August 10, 2022

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

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

Edge Technologies Group will assist introduce Thrive’s award-winning Cyber, Cloud & Automation System into Asia even though amplifying their current North American & British isles Functions

FOXBOROUGH, Mass., June 30, 2022 /PRNewswire/ — Prosper, a premier supplier of Cybersecurity and Electronic Transformation Managed Solutions, introduced now that it has acquired Connecticut-primarily based Edge Technology Group, a top world engineering advisory and absolutely-managed IT services supplier for substitute investment decision managers. The acquisition of Edge Technology Team adds new world places of work and facts facilities throughout the United Kingdom, Australia, Singapore, Hong Kong, and the Philippines, strengthening Thrive’s worldwide presence for all clients. Edge customers, which includes hedge cash, private equity firms, loved ones places of work, and asset managers across the environment, will now reward from Thrive’s up coming-generation managed cybersecurity, collaboration, and cloud products and services.

Launched in 2007, Edge is a global technology advisory and fully managed Money Solutions IT services company that provides advisory solutions and cloud computing options to alternate expense administrators. Edge serves additional than 300 hedge fund, asset managers, non-public fairness, REIT, and wealth administration clientele, furnishing public cloud configurations that are made to tackle the unique organization desires of this disparate shopper foundation. Edge Technological innovation Group has 265 staff that consist of a staff of client-centered IT strategists and engineers.

“Edge Technology Group is the top Money Business MSP in the entire world,” mentioned Rob Stephenson, Thrive’s CEO. “Their talented engineering and account management teams will now have access to the Thrive Automation Platform and our 24x7x365 detailed suite of Cybersecurity SOC expert services to enhance the Edge consumer working experience.”

“As a founder-owned managed companies service provider, we are completely immersed in advancing clients’ alternative financial investment tactics through our IT advisory providers and cloud computing solutions,” claimed Jim Nekos, CEO, Edge Engineering Group. “Edge is thrilled to join the Prosper household as their customer-initially determination is beautifully aligned with ours and their highly developed cybersecurity, automation, collaboration and managed solutions system will expedite our customers’ Digital Transformation journey.”

By this acquisition, Prosper will now have about 1,000 staff members serving shoppers close to the planet, solidifying their situation as the main technological innovation outsourcing company for the Economical Business. Edge Know-how Group marks the fourth acquisition by Thrive in 2022 and cements Thrive’s world wide situation as a foremost engineering service provider providing stop-to-finish managed providers and unmatched skills to generate protected digital transformation.

Canaccord Genuity served as the exceptional money advisor to Edge. Dechert LLP served as legal counsel to Courtroom Square Capital. Alliance Bernstein, Morgan Stanley, NXT, Northwestern Mutual and Churchill offered funding for the transaction.

For more info on Prosper, go to thrivenextgen.com.

About Prosper

Thrive is a foremost provider of NextGen managed expert services built to generate business enterprise results by application enablement and optimization. The firm’s Prosper5 Methodology utilizes a exclusive blend of its Application Performance Platform and strategic companies to guarantee each and every small business application achieves peak efficiency, scale, uptime, and the highest degree of stability. For more information, thrivenextgen.com.

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About Edge Technology Team

Edge Technological innovation Group is a sector-targeted consultancy, exclusively representing alternate investment managers globally. Edge delivers thoroughly managed IT expert services and full cloud solutions. The company provides quick, versatile and proprietary remedies that fulfill the needs of hedge funds, non-public fairness corporations, spouse and children offices and asset managers worldwide. Edge has 8 areas across Asia Pacific, Europe and the US, such as Singapore, Hong Kong, Sydney, London, New York, San Francisco, Austin and Greenwich, CT.

About Court Square

Courtroom Square is a center market personal equity organization with a person of the most skilled financial commitment teams in the market. Since 1979, the crew has concluded above 235 investments, such as many landmark transactions, and has made a lot of companies into leaders in their respective marketplaces. Courtroom Sq. invests in businesses that have compelling advancement prospective within the enterprise services, basic industrial, health care, and technological know-how and telecommunications sectors. The firm has $7. billion of assets under management and is based mostly in New York, N.Y. For much more information and facts on Court Square, remember to visit www.courtsquare.com.

MEDIA Make contact with:

Patrick Reilly

Zer0 to 5ive for Thrive

[email protected] 

732-687-4683

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Source Prosper