M&A Deal Summary

Thrive Networks Acquires Edge Technology Group

On June 30, 2022, Thrive Networks acquired information technology company Edge Technology Group

Acquisition Highlights
  • This is Thrive Networks’ 9th transaction in the Information Technology sector.
  • This is Thrive Networks’ 9th transaction in the United States.
  • This is Thrive Networks’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2022-06-30
Target Edge Technology Group
Sector Information Technology
Buyer(s) Thrive Networks
Deal Type Add-on Acquisition
Advisor(s) Canaccord Genuity (Financial)

Target

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.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 10 of 16
Sector (Information Technology) 9 of 15
Type (Add-on Acquisition) 10 of 16
State (Connecticut) 1 of 1
Country (United States) 9 of 13
Year (2022) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-24 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-11 Custard Technical Services

Nottingham, United Kingdom

Custard Technical Services is comprised of a skilled technical team of specially trained experts to accomplish IT goals for organizations of various scopes and sectors. Custard Technical Services was founded in 1996 and Nottingham, United Kingdom.

Buy -
Mergr

Product

Company

Legal