Author Archives: Tori Pazda

FOXBOROUGH, Mass. – June 2, 2021 – Thrive, a premier provider of NextGen Managed Services, announces today that Jay Adams, chief financial officer, has been named a CFO of the Year by the Boston Business Journal (BBJ). This annual award recognizes the top CFOs and their teams who deliver the most outstanding performance for their Massachusetts companies.

As a native Bay Stater, Adams has more than three decades of experience in the financial field and has served as CFO of Thrive since its first injection of private equity capital by M/C Partners in 2016.  Jay currently manages Thrive’s finance, human resources, and legal departments, directly supervising sixteen employees.

During his tenure, Mr. Adams has overseen the acquisition of ten separate companies at Thrive, including two acquisitions during the COVID-19 pandemic in 2020.  Additionally, he handled the due diligence and financial management processes of an early January 2021 recapitalization with Court Square Capital and M/C Partners, resulting in an industry leading valuation.

“Jay’s recognition as one of BBJ’s CFOs of the Year is well deserved and couldn’t happen to a better employee, leader and person,” said Rob Stephenson, CEO of Thrive. “Jay’s expert financial management oversight is a huge component of Thrive’s success. He has successfully helped our company navigate the COVID-19 pandemic landscape with respect to revenue, billing, and collections, without taking a PPP loan or drawing down on a bank line of credit. Also, in just four short years, Jay has overseen Thrive’s more than tripling of revenue and number of employees.”

In its 13th year, the BBJ annual CFO of the Year awards program honors the best in local finance. Adams, alongside nine other individuals in various business sizes and categories, were chosen from a pool of more than 100 nominations of leaders in the Boston business community. A panel of judges, made up of past CFO honorees, BBJ leadership, and others in the financial field, vetted the nominations and determined this year’s honorees.

Coverage of the BBJ CFOs of the Year online at www.bizjournals.com/boston/, and the winners will be honored at a special virtual program hosted by BBJ on Thursday, July 14, 2021.

For more information about Thrive, click here.

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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 the highest level of security. For more information, visit thrivenextgen.com.

Thrive: LinkedIn, Twitter, Facebook, YouTube and Instagram

MEDIA CONTACT:

Stephanie Farrell

Director of Corporate Marketing

617-952-0289 | sfarrell@thrivenextgen.com

Thrive named ‘Most Innovative in Managed Security Service Provider (MSSP)’ and ‘Hot Company in Security Information Event Management (SIEM)’

FOXBOROUGH, Mass. – May 17, 2021 – Thrive a premier provider of NextGen Managed Services, announces it has won the following Cyber Defense Awards from Cyber Defense Magazine (CDM), the industry’s leading electronic information security magazine.

“Most Innovative in Managed Security Service Provider (MSSP)“

“Hot Company in Security Information Event Management (SIEM)”

“We’re thrilled to receive one of the most prestigious and coveted cyber security awards in the world from Cyber Defense Magazine,” said Rob Stephenson, CEO of Thrive. “We knew the competition would be tough and with top judges who are leading infosec experts from around the globe and we couldn’t be more pleased.”

As an MSSP, Thrive offers a Cyber Security Bundle that leverages its best in-class technologies to educate and ultimately protect end users. Thrive has worked hard to protect businesses and organizations by preparing a multi-layered cyber security plan that mitigates the enormous consequences a data hack can have. Thrive’s Cyber Security Bundle offers protection for end users against malware, social engineering, phishing, and ransomware.

Thrive’s SIEM-as-a-Service (SIEMaaS) solution delivers comprehensive investigation, analysis, and remediation. Since cyber threats are a constant challenge for organizations to predict and securely block, Thrive’s team of experts are able to provide real time, 24×7 monitoring of alerts generated by servers, networks, and cloud-based applications. No matter how regulated the industry, Thrive can cut through noise, detect and respond to threats, and provide customizable reports that offer insight into your business’s compliance performance.

“We scoured the globe looking for cybersecurity innovators that could make a huge difference and potentially help turn the tide against the exponential growth in cyber crime.  Thrive is absolutely worthy of these coveted awards and consideration for deployment in your environment,” said Gary S. Miliefsky, Publisher of Cyber Defense Magazine.

For more information about Thrive, please visit www.thrivenextgen.com.

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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 the highest level of security. For more information, thrivenextgen.com.

Thrive: LinkedIn, Twitter, Facebook, YouTube and Instagram 

MEDIA CONTACT:

Stephanie Farrell

Director of Corporate Marketing

617-952-0289 | sfarrell@thrivenextgen.com

About CDM InfoSec Awards

This is Cyber Defense Magazine’s ninth year of honoring global InfoSec innovators. Our submission requirements are for any startup, early stage, later stage or public companies in the INFORMATION SECURITY (INFOSEC) space who believe they have a unique and compelling value proposition for their product or service. Learn more at www.cyberdefenseawards.com

About the Judging

The judges are CISSP, FMDHS, CEH, certified security professionals who voted based on their independent review of the company submitted materials on the website of each submission including but not limited to data sheets, white papers, product literature and other market variables. CDM has a flexible philosophy to find more innovative players with new and unique technologies, than the one with the most customers or money in the bank. CDM is always asking “What’s Next?” so we are looking for Next Generation InfoSec Solutions.

About Cyber Defense Magazine

With over 5 Million monthly readers and growing, and thousands of pages of searchable online infosec content, Cyber Defense Magazine is the premier source of IT Security information for B2B and B2G with our sister magazine Cyber Security Magazine for B2C. We are managed and published by and for ethical, honest, passionate information security professionals. Our mission is to share cutting-edge knowledge, real-world stories and awards on the best ideas, products and services in the information technology industry.  We deliver electronic magazines every month online for free, and special editions exclusively for the RSA Conferences. CDM is a proud member of the Cyber Defense Media Group. Learn more about us at https://www.cyberdefensemagazine.com

Welcome back to another installment of our “Thrive Employee Spotlight” blog series.

Our featured Thrive Employee is Kevin Ellis. Kevin is the Vice President of Sales for Thrive.

Kevin currently manages new business development and works with businesses of all sizes to understand their technology challenges and deliver a customized solution. He’s been at Thrive for 15 years and has his finger on the pulse of sales best practices and technical knowledge to share with his top-notch sales team.

Kevin lives in Massachusetts with his wife, three sons, and a dog. In his spare time, you’ll find Kevin shuttling his sons to basketball tournaments, and lacrosse and football games and practices. When he’s not cheering on his sons at their sporting events, he enjoys hitting the green to play a little golf.

Hi Kevin! Can you tell us about your background and how you came to Thrive?

I graduated from UMASS with a bachelor’s degree in Business Administration with a concentration in Marketing. After college, I hit the pavement in copier sales because I liked working with people. A short time later, I found the perfect opportunity at Thrive and have been here 15 years and counting!

I spend much of my time working within the Alternative Investment Community, specifically with Private Equity Funds and by extension their portfolio companies. I enjoy the pace of this segment and getting exposure to many different types of companies and growth strategies.

In addition to sharing technical knowledge and sales best practices, I’m often asked to work with and train new, onboarding employees.

What do you most enjoy about working for Thrive?

Historically, it has been how the technology landscape is continuously changing and the industry trends are always shifting. It keeps things fresh. It feels like you’re always learning new technologies, products, and services.

I also enjoy the fast pace of Thrive. Over the last three to five years, we have seen unprecedented growth, both organically and via acquisition. Being an integral part of this growth strategy is incredibly challenging and fulfilling for me.

Most importantly, it’s the people. It doesn’t matter how much you like the products and services that you sell if you can’t enjoy the company of the people you work with. We are fortunate to have phenomenal company camaraderie with so many genuine, talented, and driven technology professionals here at Thrive.

Any recent exciting projects at Thrive that you can tell us about?

Currently, I’m working on a lot of security solutions for our customers. We couple Next-Generation services, like Security Information and Event Management, Endpoint Detection, and Response, and tie those into our Security Operations Center and ServiceNow platform to deliver automation and self-service capabilities.

Our proven methodologies and deep NextGen portfolio of Cloud, Security, Networking, and Business Continuity services continue to make Thrive stand out in a crowded marketplace.

I am excited by a slew of digital transformation projects that are currently underway for businesses of all sizes. Our expert team creates a one-stop-shop solution for businesses to optimize their workflow, streamline reporting, and safeguard data, all while making the most of the investments they have already made in their digital and collaboration tools. I’m motivated by how Thrive enables businesses to remain competitive by adapting to the speed of new business while saving valuable time and resources.

Are you interested in learning more about Thrive? Click here!

And please don’t forget to follow us on LinkedIn, Twitter, Facebook, YouTube and Instagram for the latest news, and continue checking our blog for more in our “Thrive Employee Spotlight” series. Until next time…

CRN honors over 1000 women whose channel expertise and vision are deserving of recognition.

Thrive’s Platform recognized as a strategic business IT transformation solution

FOXBOROUGH, Mass. – May 11, 2021 – Thrive has been named a winner of the Gold Stevie® Award in the Best Technical Support Solution – Computer Technologies category for the 19^th Annual American Business Awards®.

The Stevie® Awards are the world’s premier business awards. There are eight Stevie Awards programs, each with its own focus, list of categories, and schedule, including The American Business Awards®, which invites all organizations operating in the U.S. to submit nominations – public and private, for-profit and non-profit, large and small.

More than 3,800 nominations – a record number – from organizations of all sizes and in virtually every industry were submitted this year for consideration. The winners were determined by more than 250 professionals worldwide.

Thrive was nominated in the Best Technical Support Solution – Computer Technologies category for its Thrive Platform, a unique NextGen IT service delivery and account management platform that guarantees continuous application and performance availability while eliminating IT concerns regarding security, compliance, governance, reliability and scalability.

“We are honored to receive the Gold Stevie Award and want to congratulate all of this year’s winners,” said Rob Stephenson, CEO of Thrive. “Thrive is transforming IT service management for enterprises operating with a remote workforce. Our platform enables businesses to address their IT concerns in one place with the ability to access the portal on any device from anywhere with overall faster service delivery.”

Within the last six months, businesses using the Thrive Platform experienced a 15% increase in end-user productivity, a 25% faster support resolution on complex cases, a 95% reduction in overall delivery time, and a 25% reduction in the client’s time spent on routine IT tasks.

Thrive’s efforts earned praise from the Stevie Awards judging panel:

• “This is an inspirational story of business success. Keep up the good work!”
• “Overall nice support strategy to transform how IT can be done in today’s remote environment where human resources are remote.”
• “Thrive’s software is really great for the SMB segment for bigger companies they can integrate with ServiceNow themselves.”
• “For all those with custom workflows and easy to follow directions Thrive Platform makes life easier.”
• “This product is very important when everyone is working from home, making IT support even more valuable.”

“The American economy continues to show its resilience, and as we’re poised on the beginning of what should be a phenomenal period of growth, we celebrate the remarkable achievements of a wide range of organizations and people over the past 18 months,” said Stevie Awards president Maggie Gallagher.  “This year’s Stevie-winning nominations in The American Business Awards are testament to the ingenuity, the commitment, the passion, the adaptability, and the creativity of the American people.  We look forward to celebrating this year’s winners during our virtual ceremony on June 30.”

Details about The American Business Awards and the list of 2021 Stevie winners are available at www.StevieAwards.com/ABA.

For more information about Thrive, please visit www.thrivenextgen.com.

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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 the highest level of security. For more information, visit thrivenextgen.com

Thrive: LinkedIn, Twitter, Facebook, YouTube and Instagram

MEDIA CONTACT:

Stephanie Farrell

Director of Corporate Marketing

617-952-0289 | sfarrell@thrivenextgen.com

About the Stevie Awards

Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. The Stevies also produce the annual Women|Future Conference.  Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

Thrive Leading the Next Generation of Managed Service Providers

Sixth-Annual List Reveals Leading MSPs in Healthcare, Legal, Government, Financial Services & More

FOXBOROUGH, Mass. – April 29, 2021 –  Thrive has been named to After Nines Inc.’s ChannelE2E Top 100 Vertical Market MSPs list and research for 2021. The annual list and research (hashtag: #MSP100) identify and honor the top 100 managed services providers (MSPs) in healthcare, legal, government, financial services, manufacturing, and additional vertical markets.

Thrive ranked number three for Financial Services among the top vertical market MSPs.  In addition, Thrive earned the number seven ranking overall in the MSP 100. Both of Thrive’s rankings climbed two spots from 2020.

“Thrive is thrilled to be recognized for single-digit rankings by the MSP community and this prestigious list,” said Rob Stephenson, CEO of Thrive. “These admirable industry rankings reflect Thrive’s growth strategy and commitment to optimize our clients’ business application performance with Thrive’s NextGen Platform of Cloud, Security, Networking, and Business Continuity services, powered by the automation and self-service capabilities of ServiceNow.”

This year’s Top 100 Vertical Market MSP research results are particularly impressive. MSP honorees successfully navigated the coronavirus pandemic and grew their managed annual vertical market revenue 25 percent on average. In stark contrast, total small business revenue in the United States fell 27.5 percent from January 2020 through March 2021, according to TrackTheRecovery.org.

The Top 100 Vertical Market MSPs rankings are based on ChannelE2E’s Q4 2020 and January 2021 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.

This year’s research revealed several key MSP market trends, including:

• Honorees generated a combined $1.40 billion in vertical market annual recurring revenue (ARR) in 2020, up from $1.12 billion million in 2019. The surge involved organic growth combined with continued merger and acquisition (M&A) activity.
• The most successful vertical market MSPs are zeroing in on healthcare and financial services, while MSPs in the legal and not-for-profit sectors also showed particularly strong growth.
• The Top 100 Vertical Market MSPs now manage more than 3.1 million users across their customer sites as of 2020, up from 2.8 million in 2019.
• MSPs consider their top vertical market technology partners to be Microsoft (58%), Dell Technologies (19%), Cisco Systems (17%), ConnectWise (16%), and Amazon Web Services (14%). Datto, Fortinet, Ingram Micro, and Pax8 also earned a strong MSP response.

“After Nines Inc. congratulates Thrive on this honor,” said Amy Katz, CEO of After Nines Inc. “Businesses worldwide depend on the Top 100 Vertical Market MSPs for cybersecurity, automation, and revenue-generating technology services – especially amid the coronavirus pandemic.”

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: www.channelE2E.com/top100

Thrive has experienced monumental growth through ten acquisitions in under five years. The company continues to enhance its technology portfolio with Thrive’s Microsoft Collaboration and Digital Transformation Services and Thrive’s NextGen Platform of Cloud, Security, Networking, and Business Continuity services. For more information about Thrive, please visit www.thrivenextgen.com

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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 the highest level of security. For more information, thrivenextgen.com.

Thrive: LinkedIn, Twitter, Facebook, YouTube and Instagram

MEDIA CONTACT:

Stephanie Farrell

Director of Corporate Marketing

617-952-0289 | sfarrell@thrivenextgen.com

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).

We are thrilled to announce that Thrive has been named a finalist in the 2021 Excellence in Customer Service Award presented by Business Intelligence Group.

Our Platform was recognized for its innovation and optimization of business performance by equipping customers with highly-secure and adaptable solutions, and guaranteeing continuous application and performance availability while eliminating daily IT concerns regarding security, compliance, governance, reliability, and scalability.

The Thrive Platform has helped enterprises deal with the unexpected shift to a fully-remote workforce caused by the COVID-19 pandemic by allowing customers to address their IT concerns in one place with the ability to access the portal on any device, from anywhere, at any time with overall faster delivery of service.

With The Thrive Platform, our customers experienced a 15% increase in end-user productivity, a 25% faster support resolution on complex cases, a 95% reduction in overall delivery time, and lastly, a 25% reduction in the customers’ time spent on routine IT manual task management.

We are excited to be recognized by the Business Intelligence Group as we keep striving to ensure your business success!

To learn more, click here.