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 aid introduce Thrive’s award-profitable Cyber, Cloud & Automation System into Asia although amplifying their present North American & British isles Functions

FOXBOROUGH, Mass., June 30, 2022 /PRNewswire/ — Prosper, a leading provider of Cybersecurity and Digital Transformation Managed Products and services, declared these days that it has acquired Connecticut-dependent Edge Know-how Team, a foremost global technological innovation advisory and entirely-managed IT services company for option investment decision administrators. The acquisition of Edge Technologies Group provides new global workplaces and info facilities throughout the United Kingdom, Australia, Singapore, Hong Kong, and the Philippines, strengthening Thrive’s worldwide existence for all consumers. Edge customers, together with hedge resources, personal equity companies, spouse and children places of work, and asset supervisors throughout the earth, will now reward from Thrive’s subsequent-technology managed cybersecurity, collaboration, and cloud products and services.

Started in 2007, Edge is a world engineering advisory and thoroughly managed Financial Products and services IT assistance company that supplies advisory providers and cloud computing remedies to choice investment decision professionals. Edge serves much more than 300 hedge fund, asset administrators, private fairness, REIT, and prosperity administration clientele, providing public cloud configurations that are designed to tackle the distinct business enterprise desires of this disparate shopper base. Edge Technological innovation Team has 265 staff that consist of a workforce of client-centered IT strategists and engineers.

“Edge Engineering Group is the top Economic Field MSP in the environment,” claimed Rob Stephenson, Thrive’s CEO. “Their talented engineering and account administration teams will now have access to the Thrive Automation Platform and our 24x7x365 thorough suite of Cybersecurity SOC providers to boost the Edge consumer expertise.”

“As a founder-owned managed companies company, we are thoroughly immersed in advancing clients’ different expense procedures through our IT advisory expert services and cloud computing alternatives,” claimed Jim Nekos, CEO, Edge Engineering Group. “Edge is thrilled to join the Prosper family members as their client-initial motivation is correctly aligned with ours and their advanced cybersecurity, automation, collaboration and managed expert services system will expedite our customers’ Electronic Transformation journey.”

Through this acquisition, Thrive will now have about 1,000 staff members serving purchasers all-around the entire world, solidifying their posture as the foremost technological know-how outsourcing company for the Money Business. Edge Engineering Group marks the fourth acquisition by Prosper in 2022 and cements Thrive’s world wide place as a primary technologies service provider offering close-to-conclude managed services and unmatched knowledge to travel protected digital transformation.

Canaccord Genuity served as the distinctive fiscal advisor to Edge. Dechert LLP served as lawful counsel to Court Square Cash. Alliance Bernstein, Morgan Stanley, NXT, Northwestern Mutual and Churchill delivered funding for the transaction.

For a lot more information and facts on Prosper, go to

About Prosper

Thrive is a primary service provider of NextGen managed companies created to generate business enterprise outcomes through application enablement and optimization. The firm’s Prosper5 Methodology makes use of a exclusive mix of its Software Overall performance System and strategic providers to guarantee every single business application achieves peak performance, scale, uptime, and the maximum amount of stability. For much more data,

Prosper: LinkedIn, Twitter, Facebook, YouTube and Instagram

About Edge Technological innovation Group

Edge Technological innovation Team is a sector-focused consultancy, solely representing alternate expenditure professionals globally. Edge features absolutely managed IT services and full cloud remedies. The enterprise provides speedy, versatile and proprietary answers that fulfill the desires of hedge cash, private equity firms, relatives places of work and asset administrators throughout the world. Edge has 8 spots across Asia Pacific, Europe and the US, such as Singapore, Hong Kong, Sydney, London, New York, San Francisco, Austin and Greenwich, CT.

About Court docket Square

Court docket Sq. is a center industry private equity business with a person of the most professional investment decision groups in the field. Considering the fact that 1979, the crew has completed in excess of 235 investments, together with many landmark transactions, and has formulated various firms into leaders in their respective marketplaces. Court docket Sq. invests in firms that have persuasive development potential in just the small business solutions, normal industrial, health care, and know-how and telecommunications sectors. The organization has $7. billion of property under management and is based mostly in New York, N.Y. For a lot more details on Courtroom Sq., make sure you visit


Patrick Reilly

Zer0 to 5ive for Prosper



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