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Thrive Acquires Edge Technology to Expand Cybersecurity Managed Services for Investment Managers.

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MANews-(C)2009-2022

Massachusetts, US-based next-generation cybersecurity and digital transformation managed services provider Thrive has acquired Connecticut-based technology advisory Edge Technology Group, offering managed IT services for alternative investment managers in the global financial community, the company said.

Terms of the transaction were not disclosed.

The acquisition of Edge Technology Group adds new global offices and data centres across the United Kingdom, Australia, Singapore, Hong Kong, and the Philippines, strengthening Thrive's international presence for all customers. Edge clients, including hedge funds, private equity firms, family offices, and asset managers across the world, will now benefit from Thrive's next-generation managed cybersecurity, collaboration, and cloud services.

Edge serves more than 300 hedge fund, asset managers, private equity, REIT, and wealth management clientele, providing public cloud configurations that are designed to address the business needs of this client base. Edge Technology Group has 265 employees that include a team of client-centreed IT strategists and engineers.

Through this acquisition, Thrive will now have over 1,000 employees...

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