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Thrive Acquires Edge Technology Group to Become the Leading Cybersecurity Managed Services Provider for the Global Financial Community | PR Newswire

3 min read

Edge Engineering Team will aid introduce Thrive’s award-profitable Cyber, Cloud & Automation System into Asia while amplifying their current North American & Uk Operations

FOXBOROUGH, Mass., June 30, 2022 /PRNewswire/ — Prosper, a premier service provider of Cybersecurity and Electronic Transformation Managed Solutions, announced right now that it has acquired Connecticut-dependent Edge Technological know-how Group, a foremost world wide technologies advisory and thoroughly-managed IT provider provider for alternative expense managers. The acquisition of Edge Technological innovation Group provides new world workplaces and information centers across the United Kingdom, Australia, Singapore, Hong Kong, and the Philippines, strengthening Thrive’s worldwide existence for all customers. Edge clients, such as hedge funds, personal equity corporations, household offices, and asset managers throughout the earth, will now profit from Thrive’s future-era managed cybersecurity, collaboration, and cloud companies.

Founded in 2007, Edge is a world-wide technological know-how advisory and completely managed Monetary Services IT services company that supplies advisory companies and cloud computing options to alternate financial commitment supervisors. Edge serves extra than 300 hedge fund, asset supervisors, non-public fairness, REIT, and wealth management clientele, delivering community cloud configurations that are designed to deal with the distinct business enterprise requirements of this disparate client base. Edge Technological know-how Team has 265 staff that involve a crew of consumer-centered IT strategists and engineers.

“Edge Know-how Team is the leading Monetary Business MSP in the planet,” said Rob Stephenson, Thrive’s CEO. “Their gifted engineering and account management groups will now have access to the Prosper Automation System and our 24x7x365 complete suite of Cybersecurity SOC solutions to greatly enhance the Edge shopper practical experience.”

“As a founder-owned managed providers company, we are entirely immersed in advancing clients’ alternate financial investment tactics by means of our IT advisory products and services and cloud computing methods,” stated Jim Nekos, CEO, Edge Technologies Group. “Edge is thrilled to be a part of the Prosper relatives as their shopper-initial motivation is flawlessly aligned with ours and their state-of-the-art cybersecurity, automation, collaboration and managed providers platform will expedite our customers’ Digital Transformation journey.”

By this acquisition, Thrive will now have more than 1,000 employees serving purchasers around the entire world, solidifying their situation as the leading engineering outsourcing provider for the Economical Sector. Edge Technologies Team marks the fourth acquisition by Prosper in 2022 and cements Thrive’s global position as a major technological innovation company delivering stop-to-end managed expert services and unmatched expertise to drive safe digital transformation.

Canaccord Genuity served as the distinctive financial advisor to Edge. Dechert LLP served as authorized counsel to Court Sq. Money. Alliance Bernstein, Morgan Stanley, NXT, Northwestern Mutual and Churchill provided funding for the transaction.

For more details on Thrive, check out thrivenextgen.com.

About Prosper

Thrive is a major service provider of NextGen managed solutions created to drive company results through application enablement and optimization. The firm’s Prosper5 Methodology makes use of a one of a kind mixture of its Software General performance System and strategic services to be certain just about every business software achieves peak general performance, scale, uptime, and the best amount of protection. For extra information and facts, thrivenextgen.com.

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About Edge Technologies Team

Edge Technological innovation Team is a sector-targeted consultancy, solely representing choice investment decision administrators globally. Edge provides entirely managed IT services and full cloud methods. The firm provides fast, flexible and proprietary remedies that fulfill the wants of hedge money, non-public fairness firms, family members workplaces and asset professionals around the globe. Edge has 8 areas throughout Asia Pacific, Europe and the US, together with Singapore, Hong Kong, Sydney, London, New York, San Francisco, Austin and Greenwich, CT.

About Court Sq.

Court Square is a center current market non-public equity business with just one of the most expert expenditure teams in the business. Because 1979, the team has finished about 235 investments, such as various landmark transactions, and has designed several corporations into leaders in their respective marketplaces. Court docket Sq. invests in providers that have persuasive expansion possible within the business solutions, normal industrial, healthcare, and technology and telecommunications sectors. The agency has $7. billion of property below administration and is based mostly in New York, N.Y. For more facts on Court Sq., you should visit www.courtsquare.com.

MEDIA Speak to:

Patrick Reilly

Zer0 to 5ive for Prosper

[email protected] 

732-687-4683

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