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

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Edge Know-how Group will assistance introduce Thrive’s award-profitable Cyber, Cloud & Automation System into Asia while amplifying their present North American & British isles Operations

FOXBOROUGH, Mass., June 30, 2022 /PRNewswire/ — Prosper, a leading service provider of Cybersecurity and Digital Transformation Managed Providers, introduced now that it has acquired Connecticut-primarily based Edge Engineering Group, a main international engineering advisory and fully-managed IT support service provider for alternate financial investment professionals. The acquisition of Edge Technological innovation Team provides new international offices and data centers throughout the United Kingdom, Australia, Singapore, Hong Kong, and the Philippines, strengthening Thrive’s worldwide existence for all buyers. Edge clients, like hedge cash, non-public equity corporations, loved ones places of work, and asset administrators throughout the planet, will now advantage from Thrive’s following-generation managed cybersecurity, collaboration, and cloud products and services.

Founded in 2007, Edge is a international know-how advisory and completely managed Economic Expert services IT support supplier that offers advisory services and cloud computing alternatives to alternate expenditure administrators. Edge serves much more than 300 hedge fund, asset professionals, private equity, REIT, and prosperity administration clientele, delivering public cloud configurations that are developed to deal with the distinctive business demands of this disparate client foundation. Edge Technologies Group has 265 personnel that include things like a workforce of client-centered IT strategists and engineers.

“Edge Technology Team is the major Financial Field MSP in the entire world,” stated Rob Stephenson, Thrive’s CEO. “Their gifted engineering and account management teams will now have obtain to the Prosper Automation Platform and our 24x7x365 in depth suite of Cybersecurity SOC products and services to enhance the Edge shopper experience.”

“As a founder-owned managed providers company, we are thoroughly immersed in advancing clients’ option investment decision practices via our IT advisory services and cloud computing solutions,” said Jim Nekos, CEO, Edge Technological innovation Team. “Edge is thrilled to join the Thrive relatives as their client-very first determination is completely aligned with ours and their sophisticated cybersecurity, automation, collaboration and managed expert services system will expedite our customers’ Electronic Transformation journey.”

By means of this acquisition, Thrive will now have above 1,000 employees serving customers all around the planet, solidifying their place as the top engineering outsourcing service provider for the Economical Sector. Edge Technology Group marks the fourth acquisition by Prosper in 2022 and cements Thrive’s world placement as a main technologies supplier delivering stop-to-finish managed expert services and unmatched knowledge to travel secure digital transformation.

Canaccord Genuity served as the exclusive monetary advisor to Edge. Dechert LLP served as lawful counsel to Court Square Capital. Alliance Bernstein, Morgan Stanley, NXT, Northwestern Mutual and Churchill offered financing for the transaction.

For far more information and facts on Prosper, pay a visit to thrivenextgen.com.

About Prosper

Thrive is a main provider of NextGen managed expert services made to generate enterprise results through software enablement and optimization. The firm’s Prosper5 Methodology makes use of a unique combination of its Software General performance Platform and strategic services to be certain just about every enterprise application achieves peak performance, scale, uptime, and the maximum amount of security. For additional data, thrivenextgen.com.

Thrive: LinkedIn, Twitter, Facebook, YouTube and Instagram

About Edge Technologies Team

Edge Engineering Team is a sector-concentrated consultancy, exclusively representing option financial investment administrators globally. Edge delivers thoroughly managed IT services and full cloud alternatives. The business provides instant, versatile and proprietary remedies that satisfy the needs of hedge funds, private equity firms, relatives places of work and asset supervisors throughout the world. Edge has 8 locations 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.

Courtroom Square is a middle sector non-public equity business with 1 of the most professional investment decision groups in the business. Given that 1979, the group has concluded around 235 investments, which includes several landmark transactions, and has made several firms into leaders in their respective marketplaces. Court docket Square invests in companies that have persuasive progress prospective in just the company solutions, general industrial, health care, and technology and telecommunications sectors. The company has $7. billion of belongings under administration and is based in New York, N.Y. For additional info on Court docket Sq., remember to visit www.courtsquare.com.

MEDIA Contact:

Patrick Reilly

Zer0 to 5ive for Prosper

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