Manages mission-critical infrastructure, 24/7 monitoring and alerting, and executing client cloud strategy, overseeing every aspect ranging from end users to critical infrastructure.
MSP 501 Profile: Security Sales Propel Thrive Networks but Don’t Define Its PotentialIf you’re not familiar with Thrive, here’s some background. The Foxborough, Massachusetts, company is an MSP with a vertical market, geographic and customer-segment focus.
InfoHedge to Become the Alternative Investment Hosting Division for ThriveFoxborough, Mass. – July 11, 2018 – Thrive, a leading provider of next generation managed services, proudly announces today that it has completed a transaction with InfoHedge Technologies, a leading financial services focused private cloud & managed services provider based in New York City. InfoHedge will become a separate division within Thrive, focused on the alternative investment management & hedge fund community, with plans to expand its application hosting product set and geographic reach via Thrive’s next generation managed services platform and access to capital via M/C Partners, Thrive’s private equity financial sponsor.
Led by managing partners, Alexander Kouperman, Eugene Kushnirskiy, Felix Ilionskiy, Michael Curry and Lev Vinogradov, InfoHedge has grown to become a leader in the financial services sector, recently winning the 2018 Alternative Investment Award for excellence. By servicing nearly 400 hedge fund, REIT, asset management and family office customers for over a dozen years, InfoHedge has developed a reputation as an innovator of Cloud, Application Hosting and Managed Services on its proprietary InfoHedge Hosted PlatformTM.
“Thrive is excited to expand our rapidly growing Cloud Hosting business with additional penetration into the financial services vertical,” said Rob Stephenson, Thrive’s CEO. “The opportunity for InfoHedge’s customers to take advantage of Thrive’s unbundled next generation managed services and our clients to have access to the InfoHedge Hosted PlatformTM is a powerful story for the marketplace and a strong motivator behind the deal.”
“On behalf of my partners and employees, we’re thrilled to announce that InfoHedge will become the Alternative Investment Hosting Platform for Thrive, joining one of the largest and most respected technology services firms in the Northeast,” said Alexander Kouperman, InfoHedge’s President. “With the unprecedented growth we’re currently experiencing, InfoHedge was focused upon finding the right partner to help us scale and continue providing superior service to our FinTech client community. Thrive and their financial sponsor, M/C Partners, stepped up to the table and were a perfect fit for our strategic goals of expanding InfoHedge’s Cloud, Managed Services and Application Hosting leadership position within the Alternative Investment space.”
All five managing partners of InfoHedge will continue to run the division within Thrive under the direction of Marc Pantoni. Mr. Pantoni was recently named Thrive’s President after merging his New York-based managed services firm, Precision IT, with Thrive in 2017. Precision IT also had a strong proficiency in financial services, with more than 70% of their clients in the Private Equity & Asset Management industries.
“The InfoHedge acquisition brings additional Cloud, Hosting and Application Management capabilities to the current Thrive platform, which we feel is strongly positioned for tremendous growth as part of our continued strategic mission,” said Gillis Cashman, Thrive’s Chairman and Managing Partner at M/C Partners.
Morgan Partners acted as the exclusive advisor for the transaction on behalf of InfoHedge. Choate, Hall & Stewart served as legal counsel to Thrive and M/C Partners. Burns & Levinson served as legal counsel to InfoHedge.
About Thrive
Thrive is a leading next generation managed services provider. The Thrive technology solutions suite utilizes Cloud, Cyber Security, Networking, Disaster Recovery and other pioneering managed services to help compliance-driven businesses solve complex IT issues. Thrive was acquired by M/C Partners in 2016 as a Northeast United States growth platform to service the Financial Services, Healthcare, Biotech, Life Sciences, Banking and other mid-market verticals. In developing this new technology service ecosystem, Thrive is uniquely positioned to offer compliance-based solutions to its valued client base. For more information, visit www.thrivenetworks.com
About InfoHedge
InfoHedge Technologies is a premier infrastructure-as-a-service managed service provider to the financial services community. InfoHedge’s flagship product, InfoHedge Hosted Platform (“IHP”), provides a turnkey, enterprise-grade, fully managed private cloud infrastructure on par with those of Tier 1 banks without the associated capital expenditures, design and maintenance. InfoHedge also hosts mission-critical business applications and provides related IT services and support. IHP is a single-custody solution (e.g., all software and data are housed on equipment owned and operated by InfoHedge) architected with best practices garnered from years of experience managing complex trading platforms for demanding clients. InfoHedge’s customers include Hedge Funds, Prime Brokers, Broker Dealers, Asset Managers, Investment Advisors, Private Equity and Investment Banks with a combined client base on the buy side that exceeds $550B AUM. InfoHedge is headquartered in New York City, with additional employees in Boston, Chicago, Dallas, San Francisco, Connecticut, and Florida.
About M/C Partners
M/C Partners is a private equity firm focused exclusively on the communications, media, and information technology sectors. The firm has invested over $2.2 billion of capital into nearly 100 companies in those sectors. M/C-backed companies include Cavalier Telephone, Denovo, Ensono, Everstream, Fusepoint, ICG Communications, Involta, Legendary Pictures, Lightower, MetroPCS, NuVox, and Zayo Group. The firm has strong institutional backing from the nation’s leading pension funds and endowments as well as a long track record of success. M/C Partners has offices in Boston and San Francisco. For more information, visit www.mcpartners.com.
For media inquiries, please contact:
Brian J. Hawthorne, Vice President of Marketing
617-952-0242
Thrive Networks To Grow Cloud Hosting Through Acquisition Of Fellow MSP InfoHedgeMSP Thrive Networks is buying Infrastructure-as-a-Service MSP InfoHedge Technologies, which will become a dedicated cloud hosting division within the company.
Thrive Expands Presence to Maine with BizCompassFoxborough, MA – April 12, 2018– Thrive, a leading provider of next generation managed services, proudly announces today that they’ve completed a merger transaction with BizCompass, a highly respected and fast growing managed services provider (MSP) serving the greater Portland, Maine area. Led by CEO Tony Correale and CTO John Burghardt, BizCompass has grown to become a well-respected and recognized MSP in Maine and the surrounding northern New England region. The BizCompass focus upon superior customer service, private cloud hosting and technical expertise is a natural fit for Thrive as they continue to expand their geographic and service delivery coverage.
“Thrive is pleased to welcome BizCompass, their customers and employees to our growing portfolio of MSP partnerships in the Northeast United States. This transaction is another win-win for both companies and most importantly, our customers, as BizCompass will become the technical operations center for Thrive’s Northern New England region,” said Rob Stephenson, Thrive CEO.
“On behalf of everyone at BizCompass, John and I are very excited about this opportunity to join one of the largest and most respected technology service firms,” said Tony Correale, CEO at BizCompass. “The engineering depth, vast amount of technical and financial resources and advanced Cloud and Cyber Security capabilities that Thrive will be able to offer our customers are the driving factors for Tony and I to join this winning team,” said John Burghardt, CTO at BizCompass.
Mr. Burghardt will join Thrive as a corporate executive with responsibilities for Northern New England technical operations and working on Thrive’s five national data center and Cloud footprints. Tony Correale will continue as the leading business development executive in Northern New England and he will be joined by Rob Nevins, a Maine technology veteran of more than 18 years. BizCompass now becomes the fourth member to join the Thrive platform within the past eighteen months and they will be the new operational center for Northern New England.
“Thrive continues to successfully execute on their acquisition strategy. The BizCompass deal solidifies their status as an industry leader by introducing the Thrive portfolio of Cloud, Networking and Cyber Security next generation managed services to Northern New England,” said Gillis Cashman, Thrive Chairman and Managing Partner at M/C Partners.
About BizCompass
BizCompass is one of the most advanced and fastest-growing IT support companies in Maine. Offering proactive and evasive monitoring and prevention services for all your technology devices, BizCompass is leading the way in becoming a truly customer focused source for IT services. Our programs provide complete protection of Windows-based servers, Windows-based PCs, network hardware, and supported peripherals. BizCompass solutions are engineered to evade costly repairs through a smart response technology that will take evasive action while contacting us for follow through resolution. This helps avoid downtime, and allows for fixed budget technology solutions. BizCompass maximizes productivity while our technology reduces system downtime. At BizCompass all of our managed offerings monitor your systems 24 hours a day, 7 days a week, and 365 days a year.
About M/C Partners
M/C Partners is a private equity firm focused exclusively on the communications, media, and information technology sectors. The firm has invested over $2.2 billion of capital into nearly 100 companies in those sectors. Companies M/C has backed include Cavalier Telephone, Denovo, Ensono, Everstream, Fusepoint, ICG Communications, Involta, Legendary Pictures, Lightower, MetroPCS, NuVox, and Zayo Group. The firm has strong institutional backing from the nation’s leading pension funds and endowments as well as a long track record of success. M/C Partners has offices in Boston and San Francisco. For more information, visit www.mcpartners.com.
For media inquiries, please contact:
Brian J. Hawthorne, VP of Marketing
617-952-0242
Thrive Acquires New England MSP BizCompassThrive, a Top 100 Vertical Market MSP backed by private equity, has acquired BizCompass, a managed services provider in Portland, Maine area that supports customers across northern New England.
Thrive Announces President & CTO PromotionsFoxborough, MA – March 9, 2018 – Thrive, a leading provider of next generation managed services, proudly announces today that Marc Pantoni has been promoted to President and Michael Gray is now the Chief Technology Officer for the company.
“Thrive recognizes talent and hard work. The extraordinary capabilities that Marc Pantoni and Michael Gray have demonstrated throughout their tenures are the basis for elevating these two dedicated employees to critical positions, said Rob Stephenson, CEO. “Congratulations to both gentlemen and it’s my distinct pleasure to work side by side with each of them as Thrive continues our pioneering accomplishments in the next generation managed services space.
Mr. Pantoni was the former CEO of Precision IT, NY, NY, merging with Thrive in 2017. Marc will continue to be based in the Tri-State region, but will assume a corporate role overseeing Service Delivery, Integration, Operations & Engineering, in addition to continuing to run New York Operations.
Mr. Gray is a Thrive veteran of more than a decade, rising quickly through the ranks from engineer to multiple senior executive roles. His primary responsibilities will include Thrive’s technical product roadmap, as well as overseeing Cyber Security, Cloud, Compliance & Application Development. Michael will continue to be based in Massachusetts.
About Thrive
Thrive is a leading next generation managed services provider. The Thrive technology solutions suite utilizes Cloud, Cyber Security, Networking, Disaster Recovery and other pioneering managed services to help compliance-driven businesses solve complex IT issues. Thrive was acquired by M/C Partners in 2016 as a Northeast United States growth platform to service the Financial Services, Healthcare, Biotech, Life Sciences, Banking and other mid-market verticals. In developing this new technology service ecosystem, Thrive is uniquely positioned to offer compliance-based solutions to its valued client base.
To learn more, visit Thrives new and improved website www.ThriveNetworks.com and follow us on LinkedIn, Twitter, Google+ and Facebook.
For media inquiries, please contact
Brian J. Hawthorne
Vice President of Marketing
617-952-0242
bhawthorne@thrivenextgen.com
Top 100 MSP Thrive Names President, CTO for Next Generation Managed ServicesThrive, a Top 100 Vertical Market MSP for 2018, has promoted Marc Pantoni to president and Michael Gray to chief technology officer (CTO).
Thrive Ranks Amongst the Top 10 Vertical Market MSPsFOXBOROUGH, Mass., Feb. 22, 2018 /PRNewswire/ — Thrive Networks, a leading provider of next generation managed services with offices in New York, Massachusetts, California and South Carolina has been named to After Nines Inc.’s ChannelE2E Top 100 Vertical Market MSPs list for 2018. The annual list and research identify and honor the top 100 managed services providers (MSPs) in healthcare, government, financial services, manufacturing and additional vertical markets.
The Top 100 Vertical Market MSPs rankings are based on ChannelE2E’s Q4 2017 and January 2018 readership survey, and ChannelE2E’s vertical market industry coverage. MSPs featured throughout the list and research leverage deep vertical market expertise to drive annual recurring revenues (ARR) in specific market segments.
Thrive was ranked among the top vertical market MSPs in both Financial Services (#2) and Healthcare (#10). “We’re honored to be recognized by ChannelE2E as an industry leader in providing next generation, valued added services to our clients, in both the Financial Services and Healthcare Industries,” said Rob Stephenson, Thrive’s CEO. “We’ve made significant investments in key technologies, highlighted by cyber security, public & private Cloud, disaster recovery as a service (DRaaS), and compliance management, which are very attractive to these verticals.
This year’s research revealed several key MSP market trends. Among the Top 100 Vertical Market MSPs for 2018:
- Honorees generated a combined $277.3 million in vertical market annual recurring revenue (ARR) for 2017, up from $247.6 million in 2016.
- Honorees are managing a combined 574 million users.
- The most successful vertical market MSPs are zeroing in on healthcare and financial services, while manufacturing and legal sector activities are accelerating.
“After Nines Inc. congratulates Thrive on this year’s honor,” said Amy Katz, CEO of After Nines Inc. “By diving deeper into vertical markets, top MSPs have the opportunity to increase their profitability and company valuations, while building stronger relationships in key market segments.”
The ChannelE2E Top 100 Vertical Market MSPs list and research are overseen by Content Czar Joe Panettieri (@JoePanettieri). Find the online list and associated report here.
About Thrive
Thrive is a leading next generation managed services provider. The Thrive technology solutions suite utilizes Cloud, Cyber Security, Networking, Disaster Recovery and other pioneering managed services to help compliance-driven businesses solve complex IT issues. Thrive was acquired by M/C Partners in 2016 as a Northeast United States growth platform to service the Financial Services, Healthcare, Biotech, Life Sciences, Banking and other mid-market verticals. In developing this new technology service ecosystem, Thrive is uniquely positioned to offer compliance-based solutions to its valued client base.
To learn more, visit Thrives new and improved website www.ThriveNetworks.com and follow us on LinkedIn, Twitter, Google+ and Facebook.
About After Nines Inc.
After Nines Inc. provides timeless IT guidance for strategic partners and IT security professionals across ChannelE2E (www.ChannelE2E.com) and MSSP Alert (www.MSSPAlert.com). ChannelE2E tracks every stage of the IT service provider journey — from entrepreneur to exit. MSSP Alert is the global voice for Managed Security Services Providers (MSSPs).
Media contact:
Brian J. Hawthorne
190788@email4pr.com
617-952-0242
FOXBOROUGH, Mass., Feb. 8, 2018 /PRNewswire/ — Thrive Networks, a leading provider of next generation managed services with offices in New York, Massachusetts, California and South Carolina, is pleased to announce that CEO, Rob Stephenson will be a featured speaker at the Kaseya Accelerate M&A Symposium in Ft. Lauderdale, FL on Thursday, February 8, 2018. Mr. Stephenson will be sharing his technology transaction experience with the Kaseya MSP community in the afternoon session. The forum is specifically designed to provide valuable insight to Kaseya’s clients on today’s active merger and acquisition environment.
“Having completed three MSP acquisitions at Thrive over the past 15 months, I’m honored to have the opportunity to share our insight related M & A best practices with the Kaseya forum attendees,” said Stephenson. “As the volume of outside capital continues to increase within our sector, it’s important from both sides of the table to fully comprehend the ideal components and value creation levers which epitomize successful transactions.”
About Thrive
Thrive is a leading next generation managed services provider. The Thrive technology solutions suite utilizes Cloud, Cyber Security, Networking, Disaster Recovery and other pioneering managed services to help compliance-driven businesses solve complex IT issues. Thrive was acquired by M/C Partners in 2016 as a Northeast United States growth platform to service the Financial Services, Healthcare, Biotech, Life Sciences, Banking and other mid-market verticals. In developing this new technology service ecosystem, Thrive is uniquely positioned to offer compliance-based solutions to its valued client base.
To learn more, visit Thrive’s new and improved website www.ThriveNetworks.com and follow us on LinkedIn, Twitter, Google+ and Facebook.
Contacts:
Brian J. Hawthorne
VP of Marketing
617-952-0242