Platform Security

Thrive Acquires Edge Technology Group

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.

Spotlight

Organizations are losing IT and security control Once upon a time, IT and security teams focused mostly on managing their organization’s on-prem environment. But as business requirements changed, customer bases became global, and remote work took root, these technology teams were handed responsibility across more domains: cloud

Spotlight

Organizations are losing IT and security control Once upon a time, IT and security teams focused mostly on managing their organization’s on-prem environment. But as business requirements changed, customer bases became global, and remote work took root, these technology teams were handed responsibility across more domains: cloud

Related News

Data Security

Rubrik Chosen by Carhartt to Drive Complete Cyber Resilience

Rubrik | January 10, 2024

Rubrik, the Zero Trust Data Security™ company, today announced that America’s premium workwear brand Carhartt has consolidated multiple legacy backup tools with Rubrik Security Cloud to achieve cyber resilience. After moving to Rubrik, Carhartt realized more than 50 percent in monthly cost savings, while significantly improving its data security capabilities. “Data resilience is key to the continued security and success of our business. We work hard to ward off intruders but we have to operate on the assumption that they will find a way in,” said Michael Karasienski, cloud platforms manager at Carhartt. “Rubrik Security Cloud restores data fast and without fail for both our cloud and on-premises environments. Rubrik plays a key role in building trust in our system with secure protocols and access controls; it isn’t just a data security solution, it’s peace of mind for our brand.” Established in 1889, Carhartt has a rich heritage of developing rugged products for workers on and off the job. The company honors hard work, approaching its business with the same honesty, dependability, and trust that its consumers display day-in and day-out. Prior to Rubrik, Carhartt used a variety of different backup solutions across its operations. After an upgrade of a critical application failed, Carhartt’s administrators discovered that that application data hadn’t been backed up, forcing the team to reconstruct more than two-weeks’ worth of data manually. Furthermore, the Carhartt team discovered malware in backups from its legacy tools, resulting in weeks of searching data sets to manually complete the investigation. With Rubrik Security Cloud, Carhartt’s IT team can now devote more time to other priorities — like business requests, incidents, and reducing technical debt — while saving more than 50 percent in operational costs each month. The company’s IT and Security teams are also collaborating to reduce risk to the organization, zeroing in on malware and tying investigations into its security operations center. “A highly interconnected business like Carhartt is responsible for mountains of sensitive data. Protecting that data is paramount to maintain customer trust and minimize business disruption,” said Anneka Gupta, Chief Product Officer at Rubrik. “Outdated legacy technology was never built with security in mind, so organizations must turn to modernized platforms and zero-trust methodologies to defend their data. With a holistic solution like Rubrik Security Cloud, organizations like Carhartt know their business will be resilient in the face of any cyber threat.” Carhartt utilizes numerous Rubrik products, including Anomaly Detection, Sensitive Data Monitoring, Threat Hunting, as well as its integration with Microsoft Sentinel. About Rubrik Rubrik is on a mission to secure the world’s data. With Zero Trust Data Security™, we help organizations achieve business resilience against cyberattacks, malicious insiders, and operational disruptions. Rubrik Security Cloud, powered by machine learning, secures data across enterprise, cloud, and SaaS applications. We help organizations uphold data integrity, deliver data availability that withstands adverse conditions, continuously monitor data risks and threats, and restore businesses with their data when infrastructure is attacked.

Read More

Data Security

Boomi Strengthens Commitment to Data Security and Compliance by Achieving StateRAMP Authorization

Boomi | January 12, 2024

Boomi™, the intelligent connectivity and automation leader, today announced that the Boomi platform has achieved StateRAMP Authorization. This achievement reflects Boomi’s unwavering commitment to data security and compliance, and to delivering a secure and reliable solution that government agencies can rely on to safeguard their data and operations. “At Boomi, we are committed to democratizing modernization. Securing StateRAMP authorization for our platform was paramount, enabling public sector organizations to seamlessly and securely integrate and leverage cloud applications,” said Sean Wechter, Chief Information Officer at Boomi. “Through a strategic alliance with StateRAMP, Boomi actively collaborates with its leadership board, facilitating streamlined documentation and audit processes to expedite digital transformation within the public sector." According to the U.S. Government Accountability Office, government agencies plan to spend billions of dollars each year to support their IT and cybersecurity efforts, including transitioning IT resources to secure, cost-effective commercial cloud services.1 However, agencies are challenged to select secure cloud-based solutions, making it difficult for these organizations to modernize and improve constituent experiences. StateRAMP, a nationally recognized risk authorization management program that provides a standardized approach to assessing cloud products, improves security and simplifies procurement by building a pool of pre-authorized Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS) solutions for public sector entities. As organizations more frequently implement cloud-based solutions, they also require validated access to integration platform as a service (iPaaS) to streamline application and resource integration. iPaaS integrates cloud-to-cloud, cloud-to-on premises, and on-premises-to-on-premises platforms, helping public sector organizations break down data silos to enhance information flow, improve citizen services, and increase operational effectiveness. About Boomi Boomi aims to make the world a better place by connecting everyone to everything, anywhere. The pioneer of cloud-based integration platform as a service (iPaaS), and now a category-leading, global software as a service (SaaS) company, Boomi touts the largest customer base among integration platform vendors and a worldwide network of approximately 800 partners – including Accenture, Capgemini, SAP, and Snowflake. Global organizations turn to Boomi’s award-winning platform to discover, manage, and orchestrate data, while connecting applications, processes, and people for better, faster outcomes. For more information, visit boomi.com.

Read More

Software Security

Trellix and One Source Deliver Industry-Leading Managed Detection and Response Security Services

Trellix | January 22, 2024

Trellix, the cybersecurity company delivering the future of extended detection and response (XDR), today announced an expanded strategic partnership with One Source, a Managed Security Services Provider (MSSP) and technology delivery partner. Customers benefit from a Fortune 500 SOC capability built on the Trellix XDR Platform with AI-guided intelligence, enabling faster detection, investigation, and remediation. Trellix, the cybersecurity company delivering the future of extended detection and response (XDR), today announced an expanded strategic partnership with One Source, a Managed Security Services Provider (MSSP) and technology delivery partner. Customers benefit from a Fortune 500 SOC capability built on the Trellix XDR Platform with AI-guided intelligence, enabling faster detection, investigation, and remediation. “The partnership aligns with Trellix’s ongoing commitment to secure organizations from advanced cyber threats,” says Sean Morton, SVP of Professional Services at Trellix. “Leveraging One Source’s MDR capabilities and expanded footprint, we enable more businesses to build cyber resilience, with continued innovation in our combined products and solution offerings to stay ahead of bad actors.” One Source has multiple SOCs leveraging Trellix’s technology, staffed by the industry’s top experts to provide Managed Detection and Response (MDR) capabilities. Their team implements a proactive cyber strategy for customers specific to industry, technology environment, and vulnerabilities, built on the Trellix XDR Platform with 24x7 monitoring. The partnership and combined expertise benefits customers with enhanced services like managed threat detection and response, incident response, security operations and analytics, threat intelligence, threat hunting and forensics, and training and enablement. “The Trellix and One Source partnership is extremely powerful; the former offers an incredible set of security solutions, and the latter excels at personalized deployment and execution,” said Paul Moline, Chief Information Officer, Lindsay Automotive Group. “I never anticipated we could protect our environment with the same security solutions used by government agencies and Fortune 50 companies: I can now sleep at night.” The Trellix XDR Platform’s open architecture and broad set of native security controls across endpoint, email, network, cloud, and data security integrates with over 500 third-party tools to create multi-vector, multi-vendor event correlation and context to speed up investigations. The Trellix Advanced Research Center provides an additional layer of protection by continuously informing the platform with information from millions of global sensors on the latest threat vectors, tactics, and recommendations. One Source experts apply these insights to stay ahead of the constantly evolving threat landscape. “The collaboration with Trellix is a game-changer in reshaping the cybersecurity landscape,” says Eric Gressel, Executive Vice President of Sales, One Source. “Thanks to our partnership, we have access to the highest level of cyber intelligence to fend off newly-revealed hackers and their means of attack, enabling our customers with the most comprehensive offering of enhanced Managed Security Services to protect their businesses.” One Source has a proven track record supporting global businesses spanning retail, restaurant, automotive, healthcare, financial, and manufacturing industries. Trellix customers can rely on One Source's leading Managed Security Services to optimize technology expenses while enhancing telecom connectivity, IT infrastructure, and cybersecurity strategies. About Trellix Trellix is a global company redefining the future of cybersecurity and soulful work. The company’s open and native extended detection and response (XDR) platform helps organizations confronted by today’s most advanced threats gain confidence in the protection and resilience of their operations. Trellix, along with an extensive partner ecosystem, accelerates technology innovation through machine learning and automation to empower over 40,000 business and government customers with living security. More at https://trellix.com. About One Source One Source helps businesses simplify a complex technology world. One Source is the leading provider of Technology and Managed Security Services for enterprises. Today, One Source manages more than 2,500 customers, 45,000 business locations, and over one million assets throughout North America. In addition to Managed Security Services, One Source provides Managed Technology Expense Management, 24 / 7 local helpdesk, procures and provisions telecom & IT solutions, and manages customer service requests. One Source frequently generates triple-digit ROI for customers through contract negotiation, portfolio optimization, and ongoing expense management. In addition, One Source leverages partnerships with industry leaders, including Trellix to bring Fortune 500 security solutions and fully managed services to the mid-market. One Source's approach empowers businesses to focus on customers and revenue-generating activities. Learn more at https://www.onesource.net/.

Read More