Case Studies
Northeast Investment Management Partners with Thrive to Enhance IT Resilience and Security
Northeast Investment Management, Inc. (NIM), a Boston-based investment firm managing nearly $3 billion in assets, partnered with Thrive to address its IT and cybersecurity needs. Thrive’s managed IT services provided a complete, outsourced technology solution, allowing the firm to focus on its core business while ensuring regulatory best practices, safeguarding client data, and enhancing remote accessibility.
By partnering with Thrive, Northeast Investment Management (NIM), a registered investment advisor (RIA) in Boston, overseeing nearly $3 billion in assets for individual clients and family offices, has reinforced its cybersecurity, maintained regulatory compliance, and improved operational efficiency. NIM recently moved its Boston office and relied on Thrive to transition their entire IT infrastructure to their new location.
Why Thrive Was Chosen
Northeast Investment originally began working with Tier1Net, a firm later acquired by Thrive, based on a trusted recommendation. Thrive’s proactive approach to IT management and expertise in investment advisory compliance made it a natural choice for NIM.
“Thrive’s knowledge of compliance, especially cybersecurity and privacy, gave us confidence that they could manage these complexities. Their specialized, single-source IT and security support keeps us on track with industry standards,” shared Richard Manoogian, Chief Compliance Officer.
Solutions Delivered
Thrive provided NIM with a comprehensive suite of services, spanning network management, software maintenance, data security, and staff training. Thrive managed NIM’s migration to ThriveCloud, ensuring a secure, cloud-based environment that provides peace of mind for NIM.
Manoogian added, “Thrive delivers everything from infrastructure management to cybersecurity training. They’re a true one-stop shop, even providing us with tools like phishing tests to keep our team vigilant and secure against evolving threats.
Thrive’s Impact
Partnering with Thrive allowed Northeast Investment to reduce operational risks while ensuring their technology infrastructure met the stringent regulatory requirements. Thrive’s expertise saved the firm time and costs by negating the need for additional in-house IT staff.
“With Thrive, we don’t have to worry about our IT systems. They’re proactive, knowledgeable, and dependable. This partnership lets us focus on our clients, knowing our data is secure and compliant,” said Manoogian.
“Thrive’s expertise means we can sleep easy knowing our systems are secure, and our team can work efficiently — no matter what challenges arise.” ~ Richard Manoogian, Managing Director, Chief Compliance Officer, Northeast Investment Management, Inc.
About Thrive
Thrive delivers global technology outsourcing for cybersecurity, Cloud, networking, and other complex IT requirements. Thrive’s NextGen platform enables customers to increase business efficiencies through standardization, scalability, and automation, delivering oversized technology returns on investment (ROI). They accomplish this with advisory services, vCISO, vCIO, consulting, project implementation, solution architects, and a best-in-class subscription-based technology platform. Thrive delivers exceptional high-touch service through its POD approach of subject matter experts and global 24x7x365 SOC, NOC, and centralized services teams. Learn more at www.thrivenextgen.com or follow us on LinkedIn.