TEWKSBURY – Thrive ranks among the world’s Top 100 cloud services providers (CSPs), according to Channel Futures seventh-annual Talkin’ Cloud (TC) 100 report, coming in at #44.
The full list is available now by visiting ChannelFutures.com.
Based on data from Channel Futures’ online survey, conducted between August to October 2017, the TC 100 list recognizes top cloud services providers (CSPs), including MSPs, hosting companies, cloud consultants and more. Rankings are based on annual cloud services revenue growth, and input from Channel Futures editors.
“We’re honored to have been recognized by Talkin’ Cloud in 2017 as an industry leader in Managed Cloud Solutions based on our continued growth,” said Rob Stephenson, Thrive’s CEO. “We’re constantly making significant investments in our own cloud platform as well as Thrive’s Public Cloud Management Practice in order to meet growing customer demand. Thrive’s additional valued-added cyber security, network performance and compliance-management services provides our clients with a superior level of confidence around their SaaS and Cloud-based applications functionality on a daily basis.”
“On behalf of Channel Futures, I would like to congratulate Thrive for its recognition as a Talkin’ Cloud 100 honoree,” said Nicole Henderson, a contributing editor at Channel Futures who oversees the TC 100 project. “The organizations on this year’s list demonstrate everything from technological prowess to thought leadership to business excellence across a number of functional disciplines. If you want to understand where the market is heading, watch these companies in 2018.”
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 (www.mcpartners.com) in 2016 as a Northeast United States growth platform to service the Financial Services, Healthcare, Biotech, Life Sciences and regional Banking verticals. In developing this new technology services ecosystem, Thrive is uniquely positioned to offer compliance-based solutions to its vertically-focused client base.
To learn more, visit Thrives new and improved website www.ThriveNetworks.com and follow us on LinkedIn, Twitter, Google+ and Facebook.
About Informa
The Channel Futures brand is part of Informa which operates at the heart of the Knowledge and Information Economy. It is a leading business intelligence, academic publishing, knowledge and events business. For additional information on Informa, visit www.Informa.com and for information on Channel Futures, visit www.ChannelFutures.com.
Tewksbury, MA – November 2, 2017– Thrive, a leading provider of next generation managed services, proudly announced today that John Panzica has joined the company as their new head of sales. Mr. Panzica has successfully led winning sales and marketing teams for more than 25 years with a strong track record of delivering consultative, technology solutions revenue growth.
Prior to joining Thrive, Mr. Panzica most recently served as a senior vice president at vXchnge, where he helped the company evangelize the cloud enabled ecosystem segment, resulting in more than $20M in annualized sales. Prior to vXchnge, Mr. Panzica was the senior vice president of sales and marketing at FiberMedia (acquired by vXchnge) and was responsible for the re-launch of the company’s sales and marketing efforts. John was also the founder and vice president of the financial services practice at Switch and Data where he architected a business catering to high frequency trading, low latency market data and proximity trading, closing more than $12M in revenue in just over one year. Mr. Panzica also held senior level sales management positions at InterNAP, MCI and AmeriPak.
“I’m elated to be joining a great executive management team,” said Panzica. “Thrive is building something special with unique cloud enablement, cyber security and next generation mission critical services that will provide much needed innovation to the managed services industry. I look forward to continuing upon the company’s recent successes and helping our team soar to even higher heights.”
“We’re very excited to have John join our executive team,” said Rob Stephenson, Thrive’s CEO. “Mr. Panzica is a proven executive with a strong track record of delivering consultative solutions that provide our customers with direct, measurable benefits. John will be a tremendous asset to Thrive in both his sales leadership and overall executive leadership roles.”
Mr. Panzica will be based in New York City, working side by side with Chief Strategy Officer, Marc Pantoni, after Thrive’s recent acquisition of Precision IT.
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. Founded in 2001, Thrive’s mandate is to provide exceptional support though its advanced MSP tools, highly trained engineering teams and a fervent dedication to customer success. Thrive was acquired by M/C Partners (www.mcpartners.com) in 2016 as a Northeast United States growth platform to service the Financial Services, Healthcare, Biotech, Life Sciences and regional Banking verticals. In developing this new technology services ecosystem, Thrive will be uniquely positioned to offer compliance-based solutions to its vertically focused client base.
To learn more, visit Thrives new and improved website www.ThriveNetworks.com and follow us on LinkedIn, Twitter, Google+ and Facebook.
Thrive Expands Presence to New York with Precision ITTEWKSBURY, MA, – Thrive, a leading provider of next generation managed services, proudly announced today that they’ve completed the acquisition of Precision IT, a highly respected New York City based managed services provider (MSP). Precision IT provides Thrive with instant credibility in the New York Tri-State area, a financial services driven practice with extensive technical, compliance-management capabilities and a much deeper engineering base of talent for supporting the combined customer-base. Led by CEO Marc Pantoni, Precision IT has grown to become a well-respected and recognized MSP in New York City and the surrounding region. Precision IT’s service portfolio includes a consultative approach to the provision of managed services, cloud hosting, backup, disaster recovery solutions, project management, asset management and procurement services.
“Thrive is pleased to welcome Precision IT to our family. This addition is a win-win for both companies and our customers, adding an extensive track record of supporting the financial services sector to Thrive, as well as a deeper cyber security and public and private cloud management platform to Precision IT’s New York-based clientele,” said Rob Stephenson, Thrive CEO.
The merger of these two companies now forms one of the largest managed services providers in the Northeast United States with nearly 200 employees.
“On behalf of everyone at Precision IT, I’m very excited about this opportunity to join one of the most respected and capable technology advisory firms in our region,” said Marc Pantoni, Precision IT’s CEO. “The additional cyber security and cloud services expertise that Thrive can offer to our customers is one of the driving factors for combining our companies and creating a more comprehensive MSP platform.”
Mr. Pantoni will become Thrive’s Chief Strategy Officer, a Board Director and the Managing Partner for New York Operations. In December of 2016, private equity firm M/C Partners announced that they had closed on the acquisitions of Thrive Networks and Corporate IT Solutions. Today, Precision IT now becomes the third member to join the Thrive platform within the past year.
“M/C Partners continues to be extremely bullish on the managed services industry. As a result, we’re pleased to finalize the Precision IT deal with Thrive to form a stronger technology services company for our customers,” said Gillis Cashman, Thrive Chairman and a Managing Partner at M/C Partners. “Precision IT complements Thrive perfectly, creating deeper geographic, product set and financial services sector coverage.”
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. Founded in 2001, Thrive’s mandate is to provide exceptional support though its advanced MSP tools, highly trained engineering teams and a fervent dedication to customer success. Thrive was acquired by M/C Partners (www.mcpartners.com) in 2016 as a Northeast United States growth platform to service the Finance, Healthcare, Biotech, Insurance, E-Commerce and Educational verticals. In developing this new technology services ecosystem, Thrive will be uniquely positioned to offer compliance-based solutions to its vertically focused client base.
To learn more, visit Thrives new and improved website www.ThriveNetworks.com and follow us on LinkedIn, Twitter, Google+ and Facebook.
About Precision IT Group
Recognized as a top MSP, both nationally and internationally, Precision IT relies on less automation and more personalized service. Precision provides a wide range of expertly engineered solutions and information technology to SMB and enterprise clients. Precision IT Group’s service portfolio includes a consultative approach to the provision of managed IT services, cloud hosting, backup and disaster recovery solutions, project management, asset management and procurement services.
Precision IT spoils every customer with the personal touch of a small, devoted support team and 24×7 helpdesk. Because the company recruits not only masterful technical skills, but also seeks well-rounded business professionals, the sophisticated culture of the company is appreciated by clients who welcome the Precision staff into their office. This symbiotic relationship between excellent corporate culture and a high level of technical skills is what makes Precision IT one of the most highly regarded and respected information technology consulting firms in the industry.
Precision IT is headquartered in New York City.
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.
Thrive Acquires New York MSP Precision IT for Financial Services PushThrive (aka Thrive Networks) has acquired Precision IT, a managed services provider (MSP) in New York City that has financial services expertise.
Thrive Recognized by CRN and MSPmentor as a Top IT Service Provider in 2017 RankingsTewksbury, MA (July 19, 2017) – Thrive, a leading provider of next generation IT services in the northeast, proudly announced today that it has been named to CRN’s 2017 Solution Provider 500 List and is also ranked among the Top 501 Managed Service Providers by MSPmentor. Both awards reinforce Thrive’s experience, processes, and focus to meeting the specific needs of their clients and providing the highest levels of customer service and support.
The Solution Provider 500 is CRN®’s annual ranking of the largest technology integrators, solution providers and IT consultants in North America by revenue and is their predominant channel partner award list, serving as the industry standard for recognition of the most successful solution provider companies since 1995.
“CRN’s Solution Provider 500 list spotlights the North American IT channel partner organizations that have earned the highest revenue over the past year, providing a valuable resource to vendors looking for top solution providers to partner with,” said Robert Faletra, CEO of The Channel Company. “The companies on this year’s list represent an incredible, combined revenue of over $318 billion, a sum that attests to their success in staying ahead of rapidly changing market demands. We extend our sincerest congratulations to each of these top-performing solution providers and look forward to their future pursuits and successes.”
MSPmentor’s MSP 501 ranks the world’s most progressive 501 Managed Service Providers (MSPs), according to their 10th-annual Worldwide Company Rankings. The companies ranked this year include organizations from around the world and from diverse technology and business backgrounds. Collectively, they amassed $14.48 billion in total revenue (based on 2016 results), up more than 15 percent from 2015.
“On behalf of MSPmentor, I would like to congratulate Thrive for its recognition as an MSP 501 honoree,” said Aldrin Brown, Editor in Chief, MSPmentor. “The managed service provider market is evolving at a rapid pace and the companies showcased on the 2017 MSP 501 list represent the most agile, flexible and innovative organizations in the industry.”
“We’re honored to be recognized by both CRN and MSPmentor as an industry leader in providing next generation, valued added services to our clients, and for our continued growth,” said Rob Stephenson, chief executive officer, Thrive. “We’ve made significant investments in key solutions areas including cyber security, cloud, disaster recovery as a service (DRaaS), and compliance, along with our industry leading engineering team.”
To learn more, visit Thrives new and improved website www.ThriveNetworks.com and follow us on LinkedIn, Twitter, Google+ and Facebook.
Thrive to Exhibit at the 2017 Channel Partners Conference & ExpoTewksbury, MA (April 10, 2017) – Thrive, a leading next generation managed services provider and MSPMentor Top 100 company, announced today that they’ll be exhibiting at the Channel Partners Conference & Expo at the Mandalay Bay Resort & Casino in Las Vegas, NV, April 11-13, 2017.
Thrive will be showcasing a new managed services platform of next generation IT solutions, which include Cloud, Cyber Security, Networking, Disaster Recovery and traditional managed IT infrastructure. Thrive serves mid-market, enterprise and emerging companies globally with a specific concentration in compliance-driven markets such as Financial Services, Healthcare, Biotech, E-Commerce, Retail, Education and others.
“The Channel Partner Show is a great opportunity to showcase our next generation managed services, along with highlighting the new Thrive corporate brand.” said Rob Stephenson, Thrive CEO. “We’re committed to working with our channel partners to help their clients solve complex IT issues with our innovative solutions.”
The 20th Anniversary of the Channel Partners Conference & Expo (https://tmt.knect365.com/channel-partners-expo/) is an annual conference that attracts thousands of technologists in an educational forum to learn more about the latest industry trends from over 100 industry-leading speakers. Event attendees are encouraged to visit Thrive at Booth #766 during exhibitor hours of Tuesday, 4:00PM -7:00PM, Wednesday, 2:00PM – 6:00PM or Thursday, 10:00AM to 2:00PM.
About Thrive
Thrive is a leading next generation managed services provider based in Tewksbury, Massachusetts with offices in NY, Chicago, San Francisco, and Charleston, SC. 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. Founded in 2001, Thrive’s mandate is to provide exceptional support though our advanced MSP tools, highly trained engineering teams and a fervent dedication to customer success. Thrive was acquired by M/C Partners (www.mcpartners.com) in 2016 as a Northeast United State growth platform to service the Finance, Healthcare, Biotech, Insurance, E-Commerce and Educational verticals.
To learn more, visit Thrives new and improved website www.ThriveNetworks.com and follow us on LinkedIn, Twitter, Google+ and Facebook.
M/C Partners Acquires 2 MSPs, Thrive Networks, Corporate IT SolutionsM/C Partners, a private equity firm, has acquired Thrive Networks and Corporate IT Solutions, creating one of the largest managed services providers (MSPs) in the northeast, the buyer claims.
M/C Partners Closes on the Acquisitions of Thrive Networks and Corporate IT SolutionsBoston, MA – December 7, 2016 – M/C Partners today announced that it has closed on the acquisitions of Tewksbury, MA-based Thrive Networks, a subsidiary of Manhattan Telecommunications Corporation, and Norwood, MA-based Corporate IT Solutions. The merger of these two companies will form one of the largest managed IT services providers in the Northeast United States under the Thrive brand.
“M/C Partners is excited to acquire these two well respected entities and merge them together to create an exceptional technology services platform,” said Gillis Cashman, Managing Partner at M/C Partners. “These organizations will complement one another perfectly, thus enhancing their mid-market and enterprise customer experiences with additional resources, engineering depth and a new product portfolio. We expect this transaction to be the first in a series of acquisitions that enable Thrive to penetrate additional geographic markets on the East Coast.”
Thrive Networks was previously owned by parent company, Manhattan Telecommunications Corporation (“MetTel”), and Corporate IT Solutions was privately held by President & CEO, Michael Cook, who will be staying onboard Thrive as a Managing Partner and Board Member. Both MetTel and Mr. Cook will be investors in Thrive, with MetTel’s Board seat held by Steven Tunney, Executive Vice President of Strategy at MetTel, and Corporate IT Solution’s Board seat held by Mr. Cook. MetTel will remain as a wholesale partner for Thrive, continuing to leverage Thrive’s technology products for MetTel’s customer base. Thrive will be run by CEO Rob Stephenson, former executive at Access Northeast and Xand, who has been consulting at Thrive under MetTel’s direction for the past year. Mr. Stephenson will also be an investor and a Board Member.
In developing this new technology services platform, Thrive will be uniquely positioned to offer compliance-based solutions to its financial services, healthcare, insurance, technology and education customer base
As Thrive’s primary financial investor, M/C Partners will contribute its extensive experience in the technology and communications services markets. M/C has been a leading investor in this sector for more than two decades, having previously invested in Lightower, Zayo, Involta, Ensono, Fusepoint, Attenda, Denovo and others. Pacific Mercantile Bank (NASDAQ, PMBC) has been selected as an additional financing partner for this transaction. Legal counsel for M/C Partners was provided by Choate, Hall & Stewart LLP.
About Thrive Networks
Thrive Networks, a leading New England-based managed services provider, delivers a portfolio of outsourced technology services that included cloud, hosting, security, disaster recovery, backup, replication, network management, device management, storage, virtualization and more. For nearly two decades, Thrive has leveraged leading vendor technologies, its vast technical engineering talent and a fanatical dedication to client support to service hundreds of mid-market customers across the United States. For more information, please visit www.thrivenetworks.com.
About Corporate IT Solutions
Corporate IT Solutions, Inc. delivers a customized comprehensive portfolio addressing the complete technology lifecycle — planning, designing, integrating, operating and optimizing networking and system solutions. The company also works closely with customers throughout implementation and post-implementation, offering management expertise and support. Corporate IT Solutions has a focus on service delivery through three primary lines of business including Managed Services, Hosted Services and Professional Services. Corporate IT Solutions’ expertise in each of the above areas allow it to provide clients with reduced operational and capital expenditures in technology while providing quality services and stability. For more information, please visit www.corpitsol.com.
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, 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.
About Manhattan Telecommunications Corp.
MetTel is a leading global provider of customized, integrated and managed communications solutions for enterprise customers. By converging all communications over a proprietary network, MetTel enables enterprise companies to easily deploy and manage technology-driven voice, data, wireless and cloud solutions globally. Combining customized and managed communication solutions with a powerful platform of cloud-based software, the company’s MetTel Portal® enables customers to manage their inventory, usage, spend and repairs from one simple, user friendly interface. MetTel was founded in 1996 and is headquartered in New York City. For more information, please visit www.mettel.net.
For media inquiries, please contact Kevin Ellis at: 978-243-1431 or email at: kellis@thrivenextgen.com
How Do Delta Backups Work?To be securely protected, you need to maintain many historical copies of your data for point-in-time recovery. However, these can take up a lot of space unless you use some sort of “delta” or “incremental” backup system.
Incremental backups are different than full backups because they only copy over the files or data blocks that have recently changed.
There are 3 leading methodologies for performing incremental or delta backups, and it’s important to understand how each one will impact your recovery process before implementing.
To illustrate, we’ll use the example of a company with a 30-day backup cycle. Once per month, they perform a full system backup, and then they only copy over their changed data daily.
After 30 days, they perform another full backup and start the cycle again from day 1.
Differential Incremental (Efficient Delta Backups)
With cumulative incremental backups, you only copy the data that has been changed since the previous day. (Or backup cycle) This is a compact and efficient way to perform incremental delta backups.
However, the recovery process can be complex.
If you need to recover on day 28 of the cycle, you need to reload the first full backup, and then load each one of the 27 following incremental before you can begin recovering. This complexity can lead to longer recovery times, and it also creates opportunities for errors and backup failures.
Cumulative Incremental (Fast, Simple Recovery)
With cumulative backups, you only copy the data that has changed since day 1 of the backup process. This approach has the disadvantage that the daily backups will get larger towards day 28 of the cycle. However, the recovery process is greatly streamlined since you only need to load the first full backup copy, followed by the most recent incremental backup.
So when choosing between differential and cumulative, you need to decide between backup efficiency and recovery performance. But there is another method that offers the efficiency of a differential incremental backup, with the recovery performance of a cumulative incremental backup.
Progressive Backups (Best of Both Worlds)
Progressive backups are often called “incremental forever” backups.
A progressive backup copies over changed data in a way that’s similar to differential incremental backups. However, these backups are then passed along to a special backup server which can recompile these fragments into a single “full” backup set that can be downloaded any time a recovery is necessary.
Unlike the cumulative and differential approaches, backups do not need to be manually reconstructed as part of the recovery process. Instead, the administrator can request the full backup version from the backup server. This is an incredibly efficient and error-free way to perform emergency recoveries.
As an added benefit, the progressive paradigm does away with the need to perform full system backups every thirty days. Instead, you perform one full backup on day 1 and copy over incremental changes forever. The backup software is intelligent enough to track and organize these changes efficiently, and to rebuild your data from any point in time when you need it.
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Database Backups: Logical vs. Physical, Hot vs. ColdBecause databases support business-critical applications, it’s important you implement a solid data protection and disaster recovery process from the very beginning. Strong fundamentals are important at this early stage because it will be harder to modify your backup process further down the road.
You need to implement an air-tight backup plan — based on strong fundamentals — early on, and stick to it for the long term.
When it comes to database backups, you first need to determine whether you will be employing “Cold” or “Hot” backups and whether you need to recover “Physical” or “Logical” data elements as part of a data protection plan.
Cold vs. Hot Database Backup
A Cold backup process requires the database to be locked up or shut down during backup. This is the simplest and most common method used to back up databases.
A Hot database backup can be performed at any time because they do not require that the database server be taken offline for maintenance. (Although some Hot methodologies do place temporary locks on certain parts of the database) Hot backups are better suited for companies that do business on a twenty-four-hour basis or have little tolerance for downtime.
Your choice of Hot or Cold backups should be covered as part of your Recovery Time Objectives (RPOs).
Logical vs. Physical Database Backups
Once you’ve decided on your uptime requirements, you need to make decisions about what kind of data you will be backing up from your databases.
- Physical Files, such as text files, are stored as a single document on your hard drive. Although databases consist of many complex elements, these are usually aggregated into simple files on your server’s hard drive. These files can easily be backed up just like any other files on your system.
- Logical Data Elements such as tables, records, and their associated metadata are stored across many different locations. Backups for tables and other logical database elements usually require special tools that are designed to work with your specific database platforms. Although these types of backups are more complex, they offer more granular recovery capabilities. This is especially true when doing point-in-time recovery of tables that involve complex transactions and inter-dependencies.
Logical database backups are critical for the granular recovery of specific components. Physical backups are useful for full disaster recovery scenarios.
The choice between Logical and Physical database backups should be covered as part of your Recovery Point Objectives (RPOs).
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