Thrive Acquires Secured Network Services
Deal News | Feb 13, 2025 | Globenewswire
Thrive, a leading global technology outsourcing provider, has acquired New Hampshire-based Secured Network Services (SNS). This acquisition marks Thrive's entry into the New Hampshire market and further strengthens their presence in New England, offering their superior Security Operation Center (SOC) and Hybrid Cloud solutions to SNS's clientele. The acquisition aligns with ongoing complexities in cyber regulations, such as the proposed changes to the Health Insurance Portability and Accountability Act (HIPAA). By leveraging SNS's deep industry knowledge, Thrive aims to enhance support for healthcare, non-profit, and government customers. This move is part of Thrive’s growth strategy, having already completed eleven acquisitions in the last two years, backed by investments from Berkshire Partners and Court Square Capital Partners. The combined expertise and service offerings will extend the exceptional resources and NextGen solutions that Thrive provides, further enabling businesses to navigate the rapidly evolving IT landscape.
Sectors
- Technology Outsourcing
- Cybersecurity
- Cloud Computing
Geography
- United States – The main geographical focus is on Thrive's expansion in the United States, specifically into New Hampshire, affecting its New England market presence.
- New England – The acquisition allows Thrive to deepen its reach into the New England region, reinforcing its strategic geographic expansion.
Industry
- Technology Outsourcing – The article focuses on Thrive, a global provider of technology outsourcing services, including cybersecurity and managed IT services, signifying its core industry.
- Cybersecurity – The acquisition emphasizes Thrive’s cybersecurity solutions, reflecting the industry's importance due to evolving cyber regulations.
- Cloud Computing – Thrive's expansion includes offering Hybrid Cloud solutions, showcasing the relevance of the cloud computing industry.
Financials
- – No specific financial figures related to the acquisition have been disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Thrive | Bidding Company | Company | A global technology outsourcing provider acquiring SNS to expand its market reach and service capabilities. |
| Secured Network Services (SNS) | Target Company | Company | A New Hampshire-based IT provider acquired by Thrive to enhance its industry knowledge and regional presence. |
| Berkshire Partners | Investor | Company | A strategic investment partner of Thrive, supporting its growth strategy and capabilities scaling. |
| Court Square Capital Partners | Investor | Company | Another investment firm backing Thrive to foster its expansion and scaling of solutions. |