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Thrive Buys Edge Technology Group, Grows Global Financial Market Presence

This is the company’s second acquisition in less than a week.

Claudia Adrien

June 30, 2022

2 Min Read
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MSP Thrive is buying Connecticut-based Edge Technology Group, an IT service provider for alternative investment managers.

The acquisition, Thrive’s second this month, adds new offices and data centers across the United Kingdom, Australia, Singapore, Hong Kong and the Philippines. Edge clients include hedge funds, private equity firms, family offices and asset managers. They will now benefit from Thrive’s next-generation managed cybersecurity, collaboration and cloud services, the company said.

Edge provides advisory services and cloud computing solutions to alternative investment managers. Founded in 2007, Edge serves more than 300 hedge fund, asset managers, private equity, REIT and wealth management clientele. It provides public cloud configurations that address the distinct business needs of a disparate client base. Edge Technology Group has 265 employees that include a team of client-centered IT strategists and engineers.

Growing Workforce

Rob-Stephenson.jpg

Thrive’s Rob Stephenson

Rob Stephenson is Thrive’s CEO.

Keep up with the latest channel-impacting mergers and acquisitions in our M&A roundup.

“Edge Technology Group is the leading financial industry MSP in the world,” Stephenson said. “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.”

Through this acquisition, Thrive will now have more than 1,000 employees serving clients around the world. Edge Technology Group marks the fourth acquisition by Thrive in 2022. Earlier this year it bought Preemo IT Support, an IT support company based in Miami. And just last week the company continued its Florida expansion by buying DSM, a provider of managed IT services to government agencies.

Thrive came in No. 50 on the 2022 Channel Futures MSP 501 list.

Jim Nekos is CEO of Edge Technology Group.

“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,” Nekos said. “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.”

Want to contact the author directly about this story? Have ideas for a follow-up article? Email Claudia Adrien or connect with her on LinkedIn.

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About the Author(s)

Claudia Adrien

Claudia Adrien is a reporter for Channel Futures where she covers breaking news. Prior to Informa, she wrote about biosecurity and infectious disease for a national publication. She holds a degree in journalism from the University of Florida and resides in Tampa.

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