PLATFORM SECURITY

Thrive Acquires Edge Technology Group

Thrive | July 04, 2022 | Read time : 3 min

Thrive
Thrive, a prominent supplier of cybersecurity and digital transformation managed services, announced today the acquisition of Edge Technology Group, a leading worldwide technology consulting and fully managed IT service provider for alternate investment managers located in Connecticut. Edge Technology Group's purchase adds new worldwide offices and data centers in the United Kingdom, Australia, Singapore, Hong Kong, and the Philippines, bolstering Thrive's international footprint for all clients. Edge clients throughout the world, including hedge funds, private equity companies, family offices, and asset managers, will now have access to Thrive's next-generation managed cybersecurity, collaboration, and cloud services.

Edge, founded in 2007, is a worldwide technology advisory and fully managed financial services IT service company that offers alternative investment manager advisory services and cloud computing solutions. Edge services over 300 hedge fund, asset manager, private equity, REIT, and wealth management clients, offering public cloud configurations tailored to each client's specific business needs. Edge Technology Group employs 265 people, including a team of client-focused IT strategists and engineers.

"Edge Technology Group is the leading Financial Industry MSP in the world. Their talented engineering and account management teams will now have access to the Thrive Automation Platform and our 24x7x365 comprehensive suite of Cybersecurity SOC services to enhance the Edge client experience."

Rob Stephenson, Thrive's CEO

"As a founder-owned managed services provider, we are fully immersed in advancing clients' alternative investment practices via our IT advisory services and cloud computing solutions. Edge is thrilled to join the Thrive family as their client-first commitment is perfectly aligned with ours and their advanced cybersecurity, automation, collaboration and managed services platform will expedite our customers' Digital Transformation journey," said Jim Nekos, CEO, Edge Technology Group.

Thrive will have over 1,000 people servicing customers all around the globe as a result of this purchase, consolidating its position as the premier technology outsourcing service for the financial industry. Edge Technology Group is Thrive's fourth acquisition in 2022, solidifying the company's worldwide position as a premier technology supplier offering end-to-end managed services and unrivaled experience to achieve secure digital transformation.

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