2019: A Year in Review
Thrive has experienced another year of valuable growth and additional capabilities acquisitions in 2019 that will greatly benefit our near 1000 customers. As the final blog post of the year AND the decade, we will review all of the development that has helped shape Thrive and our NextGen Leading Platform.
Thrive Strengthens its FinTech Practice
With the acquisition of Tier1Net of Woburn, MA in July, Thrive dedicated itself to increasing its commitment of service to the financial firms of the Boston area. Former Tier1Net CEO, Marc Capobianco now serves as the Executive Vice President of Financial Technology along with former Tier1Net CTO, Matt Chabot serving as the Vice President of Financial Technology. Since their time with Thrive, they have held multiple Cloud Security panel discussions geared towards educating financial services firms on SEC compliance.
To compliment the growth efforts in New England, our New York region has welcomed Tim Kennedy, Vice President of FinTech Sales as well as two FinTech focused Senior Principal Consultants, Manny Montero and Sachin Shah. The additions of Tim, Manny and Sachin to the Thrive team has helped our New York financial services clients stay on top of the latest technologies while they reach peak efficiency and compliance.
Thrive Expands South to the Mid-Atlantic
In November, Thrive acquired Ease Technologies, an MSP out of Columbia, Maryland. This marked the first move towards expansion in the Mid-Atlantic. The further geographic footprint will enable Thrive to better service our national client base. EaseTech was a well-respected managed services provider that focused on the legal, education and financial sectors. Former EaseTech CEO, Charles Bubeck has taken on a consulting position with Thrive. Jason Shirdon, EaseTech’s President, will now head the Mid-Atlantic region as Thrive’s Executive Vice President and General Manager of the Mid-Atlantic.
ThriveNow: One Service Delivery Platform
Marc Pantoni, President, and leader of Thrive’s ServiceNow team has rolled out ThriveNow, our new service delivery platform. After 18 months of diligent planning and testing, our Foxborough, MA; Tewksbury, MA; New York, NY; Portland, ME and Charleston, SC offices have all adopted the platform. ThriveNow will streamline the processes our engineers use to work on client tickets. With Woburn and Columbia migrating to ThriveNow in 2020, all of Thrive’s service delivery teams will be on one platform; allowing us to strengthen our customer service capabilities.
Making the List
We’re honored to be recognized as industry leaders in providing NextGen managed services by multiple publications in 2019.
2014: MetTel Acquires Thrive Networks from Staples
2016: Thrive Networks and Corporate IT Solutions Merge
Tewksbury, MA based Thrive Networks merged with Corporate IT Solutions of Norwood, MA under the ownership of M/C Partners. Together, they formed one of the largest managed service providers in Massachusetts, Thrive. Rob Stephenson was named Chief Executive Officer of the newly formed company.
2017: Precision IT Group is Acquired by Thrive
Thrive expanded to New York City with the acquisition of award-winning managed services provider, Precision IT Group. Former CEO and founder, Marc Pantoni stayed on board and was named President of Thrive in 2018.
2018: Thrive Acquires BizCompass and InfoHedge
BizCompass, the MSP responsible for IT services of over 100 Maine-based clients, joined Thrive in April 2018. Shortly after in July, Thrive increased the size of their New York presence with the acquisition of hedge-fund focused managed service provider, InfoHedge.
2019: Thrive Acquires Tier1Net and Ease Technologies
The acquisitions of Tier1Net and EaseTech have helped Thrive become one of the largest managed services providers in the United States. To date, we have 300 employees with upwards of 500 technical certificates, all with a mission to become the most respected and preferred provider of NextGen managed services steering our customers’ journey to the Cloud and beyond.
We look forward to seeing what the new year brings for Thrive.