing options to alternative financial commitment supervisors. Edge serves more than 300 hedge fund, asset professionals, private fairness, REIT, and wealth administration clientele, providing general public cloud configurations that are intended to tackle the unique business enterprise demands of this disparate customer foundation. Edge Technological know-how Team has 265 staff members that consist of a crew of shopper-centered IT strategists and engineers.

“Edge Technological innovation Group is the primary Financial Field MSP in the planet,” mentioned Rob Stephenson, Thrive’s CEO. “Their talented engineering and account administration groups will now have access to the Thrive Automation System and our 24x7x365 complete suite of Cybersecurity SOC products and services to enhance the Edge consumer expertise.”

“As a founder-owned managed companies service provider, we are absolutely immersed in advancing clients’ substitute expense techniques via our IT advisory companies and cloud computing remedies,” said Jim Nekos, CEO, Edge Technological know-how Group. “Edge is thrilled to be a part of the Thrive loved ones as their client-initial determination is properly aligned with ours and their superior cybersecurity, automation, collaboration and managed solutions system will expedite our customers’ Digital Transformation journey.”

Through this acquisition, Thrive will now have in excess of 1,000 staff serving shoppers close to the globe, solidifying their placement as the leading technologies outsourcing service provider for the Money Business. Edge Technological know-how Group marks the fourth acquisition by Prosper in 2022 and cements Thrive’s global placement as a foremost know-how provider offering conclusion-to-stop managed services and unmatched expertise to push secure digital transformation.

Canaccord Genuity served as the exclusive money advisor to Edge. Dechert LLP served as authorized counsel to Court Square Money. Alliance Bernstein, Morgan Stanley, NXT, Northwestern Mutual and Churchill presented financing for the transaction.

For additional information on Thrive, visit thrivenextgen.com.

About Thrive

Thrive is a major company of NextGen managed services intended to travel organization results via software enablement and optimization. The company’s Thrive5 Methodology utilizes a one of a kind blend of its Software Functionality Platform and strategic solutions to guarantee each individual business enterprise application achieves peak functionality, scale, uptime, and the highest stage of protection. For far more facts, thrivenextgen.com.

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About Edge Know-how Team

Edge Know-how Group is a sector-focused consultancy, solely representing alternative expense supervisors globally. Edge features totally managed IT services and total cloud solutions. The firm provides quick, flexible and proprietary methods that fulfill the wants of hedge resources, personal fairness firms, family members offices and asset professionals throughout the world. Edge has 8 spots across Asia Pacific, Europe and the US, which includes Singapore, Hong Kong, Sydney, London, New York, San Francisco, Austin and Greenwich, CT.

About Court Square

Courtroom Sq. is a center market personal equity company with a person of the most knowledgeable expense teams in the business. Considering the fact that 1979, the workforce has accomplished about 235 investments, like various landmark transactions, and has made a lot of organizations into leaders in their respective markets. Court docket Square invests in corporations that have persuasive expansion opportunity in just the business products and services, typical industrial, healthcare, and engineering and telecommunications sectors. The firm has $7. billion of assets below administration and is primarily based in New York, N.Y. For much more facts on Court docket Square, remember to visit www.courtsquare.com.

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