Thrive, provider of NextGen managed services has acquired S7 Technology Group, an information technology services provider for the financial industry. The acquisition will greatly enhance S7's clientele by providing availability to Thrive's innovative cyber security, Microsoft digital transformation and hybrid cloud offerings built upon its ServiceNow automation platform.
S7 Technology Group, headquartered in Midtown Manhattan, is an SSAE 18- audited, value-driven technology firm that provides turnkey, full-service IT solutions and ongoing support to financial institutions. Its comprehensive end-to-end framework, Azure Partner status, and laser focus on the Private Equity support industry provide a competitive edge for financial firms seeking to maximize their technology return on investment.
Rob Stephenson, CEO of Thrive, says: "Adding S7 and its talented management team to the Thrive family signals our continued commitment to enhance our financial services practice, particularly in New York.
"Thrive's cyber security and advanced Microsoft digital transformation solutions, designed for financial customers, reinforce our mission to support the strategic technology needs of Private Equity firms with a unique blend of managed services, portfolio engagement services, and consulting to ensure security, compliance and performance."
Scot Guido, CEO of S7 Technology Group, adds: "For more than a decade, S7 Technology Group has enabled financial businesses to leverage the performance, security, and scalability previously only afforded to large enterprises and we're thrilled to be joining the Thrive team.
"We're incredibly impressed by the level of automation and operational efficiencies of Thrive's ServiceNow platform and the enhanced cyber security capabilities of its 24x7 Security Operations Center (SOC). Our clients will benefit greatly from our new partnership with Thrive."
Scot Guido, CEO, Michael Bilenkis, CTO and Fred Bruno, COO, will all assume senior leadership roles in New York, home to Thrive's largest office. The S7 transaction marks the 12th acquisition for Thrive since 2016.