Edge Technology Group

Canaccord Genuity Advises Edge Technology Group on its Sale to Thrive

Combination creates the leading Cybersecurity Managed Services Provider for the Global Financial Community

Edge Technology Group will help introduce Thrive's award-winning Cyber, Cloud, & Automation Platform into Asia, while amplifying Thrive’s existing North American & UK Operations

Canaccord Genuity is pleased to announce it has advised Edge Technology Group, a leading global technology advisory and fully-managed IT services provider for alternative investment managers, on its sale to Thrive, a premier provider of cybersecurity and digital transformation managed services and a portfolio company of Court Square Capital Management. Edge adds new global offices and data centers 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 also benefit from Thrive's next-generation managed cybersecurity, collaboration, and cloud services.

Founded in 2007, Edge Technology Group is one of the world’s leading Financial Industry-focused MSPs, a global technology advisory and fully managed financial services IT services provider that provides advisory services and cloud computing solutions to alternative investment managers. 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 distinct business needs of this disparate client base. The company has 265 employees, including a team of client-centered IT strategists and engineers. Edge has eight locations across the Asia Pacific region, Europe, and the US, including Singapore, Hong Kong, Sydney, London, New York, San Francisco, Austin, and Greenwich, Connecticut.

Thrive is a leading provider of nextgen managed services designed to drive business outcomes through application enablement and optimization. The company's Thrive5 Methodology utilizes a unique combination of its Application Performance Platform and strategic services to ensure each business application achieves peak performance, scale, uptime, and the highest level of security.

Through the acquisition of Edge Technology Group, Thrive will now have more than 1,000 employees serving clients around the world, solidifying the company’s position as the leading technology outsourcing provider for the Financial Industry. Edge is the fourth acquisition completed by Thrive in 2022 and cements Thrive's global position as a leading technology provider delivering end-to-end managed services and unmatched expertise to drive secure digital transformation.

Canaccord Genuity, with a team led by Ben Lunka, JP Michaud, and Rohan Sura, served as the exclusive financial advisor to Edge Technology Group.