M&A Deal Summary

Thrive Networks Acquires DSM Technology

On June 24, 2022, Thrive Networks acquired information technology company DSM Technology

Acquisition Highlights
  • This is Thrive Networks’ 8th transaction in the Information Technology sector.
  • This is Thrive Networks’ 8th transaction in the United States.
  • This is Thrive Networks’ 3rd transaction in Florida.

M&A Deal Summary
Date 2022-06-24
Target DSM Technology
Sector Information Technology
Buyer(s) Thrive Networks
Deal Type Add-on Acquisition

Target

DSM Technology

Lakeland, Florida, United States
DSM Technology is a provider of Data Protection suite, and Disaster Recovery platform take a rapid recovery approach to data assurance. DSM Technology was founded in 1986 and is based in Lakeland, Florida.

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Buyer(S) 1

Buyer

Thrive Networks

Foxborough, Massachusetts, United States
Category Company
Founded 2000
Sector Information Technology
DESCRIPTION

Thrive Networks is a managed services provider, delivers a portfolio of outsourced technology services that included cloud, hosting, security, disaster recovery, backup, replication, network management, device management, storage, virtualization and more. For nearly two decades, Thrive has leveraged leading vendor technologies, its vast technical engineering talent and a fanatical dedication to client support to service hundreds of mid-market customers across the United States. Thrive Networks was founded in 2000 and is based in Foxborough, Massachusetts.

DEAL STATS #
Overall 9 of 16
Sector (Information Technology) 8 of 15
Type (Add-on Acquisition) 9 of 16
State (Florida) 3 of 4
Country (United States) 8 of 13
Year (2022) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-09 SouthTech Solutions

Sarasota, Florida, United States

SouthTech Solutions offers a complete suite of tailored IT solutions, including managed services, Cloud and hosting solutions, backup and disaster recovery services, unified communications, compliance auditing, and data security. SouthTech Solutions is based in Sarasota, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-30 Edge Technology Group

Greenwich, Connecticut, United States

Edge Technology Group is a sector-focused consultancy, exclusively representing alternative investment managers globally. Edge offers fully managed IT services and complete cloud solutions. The company delivers immediate, flexible and proprietary solutions that satisfy the needs of hedge funds, private equity firms, family offices and asset managers worldwide. Edge Technology Group was founded in 2007 and is based in Greenwich, Connecticut.

Buy -
Mergr

Product

Company

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