Thrive: Recent MSP Acquisitions, Security Focus
SouthTech -- the seller in this case -- has 55 employees listed on LinkedIn. The seller supports more than 275 companies in southwest Florida. Key offerings include managed services; cloud and hosting solutions; backup and disaster recovery services; unified communications; compliance auditing; and data security, the seller said. This is Thrive's second acquisition in Florida this year. The other deal involved Thrive buying Preemo.Thrive now has 625 employees. The MSP has acquired more than a dozen MSPs, IT service providers and consulting firms since 2016. Other somewhat recent deals include buying InCare Technologies, Howard Tech Advisors, Apex IT Group, and ONI, among others.Thrive now positions itself as a "security-first MSP" that delivers "comprehensive managed services and unmatched expertise to drive secure digital transformation for small to mid-sized enterprises across multiple industries," Thrive asserts.Thrive Acquires SouthTech: MSP Executive Perspectives

"SouthTech's team provides unique services for complex client technology issues which aligns very closely with our customer-centric approach. The Florida market is red-hot, and we wanted to find the best MSP partner on the West Coast to promote the Thrive cybersecurity, Cloud & digital transformation platform into the region. SouthTech's talented group of employees deliver that."
"For over 25 years, SouthTech's mission is to be a trusted long-term partner to companies by delivering custom technology solutions and being a people-first managed service provider. We're excited to join the Thrive family as their overarching goal aligns with our values and IT service offerings as a technological guide for customer's path to success."