M&A Deal Summary

Thrive Networks Acquires InCare Technologies

On January 6, 2022, Thrive Networks acquired information technology company InCare Technologies

Acquisition Highlights
  • This is Thrive Networks’ 6th transaction in the Information Technology sector.
  • This is Thrive Networks’ 5th transaction in the United States.
  • This is Thrive Networks’ 1st transaction in Alabama.

M&A Deal Summary
Date 2022-01-06
Target InCare Technologies
Sector Information Technology
Buyer(s) Thrive Networks
Deal Type Add-on Acquisition

Target

InCare Technologies

Birmingham, Alabama, United States
InCare Technologies is an information technology managed services provider which include proactive IT support, Cybersecurity, networking, total technology outsourced management and more. InCare Technologies is based in Birmingham, Alabama, with offices in Tennessee and Mississippi.

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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 6 of 16
Sector (Information Technology) 6 of 15
Type (Add-on Acquisition) 6 of 16
State (Alabama) 1 of 1
Country (United States) 5 of 13
Year (2022) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 S7 Technology Group

New York, New York, United States

S7 Technology Group is a technology solutions provider to companies in the financial services industry. S7 provides the resources and expertise of an IT department, but without the management, overhead, and complexities of having one in-house. Whether you are in the initial stage of a build-out or an established business, S7 will be your single point of contact and will provide you with a complete technology solution that will allow you to operate efficiently, while giving your clients and investors the information they need to trust in the stability and security of your IT solution. S7 Technology Group was founded in 2009 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-02 Preemo

Miami, Florida, United States

Preemo is an IT services and proactive, innovative solutions for a variety of businesses, including law firms, medical offices, accounting firms, and manufacturing & distribution companies. Preemo is based in Miami, Florida.

Buy -
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