Thrive Names Technology Sales Veteran John Panzica to Chief Revenue Officer Post

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.