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 Technologies Group will assistance introduce Thrive’s award-successful Cyber, Cloud & Automation System into Asia even though amplifying their current North American & British isles Operations

FOXBOROUGH, Mass., June 30, 2022 /PRNewswire/ — Prosper, a premier company of Cybersecurity and Digital Transformation Managed Products and services, announced now that it has obtained Connecticut-primarily based Edge Know-how Group, a top world wide know-how advisory and completely-managed IT assistance service provider for choice expense supervisors. The acquisition of Edge Technological know-how Group provides new global offices and details centers across the United Kingdom, Australia, Singapore, Hong Kong, and the Philippines, strengthening Thrive’s worldwide existence for all consumers. Edge customers, such as hedge funds, non-public fairness companies, family members workplaces, and asset managers throughout the earth, will now advantage from Thrive’s upcoming-era managed cybersecurity, collaboration, and cloud solutions.

Founded in 2007, Edge is a world-wide technologies advisory and fully managed Fiscal Companies IT services service provider that delivers advisory services and cloud computing options to substitute investment supervisors. Edge serves much more than 300 hedge fund, asset professionals, non-public equity, REIT, and prosperity administration clientele, offering community cloud configurations that are built to handle the distinct enterprise requires of this disparate consumer base. Edge Know-how Group has 265 personnel that involve a group of client-centered IT strategists and engineers.

“Edge Technologies Group is the major Monetary Market MSP in the earth,” reported Rob Stephenson, Thrive’s CEO. “Their talented engineering and account administration groups will now have obtain to the Thrive Automation System and our 24x7x365 in depth suite of Cybersecurity SOC solutions to improve the Edge customer expertise.”

“As a founder-owned managed products and services company, we are absolutely immersed in advancing clients’ option expenditure methods by way of our IT advisory products and services and cloud computing answers,” explained Jim Nekos, CEO, Edge Technological know-how Team. “Edge is thrilled to join the Prosper family as their consumer-initial dedication is completely aligned with ours and their state-of-the-art cybersecurity, automation, collaboration and managed companies system will expedite our customers’ Electronic Transformation journey.”

As a result of this acquisition, Prosper will now have in excess of 1,000 workers serving customers all around the globe, solidifying their situation as the main technologies outsourcing supplier for the Money Sector. Edge Technologies Team marks the fourth acquisition by Thrive in 2022 and cements Thrive’s world-wide placement as a major technologies supplier delivering end-to-stop managed companies and unmatched know-how to travel protected electronic transformation.

Canaccord Genuity served as the exceptional money advisor to Edge. Dechert LLP served as legal counsel to Court docket Square Money. Alliance Bernstein, Morgan Stanley, NXT, Northwestern Mutual and Churchill delivered funding for the transaction.

For additional data on Prosper, visit thrivenextgen.com.

About Prosper

Thrive is a leading company of NextGen managed products and services created to drive enterprise outcomes via application enablement and optimization. The company’s Thrive5 Methodology utilizes a exclusive mixture of its Software Overall performance Platform and strategic products and services to make certain each individual business software achieves peak functionality, scale, uptime, and the maximum amount of protection. For extra info, thrivenextgen.com.

Prosper: LinkedIn, Twitter, Facebook, YouTube and Instagram

About Edge Technological know-how Group

Edge Technology Group is a sector-centered consultancy, completely symbolizing alternative investment decision administrators globally. Edge delivers entirely managed IT services and total cloud solutions. The organization delivers rapid, versatile and proprietary remedies that fulfill the wants of hedge funds, private equity corporations, loved ones workplaces and asset supervisors throughout the world. Edge has 8 locations throughout Asia Pacific, Europe and the US, including Singapore, Hong Kong, Sydney, London, New York, San Francisco, Austin and Greenwich, CT.

About Courtroom Sq.

Courtroom Sq. is a middle current market personal equity firm with a single of the most experienced investment groups in the field. Considering the fact that 1979, the workforce has finished over 235 investments, which include quite a few landmark transactions, and has developed a lot of companies into leaders in their respective marketplaces. Court Sq. invests in organizations that have powerful development potential inside the small business services, common industrial, healthcare, and technologies and telecommunications sectors. The firm has $7. billion of assets beneath administration and is based in New York, N.Y. For additional data on Courtroom Square, remember to visit www.courtsquare.com.

MEDIA Get in touch with:

Patrick Reilly

Zer0 to 5ive for Prosper

[email protected] 

732-687-4683

Perspective initial written content to down load multimedia:https://www.prnewswire.com/information-releases/prosper-acquires-edge-technologies-group-to-become-the-major-cybersecurity-managed-products and services-supplier-for-the-international-fiscal-neighborhood-301578523.html

Source Thrive



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