For the 3rd Year In a Row, Thrive Listed on the Inc. 5000, Ranking No. 1222 with 337% revenue growth
FOXBOROUGH, MA, August 27, 2019 – Inc. Magazine unveiled its annual list of America’s Fastest-Growing Private Companies – the Inc. 5000. Thrive is No. 1222 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“Our team at Thrive is tremendously proud to make our third appearance on the Inc. 5000 List. Moving up from #3248 last year to #1222 in 2019 is a testament to the advancements Thrive has made as an organization,” said Rob Stephenson, Chief Executive Officer of Thrive. “Through strategic M&A and unprecedented organic growth with our high performing sales team, Thrive has been able to fulfill our goal of becoming one of the largest managed services providers in the United States while continuing to deliver superior service to our valued clients.”
Not only have the companies on the 2019 Inc. 5000 (which are listed online at Inc.com, with the top 500 companies featured in the September issue of Inc., available on newsstands August 20) been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2019 Inc. 5000 achieved an astounding three-year average growth of 454 percent, and a median rate of 157 percent. The Inc. 5000’s aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.
“The companies on this year’s Inc. 5000 have followed so many different paths to success,” says Inc. Editor in Chief James Ledbetter. “There’s no single course you can follow or investment you can take that will guarantee this kind of spectacular growth, but what they have in common is persistence and seizing opportunities.”
The annual Inc. 5000 event honoring the companies on the list will be held October 10 to 12, 2019, at the JW Marriott Desert Ridge Resort and Spa in Phoenix, Arizona. As always, speakers include some of the greatest innovators and business leaders of our generation.
About Thrive
Thrive is a leading provider of NextGen managed services designed to drive business outcomes through application enablement and optimization. The company’s Thrive5 Methodology utilizes a unique combination of its Application Performance Platform and strategic services to ensure each business application takes advantage of technology that enables peak performance, scale, and security. For more information, visit https://www.thrivenetworks.com
Follow Thrive: LinkedIn, Twitter and Facebook
MEDIA CONTACT:
Stephanie Farrell
Marketing, Thrive
stephanie@youroms.com
More about Inc. and the Inc. 5000
Methodology
The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 20,000,000 today. For more information, visit www.inc.com.
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates the remarkable achievements of these companies. The event also offers informative workshops, celebrated keynote speakers, and evening functions.
For more information on Inc. and the Inc. 5000 Conference, visit http://conference.inc.com/.
Thrive Named Finalist for 2019 FinTech AwardsFOXBOROUGH, MA – August 21, 2019 – Thrive, a premier provider of Next Generation Managed Services, is proud to announce today that they have been named a finalist for the 2019 Fund Intelligence Operations and Services Awards being announced in October 2019. Thrive has been nominated for Best Cloud Solution, Best Cybersecurity Solution, Best Technology/Infrastructure Initiative and Best Technology Provider Overall.
The Fund Intelligence Operations and Services Awards recognize the outstanding contributions made by business, operations and technology leaders at asset management, and service provider firms over the past year. These awards highlight the incredibly important role played by partner firms, including fund administrators, custodians, law firms, accounting and audit firms and technology companies, all of whom are critical in providing vital support and services to the asset management community.
Thrive’s dedication to the financial services community has proven to optimize business capabilities for asset managers, private equity companies, hedge funds, and others, over the past twenty years. From consultation, to implementation and management, Thrive develops unique solutions utilizing best of breed products, technology and applications to best fit the needs of each client.
Frontier Capital Management Co., a client of Thrive’s has remarked at the expertise of the Thrive staff for their vast financial services industry knowledge. “Thrive already had an understanding of Frontier’s business and direction from their tenure in the Financial industry”, stated Skip Carino, IT & Communications Manager, and CTO of Frontier Capital. “Thrive’s solutions are highly reliable. They provide system platforms and LAN/WAN connectivity management solutions, with superior performance, reliability, and adherence to the Finance industry’s comprehensive standards and best practices.”
Thrive is honored to be shortlisted for the 2019 Fund Intelligence Operations and Services Awards in recognition of our premiere solutions and services.
About Thrive
Thrive is a leading provider of NextGen managed services designed to drive business outcomes through application enablement and optimization. The company’s Thrive5 Methodology utilizes a unique combination of its Application Performance Platform and strategic services to ensure each business application takes advantage of technology that enables peak performance, scale, and security. For more information, visit https://www.thrivenetworks.com
Thrive Adds Goodger & Demorcy to New York FinTech Leadership TeamFOXBOROUGH, MA, July 31, 2019 – Thrive, a premier provider of Next Generation Managed Services, is proud to announce new additions to their leadership team in the New York and FinTech business divisions.
Scott Goodger, a long-term technology and sales veteran of Thrive & Precision IT, has been named General Manager & Executive Vice President for the New York market. “I’m deeply honored and excited to accept the challenge to become the General Manager & Executive Vice President at Thrive in New York. We have an exceptional team and an incredible portfolio of NextGen managed services to secure and optimize our clients’ Hybrid Cloud platforms in compliance driven environments,” said Scott Goodger. Mr. Goodger has held numerous technology and business development roles throughout his 15 year career in the technology sector; having served as CTO and CRO at Matrix NIT Health, IDP Consulting, Update Inc., Precision IT and now Thrive.
Thrive is also proud to announce that Stevens Demorcy has joined the organization as a Vice President, heading up Thrive’s New York FinTech Cloud Operations. “I’m looking forward to leveraging my sixteen years of experience in the Alternative Investment community to help Thrive meet the rapid demand for Public, Private and Hybrid Cloud services,” says Mr. Demorcy. “In addition to running Thrive’s Cloud infrastructure team, I will focus on bringing the Thrive Fintech 2.0 Hybrid Cloud platform to the marketplace in the Third Quarter.” Mr. Demorcy most recently served as the Director of Infrastructure Services at RFA for more than a decade, assisting their financial services clients with Cloud, Security, Compliance & Technology infrastructure services.
“Thrive is stepping up to meet the growing demand of the New York market for NextGen services with the announcement of these two critical positions,” said Marc Pantoni, Thrive’s President. “I’ve had the pleasure of working with Scott Goodger for more than a decade, and his unique client-facing technology and business acumen is a perfect match for the General Manager role in New York. Additionally, the impact that Stevens Demorcy has made with his Alternative Investment experience upon our Cloud team is substantial. I look forward to working side by side with these two talented executives as we continue to advance Thrive as one of the leading FinTech services providers in the United States.”
About Thrive
Thrive is a leading provider of NextGen managed services designed to drive business outcomes through application enablement and optimization. The company’s Thrive5 Methodology utilizes a unique combination of its Application Performance Platform and strategic services to ensure each business application takes advantage of technology that enables peak performance, scale, and security. For more information, visit https://www.thrivenetworks.com
Follow Thrive: LinkedIn, Twitter and Facebook
MEDIA CONTACT:
Stephanie Farrell
Marketing, Thrive
stephanie@youroms.com
Thrive’s InfoHedge Technologies Recognized as Best Alternative Investment IT Solutions Provider – United StatesFOXBOROUGH, MA, July 16, 2019 – Thrive, a premier provider of Next Generation Managed Services, is proud to announce today that the InfoHedge Technologies division of Thrive was recognized as the Best Alternative Investment IT Solutions Provider – United States in the 2019 Alternative Investment Awards by Wealth & Finance International.
Now in its sixth year, the 2019 Alternative Investment Awards returns to cast a light on the individuals, firms and departments from across all sectors which have played a part in shaping this dynamic and inimitable industry.
Historically considered an undervalued industry, the alternative investment sector has grown over the past few years. Behind this prominent growth and success, are the leading lights whose innovation, dedication and inventive ways has delivered some award-worthy results.
Discussing the outcome of the program, Steve Simpson, Awards Coordinator commented: “This latest year has been exceptionally challenging for the alternative investment space around the world, and as such my deserving winners have shown pluck, dedication and ingenuity in succeeding as well as they have. I would like to offer them all my congratulations and wish them the best of luck for the future.”
Thrive has well-established their presence as a top managed service provider for the financial services industry in its near twenty years of practice. With the acquisition of InfoHedge Technologies of New York, NY in 2018 Thrive has incorporated the InfoHedge Hosted Platform™ known for its reliability, scalability and compliance-focused environment into their FinTech Product Suite. In July 2019, Thrive announced the acquisition of Tier1Net of Woburn, MA, a financial services focused managed service provider. These two acquisitions mark Thrive’s investment in the optimization of business applications for the FinTech community. As the alternative investment industry continues to grow, the demand for trusted technology partners does as well. Thrive is honored to be awarded this recognition from Wealth & Finance International.
To learn more about the deserving award winners and to gain insight into the working practices of the “best of the best”, please visit the Wealth & Finance website where you can access the winners supplement.
About Thrive
Thrive is a leading application enablement provider for Enterprises in a Cloud and SaaS-based world. As one of the largest Managed Services Providers in the United States, Thrive optimizes business application performance with their Suite of Next Generation Managed Services, which include Public, Private & Hybrid Cloud management, Cybersecurity, Networking, Disaster Recovery and more. Thrive’s Next Generation Platform helps compliance-driven businesses solve complex IT problems by delivering peak application performance around the globe, 24×7. For more information, visit https://www.thrivenetworks.com
Follow Thrive: LinkedIn, Twitter and Facebook
Media Contact:
Stephanie Farrell
Marketing, Thrive
stephanie@youroms.com
774.276.1521
About Wealth & Finance International
Wealth & Finance International is a monthly publication dedicated to delivering high quality informative and up-to-the-minute global business content. It is published by AI Global Media Ltd, a publishing house that has reinvigorated corporate finance news and reporting.
Developed by a highly skilled team of writers, editors, business insiders and regional industry experts, Wealth & Finance International reports from every corner of the globe to give readers the inside track on the need-to-know news and issues affecting banking, finance, regulation, risk and wealth management in their region.
US based Thrive acquires tech firm Tier1Net to strengthen its Fintech wingUSA-based Thrive, a leading provider of managed services, has announced that it has acquired Tier1Net of Woburn, MA, a Financial Services sector focused Managed Services Provider.
Thrive & Tier1Net Combine to Enhance FinTech ServicesLeading Next Generation Managed Services Provider Deepens FinTech Roots in New England
FOXBOROUGH, MA, July 11, 2019 – Thrive, a premier provider of Next Generation Managed Services, proudly announced today that it has acquired Tier1Net of Woburn, MA, a Financial Services sector focused Managed Services Provider. Tier1Net is now the fifth company to be acquired by Thrive under private equity owner, M/C Partners, along with Corporate IT Solutions of Norwood, MA, Precision IT Group of New York, NY, BizCompass of Westbrook, ME, and InfoHedge Technologies of New York, NY.
The acquisition of Tier1Net further strengthens Thrive’s New England Financial Services expertise with a strong and talented engineering staff and extensive vertical industry knowledge. Tier1Net’s commitment to the Financial Services aligns well with Thrive’s long history of providing world-class next generation services to optimize the performance of financial business applications.
“We’re extremely excited to be partnering with Tier1Net to expand Thrive’s Financial Services practice in New England. Their long-term, loyal customers will be well-served by the combination of Thrive’s enhanced suite of Cybersecurity, Public, Private & Hybrid Cloud Next Generation Managed Services, along with Tier1Net’s Financial Services knowledge and commitment,” stated Rob Stephenson, Chief Executive Officer of Thrive.
“The combination of Thrive and Tier1Net is truly a technology gamechanger for New England Financial Institutions,” added Marc Capobianco, Tier1Net Chief Executive Officer. “The expanded product and services capabilities that our clients will gain as a result of this transaction will benefit them all. It’s a pleasure to be joining this first-class organization that has become one of the leading MSPs in North America.”
Mr. Capobianco, Founder and Chief Executive Officer of Tier1Net, will join Thrive as an Executive Vice President and managing partner leading the New England & Corporate FinTech Practice. Matt Chabot, Co-Founder and Chief Technology Officer of Tier1Net, will also become a Thrive executive in a senior technology role reporting to Mr. Capobianco and overseeing the New England Financial Services practice.
“The acquisition of Tier1Net marks another advancement of growth in Thrive’s strategic mission” said Gillis Cashman, Thrive’s Chairman and Managing Partner at M/C Partners. “As the fifth acquisition that M/C Partners has overseen for Thrive, we are thrilled at the opportunity to continue to capitalize on their success as the leading Next Generation Managed Services Provider.”
About Thrive
Thrive is a leading application enablement provider for Enterprises in a Cloud and SaaS-based world. As one of the largest Managed Services Providers in the United States, Thrive optimizes business application performance with their Suite of Next Generation Managed Services, which include Public, Private & Hybrid Cloud management, Cybersecurity, Networking, Disaster Recovery and more. Thrive’s Next Generation Platform helps compliance-driven businesses solve complex IT problems by delivering peak application performance around the globe, 24×7. For more information, visit https://www.thrivenetworks.com
Follow Thrive: LinkedIn, Twitter and Facebook
Media Contact:
Stephanie Farrell
Marketing, Thrive
774.276.1521
MSP Acquisition: Thrive Buys TierNet for Financial Services PushThrive has acquired Tier1Net, a managed IT services provider (MSP) focused on the financial vertical. Thrive, backed by M/C partners, has now made five MSP acquisitions while under private equity ownership.
Thrive & Tier1Net CombineThe acquisition of Tier1Net further strengthens Thrive’s New England Financial Services expertise with a strong and a talented engineering staff and extensive vertical industry knowledge.
Thrive & Tier1Net Combine to Enhance FinTech ServicesThrive, a premier provider of Next Generation Managed Services, has proudly announced today that it has acquired Tier1Net of Woburn, MA, a Financial Services sector focused managed services provider.
Thrive Ranked Among World’s Most Elite 501 Managed Service Providers12th Annual MSP 501 Identifies Top Forward-Thinking Global MSPs & Leading Trends in Managed Services
FOXBOROUGH, MA, June 26, 2019 – Thrive has been named as one of the world’s premier managed service providers on the prestigious 12th-annual Channel Futures MSP 501 rankings.
Every year, MSPs worldwide complete an extensive survey and application to report their product offerings, growth rates, annual total and recurring revenues, pricing structures, revenue mix and more. MSPs were ranked according to a unique methodology that weighs revenue figures according to how well the applicant’s business strategy anticipates trends in the fast-evolving channel ecosystem.
Channel Futures is pleased to name Thrive 32nd on the 2019 MSP 501.
In the 12 years since its inception, the MSP 501 has evolved from a competitive ranking list into a vibrant group of service providers, vendors, distributors, consultants and industry analysts working together to define the growing managed service opportunity.
“The 2019 MSP 501 winners are the most elite, innovative and strategic IT service providers on the planet, and they stand as a model of excellence in the industry,” says Kris Blackmon, Content Director of Channel Partners and Channel Futures and lead of the MSP 501 program. “As the MSP 501 Community grows, leagues of managed service providers learn from the successes of these winning companies, gaining insight into the best practices, strategies and technologies that elevate an MSP to the level of the 501 winners. Our heartfelt congratulations to the 2019 winners and gratitude to the thousands of MSPs that have contributed to the continuing growth and success of both the 501 and the thriving managed services sector.”
Ten special award winners will be recognized at the MSP 501 Awards Gala at Channel Partners Evolution, held this year September 9-12 in Washington, D.C. Nominations for these special awards, including Digital Innovator of the Year, Executive of the Year and the Newcomer Award, were included in the MSP 501 application, and all candidates were encouraged to submit for them.
In addition to deciding the rankings, the survey drives the creation of an annual in-depth study of business and technology trends in the IT channel, released each year at the Channel Partners Evolution conference. The full MSP 501 Report leverages applicant responses, interviews with industry experts and historical data to give a well-rounded picture of the managed services opportunity.
The complete 2019 MSP 501 list is available at Channel Futures.
Background
The 2019 MSP 501 list is based on data collected by Channel Futures and its sister site, Channel Partners. Data was collected online from March 1 through May 31, 2019. The MSP 501 list recognizes top managed service providers based on metrics including recurring revenue, growth and other factors.
About Thrive
Thrive is a leading application enablement provider for Enterprises in a Cloud and SaaS-based world. As one of the largest Managed Services Providers in the United States, Thrive optimizes business application performance with their Suite of Next Generation Managed Services, which include Public, Private & Hybrid Cloud management, Cybersecurity, Networking, Disaster Recovery and more. Thrive’s Next Generation Platform helps compliance-driven businesses solve complex IT problems by delivering peak application performance around the globe, 24×7. For more information, visit https://www.thrivenetworks.com
Follow Thrive: LinkedIn, Twitter and Facebook
MEDIA CONTACT:
Stephanie Farrell
Marketing, Thrive
stephanie@youroms.com
About Informa Tech
Channel Futures, Channel Partners Online, Channel Partners Conference & Expo and Channel Partners Evolution are part of Informa Tech, a market-leading B2B information provider with depth and specialization in the Information and Communications (ICT) Technology sector. We help drive the future by inspiring the Technology community to design, build and run a better digital world through our market-leading research, media, training and event brands. Every year, we welcome 7,400+ subscribers to our research, more than 3.8 million unique visitors a month to our digital communities, 18,200+ students to our training programs and 225,000 delegates to our events.
MEDIA CONTACT:
Kris Blackmon
Content Director, Channel Futures & Channel Partners
Senior Editor, MSP 501
Kris.Blackmon@Informa.com