Thrive Acquires Edge Technology Group to Strengthen Cybersecurity for Investment Firms

Thrive, a provider of managed cybersecurity and digital transformation services, is acquiring Connecticut-based Edge Technology Group, a global leader in technology consulting and a provider of fully managed IT services for alternative investment managers.

The acquisition of Edge Technology Group adds new global offices and data centers in the UK, Australia, Singapore, Hong Kong and the Philippines, further strengthening Thrive’s international presence for all customers.

Edge customers, including hedge funds, private equity firms, family offices, and asset managers around the world, will now benefit from Thrive’s next-generation cybersecurity, collaboration, and managed cloud services.

“Edge Technology Group is the world’s leading financial industry MSP,” said Rob Stephenson, CEO of Thrive. “Their talented engineering and account management teams will now have access to the Thrive Automation Platform and our comprehensive suite of 24x7x365 cybersecurity SOC services to enhance the Edge customer experience.”

With this acquisition, Thrive will now have more than 1,000 employees serving clients around the world, strengthening its position as the leading technology outsourcing provider for the financial industry.

Edge Technology Group marks Thrive’s fourth acquisition in 2022 and strengthens Thrive’s global position as a leading technology provider offering end-to-end managed services and unparalleled expertise to drive secure digital transformation.

Founded in 2007, Edge is a fully managed global IT consulting and financial services provider that provides advisory services and cloud computing solutions to alternative investment managers. Edge serves more than 300 hedge funds, asset managers, private equity funds, REITs, and wealth management customers, providing public cloud configurations designed to meet the distinct business needs of this disparate customer base. Edge Technology Group has 265 employees, including a team of customer-centric IT strategists and engineers.

“As a founder-owned managed services provider, we are fully immersed in advancing our clients’ alternative investment practices through our IT advisory services and cloud computing solutions,” said Jim Nekos, CEO of Edge Technology Group. “Edge is thrilled to join the Thrive family, as their customer-centric commitment is fully aligned with ours and their advanced cybersecurity, automation, collaboration and managed services platform will accelerate our digital transformation journey. clients.”

Canaccord Genuity served as exclusive financial advisor to Edge. Dechert LLP served as legal counsel to Court Square Capital. Alliance Bernstein, Morgan Stanley, NXT, Northwestern Mutual and Churchill financed the transaction.

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