Thrive, a premier supplier of Cybersecurity and Digital Transformation Managed Companies, introduced immediately that it has acquired Connecticut-based Edge Know-how Group, a number one world know-how advisory and fully-managed IT service supplier for various funding managers.
Based in 2007, Edge is a world know-how advisory and totally managed Monetary Companies IT service supplier that gives advisory companies and cloud computing options to various funding managers. Edge serves greater than 300 hedge fund, asset managers, non-public fairness, REIT, and wealth administration clientele, offering public cloud configurations which are designed to deal with the distinct enterprise wants of this disparate shopper base. Edge Know-how Group has 265 workers that embrace a workforce of client-centered IT strategists and engineers.
“Edge Know-how Group is the main Monetary Trade MSP on the earth,” mentioned Rob Stephenson, Thrive’s CEO. “Their gifted engineering and account administration groups will now have entry to the Thrive Automation Platform and our 24x7x365 complete suite of Cybersecurity SOC companies to reinforce the Edge shopper expertise.”
“As a founder-owned managed companies supplier, we’re totally immersed in advancing purchasers’ various funding practices through our IT advisory companies and cloud computing options,” mentioned Jim Nekos, CEO, Edge Know-how Group. “Edge is thrilled to hitch the Thrive household as their client-first dedication is completely aligned with ours and their superior cybersecurity, automation, collaboration and managed companies platform will expedite our clients’ Digital Transformation journey.”
By means of this acquisition, Thrive will now have over 1,000 workers serving purchasers all over the world, solidifying their place because the main know-how outsourcing supplier for the Monetary Trade. Edge Know-how Group marks the fourth acquisition by Thrive in 2022 and cements Thrive’s world place as a number one know-how supplier delivering end-to-end managed companies and unmatched experience to drive safe digital transformation.
Canaccord Genuity served because the unique monetary advisor to Edge. Dechert LLP served as authorized counsel to Court docket Sq. Capital. Alliance Bernstein, Morgan Stanley, NXT, Northwestern Mutual and Churchill supplied financing for the transaction.