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

Edge Technological know-how Team will aid introduce Thrive’s award-winning Cyber, Cloud & Automation System into Asia when amplifying their existing North American & United kingdom Operations

FOXBOROUGH, Mass., June 30, 2022 /PRNewswire/ — Prosper, a leading service provider of Cybersecurity and Digital Transformation Managed Services, announced nowadays that it has obtained Connecticut-based mostly Edge Engineering Team, a main worldwide technology advisory and thoroughly-managed IT support provider for alternative expense professionals. The acquisition of Edge Technological innovation Team provides new world offices and data facilities across the United Kingdom, Australia, Singapore, Hong Kong, and the Philippines, strengthening Thrive’s worldwide existence for all consumers. Edge clients, which includes hedge cash, private fairness firms, spouse and children workplaces, and asset managers throughout the planet, will now benefit from Thrive’s future-technology managed cybersecurity, collaboration, and cloud products and services.

Established in 2007, Edge is a world know-how advisory and completely managed Financial Services IT provider company that offers advisory solutions and cloud computing solutions to option investment supervisors. Edge serves more than 300 hedge fund, asset supervisors, non-public equity, REIT, and wealth administration clientele, delivering public cloud configurations that are created to deal with the unique small business needs of this disparate consumer base. Edge Engineering Team has 265 staff that include a workforce of shopper-centered IT strategists and engineers.

“Edge Technological innovation Team is the top Economical Industry MSP in the globe,” explained Rob Stephenson, Thrive’s CEO. “Their talented engineering and account management teams will now have obtain to the Prosper Automation Platform and our 24x7x365 comprehensive suite of Cybersecurity SOC companies to boost the Edge consumer practical experience.”

“As a founder-owned managed companies provider, we are totally immersed in advancing clients’ alternative expenditure procedures through our IT advisory products and services and cloud computing answers,” mentioned Jim Nekos, CEO, Edge Know-how Team. “Edge is thrilled to sign up for the Prosper family as their customer-very first determination is perfectly aligned with ours and their superior cybersecurity, automation, collaboration and managed solutions system will expedite our customers’ Digital Transformation journey.”

By this acquisition, Prosper will now have in excess of 1,000 personnel serving shoppers all-around the planet, solidifying their position as the foremost engineering outsourcing service provider for the Financial Market. Edge Technology Team marks the fourth acquisition by Prosper in 2022 and cements Thrive’s worldwide situation as a main technology provider delivering conclusion-to-end managed expert services and unmatched know-how to generate protected electronic transformation.

Canaccord Genuity served as the special financial advisor to Edge. Dechert LLP served as authorized counsel to Court Sq. Capital. Alliance Bernstein, Morgan Stanley, NXT, Northwestern Mutual and Churchill delivered financing for the transaction.

For a lot more details on Prosper, stop by thrivenextgen.com.

About Prosper

Prosper is a top provider of NextGen managed companies created to travel business outcomes as a result of software enablement and optimization. The company’s Thrive5 Methodology makes use of a special mixture of its Software Overall performance System and strategic products and services to make sure each and every organization application achieves peak effectiveness, scale, uptime, and the greatest stage of stability. For extra data, thrivenextgen.com.

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About Edge Engineering Group

Edge Know-how Group is a sector-focused consultancy, completely symbolizing choice expenditure professionals globally. Edge offers completely managed IT products and services and finish cloud methods. The enterprise provides instant, adaptable and proprietary remedies that satisfy the desires of hedge cash, private fairness corporations, family places of work and asset professionals throughout the world. Edge has 8 areas throughout Asia Pacific, Europe and the US, like Singapore, Hong Kong, Sydney, London, New York, San Francisco, Austin and Greenwich, CT.

About Court Square

Courtroom Square is a middle industry non-public equity company with 1 of the most experienced investment groups in the sector. Due to the fact 1979, the staff has concluded over 235 investments, which include various landmark transactions, and has designed quite a few businesses into leaders in their respective marketplaces. Courtroom Square invests in companies that have persuasive advancement possible inside of the company companies, standard industrial, healthcare, and technological know-how and telecommunications sectors. The organization has $7. billion of property less than administration and is based mostly in New York, N.Y. For far more data on Court Square, make sure you visit www.courtsquare.com.

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